LONDON, April 24,
2024 /PRNewswire/ -- Tquila today announced the
launch and first close of the Tquila Paloma Fund (the "Paloma
Fund"), with $40m of commitments
representing two-thirds of its target capital raise of $60m.
Tquila is a global technology venture-building company, founded
by James McHugh in 2010. Tquila has
built a thriving portfolio of fast growth 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.
Tquila invests 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 $1b 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.
The Paloma Fund will accelerate the current portfolio, as well
as expand Tquila's investments into a broader range of technologies
and geographies.
Tquila has built an impressive team of industry and asset
management experts to deliver on its strategy, including
Carsten Jorgensen, former Chair and
CEO of the Mittal Family Investment Office and Head of Investments
at Inter IKEA Fund Management. Carsten will Chair the Paloma Fund
and said that "The Paloma Fund reaching a solid first close in
under six months is testimony to the unique opportunity Tquila
offers investors and clients to partner with the in-demand software
companies, and to a committed and talented group of tech
entrepreneurs."
James McHugh, founder and CEO of
Tquila, former founder, CEO and Chairman of K2 Partnering Solutions
said, "We are fortunate to have a world class team of entrepreneurs
invested with, as advisors to, and as partners of — our inaugural
fund. All of us at Tquila are delighted to be working with
Carsten and the Paloma Fund team. The experience, focus and
professionalism they've brought to the group has allowed us to
accelerate our opportunity and with that, growth."
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SOURCE Tquila