Touring Capital Closes $330M Fund I to Power the Next Wave of AI-Driven Software Innovation

Founded in 2023, the firm has already made twelve investments globally; portfolio includes one unicorn, a successful exit, and several up-rounds

SAN FRANCISCO, Sept. 25, 2025 /PRNewswire/ -- Touring Capital, the venture firm founded by industry veterans Nagraj Kashyap, Priya Saiprasad, and Samir Kumar, today announced the close of its Fund 1 with an oversubscribed $330 million in aggregate commitments. With an emphasis on AI-powered software startups at the early-growth stage, Touring Capital is helping a new generation of founders scale transformational businesses around the world.

Since launching in September 2023, the firm has made twelve investments, and has already demonstrated strong early results with five up-rounds and one exit. After leading SafeBase's $33 million Series B, Touring Capital saw the company acquired by Drata within just 10 months. Its portfolio companies Netradyne, Daloopa, Numa, Cusp and Exaforce have announced up-rounds.

In addition, 50% of Touring Capital's portfolio comes from former founders the team has previously backed, highlighting the strength of these repeat partnerships. Six of its twelve portfolio companies are led by entrepreneurs who chose to work with Touring Capital again.

Touring Capital's momentum has extended beyond its portfolio, as the firm continues to scale its platform and presence, including opening its headquarters in South Park, San Francisco. The firm has also bolstered its team with the addition of Max Zhang as an associate, and rounded out its set of advisors with the addition of Sydney Meheula from Anthropic to join its existing advisory bench of Rajarshi Gupta, Ray Cao, and Abhi Kumar, all of whom have worked closely with the Touring team across prior funds.

"We launched Touring Capital with the belief that AI would redefine software and reshape productivity across industries. We're seeing that conviction validated every day," said Nagraj Kashyap, co-founder and general partner. "With this new fund, we'll continue to support founders scaling the next generation of software companies."

Touring Capital draws on decades of experience from its founding partners, who previously founded and held senior leadership roles at SoftBank Vision Fund II, M12 (Microsoft's Venture Fund), and Qualcomm Ventures. Their combined track record includes 30 successful exits and investments in 17 unicorns, including Zoom, Kahoot!, Applied Intuition,  Outreach, Livongo, and Go1.

Touring Capital is backed by leading global institutional LPs, family offices, and more than 30 former founders who have worked with the team before—underscoring the firm's reputation as a trusted, founder-first partner.

Touring Capital continues to seek early-growth opportunities in both established and emerging software ecosystems, as well as partnering with founders from its extensive network over time. 

To learn more about Touring Capital and its portfolio, visit touringcapital.com.

About Touring Capital:
Founded in 2023, Touring Capital is a venture capital firm focused on investing in the next generation of early growth-stage, AI-driven SaaS companies around the world. Its founders, Nagraj Kashyap, Priya Saiprasad, and Samir Kumar, have more than a decade of experience working together at leading investment firms and a proven track record of venture capital investing across the global technology startup ecosystem. The Touring Capital team is committed to investing in companies that are leveraging AI to fuel major productivity gains for workers across all lines of business and sectors. Visit https://touringcapital.com to learn more.

SOURCE Touring Capital