About This Fund
Touring Capital Fund I is a first institutional commitment to support the next generation of AI-powered software companies at the early-growth stage. With total capital of $330 million, the fund seeks to lead checks into B2B SaaS enterprises that have established product–market fit and are ready to scale. It bets on founders who leverage AI to improve real workflows, emphasize measurable ROI, and build defensible data moats.
The team draws heavily on prior operating and venture experience (SoftBank Vision Fund II, M12, Qualcomm Ventures) to act as hands-on partners, combining deep networks with domain insight. The investment approach is conviction‑driven: fewer but concentrated bets, strong alignment with founders, and selective follow-on support.
To date, the portfolio includes ~12 companies, with multiple up‑rounds and at least one exit (SafeBase acquired by Drata) as early validation of the thesis. The fund intends to back 18‑20 companies overall, mostly in the U.S. but with attention to Europe, India, and Australia as supplementary geographies.
In execution, Touring Capital seeks to differentiate itself by combining AI / algorithmic sourcing tools (e.g. internal screening pipelines) with founder empathy and domain diligence, rather than chasing hype in foundational models.