HomeUKTquila Holds First Close of $60M Fund

Tquila Holds First Close of $60M Fund

Tquila, a London, UK-based venture-building company, announced the launch and first close of the Tquila Paloma Fund, with $40m of commitments.

The first close represents two-thirds of its target capital raise of $60m.

The fund will accelerate the current portfolio, as well as expand Tquila’s investments into a broader range of technologies and geographies. 

Tquila has invested in companies from seed through to exit, either as stand-alone entities or with co-investment from consulting technology firms and software companies, creating over $1 Billion of equity value since its inception. Its current portfolio includes businesses focused on Data, AI, ServiceNow, Microsoft Dynamics, Google Cloud, Salesforce, UiPath, AWS and Snowflake.

Founded by James McHugh in 2010, Tquila has built a portfolio of technology service businesses across multiple geographies including the US, EMEA, Japan and Australia, bringing a combination of investment with expertise across accelerated growth, talent acquisition and operations.

The firm’s team added Carsten Jorgensen, former Chair and CEO of the Mittal Family Investment Office and Head of Investments at Inter IKEA Fund Management, as a Chair of the Paloma Fund.