Seattle-based Tola seeks inaugural fund

Seattle-based Tola Capital, which focuses on enterprise software companies, has filed a regulatory document seeking to raise $116.4 million for its inaugural fund, called Tola Ventures.

The filing appears to be a continuation of its ongoing fundraising efforts in which it is seeking to raise $150 million for an inaugural fund. Last fall, the firm closed on $33.6 million from 18 investors, according to a filing at the time.

The  firm was founded last year and is led by two former Microsoft employees. Sheila Gulati, who worked on the enterprise application platform at Microsoft, is listed as managing director. Stacey Giard, who worked at Microsoft for more than 10 years, is listed as COO and principal.

Tola, which has already amassed a portfolio, does not state its focus, but it appears to be more later stage.