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Seattle-area VC firm Tola Capital raising a new $400M fund, filing shows

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Tola Capital, a Seattle-area investment firm that backs enterprise software companies, is raising $400 million for its third fund, according to a new SEC filing. Founded in 2010, Tola is led by former Microsoft managers Sheila Gulati and Stacey Giard. It currently manages $440 million in assets and has invested in more than 20 companies. Gulati declined to comment on the filing.

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