TOURING CAPITAL LLC

Thesis

Touring Capital is a venture capital firm established in 2023, headquartered in San Francisco, California. The firm focuses on investing in early-growth stage, AI-driven software companies globally, with a particular emphasis on B2B SaaS solutions. Their core investment thesis revolves around the transformative power of Artificial Intelligence in redefining software and reshaping productivity across industries. They seek to back founders who are leveraging AI to drive significant productivity gains for workers across various business lines and sectors. The firm targets companies that are approaching product-market fit and demonstrate clear customer pain points, measurable return on investment (ROI), and a credible path to scale. Their approach is described as "anti-hype, results-oriented," prioritizing companies with strong product-market fit and scalable business models. They focus on AI-driven software, B2B SaaS, FinTech, Digital Health, and Industrial Tech. Their stage preferences include pre-seed, seed, seed-plus, Series A, and early-growth stages, with a preference for Series B and C rounds for companies with strong Annual Recurring Revenue (ARR) and product-market fit. Geographically, they primarily focus on North America but have global interests including Europe, India, and Australia. Touring Capital prefers to lead investment rounds. The firm closed its inaugural fund, Fund I, with an oversubscribed $330 million in aggregate commitments in September 2025. The firm typically writes initial checks between $5 million and $20 million, with reserves for follow-on investments. Touring Capital has made twelve investments globally since its launch in September 2023.

Related lists

• Pre-seed AI investors
• Pre-seed Enterprise investors
• Pre-seed Fintech investors