Tomales Bay Capital

Tomales Bay Capital is a San Francisco-based investment firm specializing in early to growth-stage investments in technology companies globally. The firm partners with founders to build compounding franchises, focusing on global growth-stage technology companies with a concentrated approach to building long-term positions. As of December 31, 2024, Tomales Bay Capital manages approximately $2.96 billion in client assets. The firm's investment strategies emphasize global growth-stage technology companies, with a concentrated approach to building long-term positions. Clients are generally accredited investors, qualified purchasers, or qualified clients. The firm charges management fees up to 2% of the fund's capital commitments, with certain fee reductions after an initial period, and may receive carried interest distributions of up to 20% of net profits from investments. Tomales Bay Capital provides clients with audited financial statements annually and unaudited quarterly reports, and has a Code of Ethics in place, with employees potentially having personal investments in the funds. The firm's portfolio includes companies such as Virta Health, a digital health company focused on metabolic health, and Toast, a restaurant management platform. Tomales Bay Capital's team comprises professionals with backgrounds in technology and finance, including individuals who have held positions at firms like Battery Ventures and Quasar Media Private. The firm is registered with the SEC and operates as a registered investment advisor.