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Specialization is at the core of what we do and enables us to make a real impact. We bring a deep understanding of B2B operations and enjoy supporting on go-to-market, scaling your organization or working on budgets and benchmarks. Investment focus As European first-mover, we invest since 2013 into a new generation of European B2B software companies. Our focus is in particular on solutions enabling the digitalization of medium and large enterprises. We primarily support teams working in the areas of process optimization, industry 4.0 and data-enabled solutions. We join the journey after a startup has product-market fit and generates a minimum of EUR 30k MRR with 10+ customers. In this crucial phase, building a scalable sales model, creating a performance-driven HR approach, and expanding internationally are key to raising a larger subsequent growth round. And we can help you get there. Our initial investment is up to EUR 3m in rounds of EUR 1-5m.

We focus on founders building technologies that are redefining legacy industries Long-Term Capital We invest for the long-term; we’ve guided many of our portfolio companies to IPO or acquisition - and beyond. Concentrated Portfolio Making just four to five investments per year, we run a concentrated portfolio to ensure every company we back receives the resources it requires. Value-Add Partner We leverage our Global 2000 network, extensive experience, and operational expertise to drive value. Target Investment Criteria We've been partnering with founders of industry-disrupting, fast-growing tech businesses since 2006, working with companies that have strong product-market fit and generate $5 million to $100 million-plus in annual sales. We typically take minority stakes, investing between $20 million to $100 million. Investment Size $20 million to $100 million Company CharacteristicsEstablished product-market fit Substantial customers & a large TAM Strong teams with shareholder alignment 20%-100%+ growth Generally recurring or reoccuring revenue High customer retention Strong market position, with competitive moats Solid unit economics Structuring ApproachWe support without seeking control. We are minority investors, with a lead investor mindset who take board representation. We provide capital for growth/expansion, acquisition financing, optimizing capital structure and shareholder liquidity needs.

We’re investing at the intersection of 4 trends: Small business acquisitions boom Alternative investments will be normalized 30 million small businesses to capitalize on Service will increasingly happen online We invest in the startups that turn fax machine using companies into… auto text when your service is done companies. The way small business works is about to do a 180. We’ve invested in 100s of small businesses and noticed one trend, as the next-gen takes over tech is coming. We won’t just own the laundromats, cleaning companies, and car washes of the world. We will own the companies that take them from writing your invoice on a sticky note, to auto-billing you. We will: Own the entire small business ecosystem. Invest in the tech that powers it. Strive for VC-like returns in boring businesses. When everyone is focused on Web3, the metaverse etc, we obsess on traditional businesses making it big with tech. We’re not competing with the big boys in Silicon Valley, we’re doing boring business investing on steroids. No FOMO, all focus. Boring businesses that can scale to billions. Especially when the market pulls back. Making small businesses faster, cheaper, and better operating.

Investing in founders with a vision for technology at work. Our PrinciplesProduct focused We work closely with our companies on their product roadmaps to realize the highest returns over time. Long-term We have a structure and approach that enables us to invest in companies for the long haul. Investing locally and globally We’re not constrained by location and invest in great companies all over the world. Hypothesis-based strategy We look for needs and find solutions that drive transformational change in large markets. Selective investing We work with founders and teams to build value and create relationships that last. Our ValuesMultiple perspectives matter From our collective investing strategies to hiring practices, Tola believes in the value of different viewpoints. We bring the investment and operating experiences of our full team to our portfolio. Experience matters Our team has decades of success in building global product and platform businesses, and our deep network of advisors and specialists are available when needed. Patience matters When investing in companies, we believe that the long view is the right view. Our structure and bespoke approach mean that we partner with founders to build businesses over the long-term. The world matters We have always had a global view of the software market and continue to see great ideas and software, powered by the cloud, built by teams around the world. Profile Tola Capital was founded in 2010 in Seattle, WA, and while you may not have heard of us, we’ve been helping portfolio companies become category leaders and generating great returns for our investors. A team with diverse operational and software industry experiences Investing in solutions with the potential for long-term, transformational change Extensive network of advisors and experts across the software ecosystem Invested in over 20 portfolio companies Funding globally across all stages Managing $440M Companies acquired by SAP, Oracle, SoftBank, Verizon, Mastercard, Cisco, and Rapid7

Walter Ventures is the early-stage investment platform of the Walter Group. We identify and support emerging, scalable, impactful innovations led by visionary entrepreneurs. Our growing team is motivated to invest in exceptional, mission-driven founders who lead technology-enabled companies. We focus on Series A enterprise software companies tackling core value creation for established industries, and believe in projects that enable sustainable socio-economic development. Walter Ventures launched in 2017 in Canada and continued its global growth by relocating its team and main operations to Europe in 2019.

Our Community partners have already embarked on their own crazy race of creating a B2B SaaS, some with a favorable exit outcome, others with a failure outcome, this allowed us to identify a methodology to find challengers of tomorrow. Part of our strategy comes from the business needs of our partners, in a logic of innovation and rationalization of costs it is interesting to look at the case of new players Today our Community partners come from the digital world and together we pool our expertise to identify the hidden value of tomorrow’s challengers Type of assets we are targetingShares: Mainly focused on startups with high potential, one of the key elements in this type of asset is the analysis of the market potential as well as in the team which will be in charge of developing the concept User License: Mainly focused on projects having a Functional MPV and seeking to consolidate it by sharing it with their early adopters, our attention is mainly focused on the execution strategy and the impact of its companies. Token: Mainly focused on web3 projects, this type of asset is generally linked to blockchain and data systems. our focus on this type of asset is focused on the oten linked to the governance and/or the use of a B2B SaaS system.