# Tomales Bay Capital: portfolio, investments and team > Tomales Bay Capital is a vc firm based in United States. 1 investment on record, 1 in the last 12 months, latest Jun 2026. Source: https://millionrounds.com/fund/tomales-bay-capital (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Tomales Bay Capital Last cheque observed Jun 2026; 1 cheques on record. Email VC firm Deploying now New fund $96M, Oct 2026 Series A Series B Growth Venture Capital & Private Equity Follow Tomales Bay Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ftomales-bay-capital) Deploying now **100%** of best year **1** **cheques in 12 months**, 1 on record Since the last cheque **147** days **00** hrs **00** min **00** sec Median round **$30M** Rounds led **1 of 1** Pitch Tomales Bay Capital ## Tomales Bay Capital highlights - 01 1 cheques in the last 12 months - 02 Mostly Series B: 100% of its rounds - 03 Led 1 rounds ## What they do > A global growth investment firm that applies concentrated investment approach to build long-term cornerstone positions in the world From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Series A Series B Growth Pre-IPO - **Sectors:** Venture Capital & Private Equity - **Based in:** Las Vegas, United States - **Cold pitches:** Not accepted ## The record Every round we can evidence, newest first **1 appearances** - **2026** 1 round - **Jun** **[Equal AI](https://millionrounds.com/company/equal-ai)** Series B · IN · TechCrunch **$30M** *Led* An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **2 named** GL **Gina Louise Cibuzar** Chief Financial Officer i Form ADV IS **Iqbaljit Singh Kahlon** Managing Member of the Managing Member of the GP i Filing they signed We also hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$5.1B** assets it manages Oct 2026 **Registered** investment adviser full reporting to the SEC - **Legal name:** Tomales BAY Capital, L.P. - **SEC number:** CRD 298932 Funds on its Form ADV **39** private funds, **$2.6B** in gross assets · filed Nov 2024 Private equity **33** Venture **6** - ISK Dragon Investments, LLC *Private equity* 2 investors $423M - TBC Dragon Investments, LLC *Private equity* 11 investors $300M - Tomales Bay Capital Anduril II, L.P. *Private equity* 38 investors $295M - Tomales Bay Capital Anduril III, L.P. *Private equity* 16 investors $232M - TBC Castle Global, LLC *Venture* 27 investors $225M - Tomales Bay Capital Global Growth Fund I, L.P. *Private equity* 22 investors $112M - TBC Ellipsis Opportunities, LLC - Series 5 *Private equity* 53 investors $101M - TBC Ellipsis Opportunities, LLC - Series 6 *Private equity* 3 investors $93M - TBC Dragon Investments III, LLC *Private equity* 25 investors $76M - TBC Dragon Investments II, LLC *Private equity* 27 investors $74M And 29 more on the filing. New fund on file **$96M** raised in Oct 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Series A Series B Growth Median round joined **$30M** the round, not its cheque Led 1 of 1 rounds **100%** - **Sole investor:** Never alone - **Last cheque:** Jun 2026 Rounds by stage said on their site - Series B said *1* - Series A said *-* - Growth said *-* - Pre-IPO said *-* Cheques by month Led Joined Dec 2023 Nov 2026 **Pitching Tomales Bay Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Recently backed The latest companies Tomales Bay Capital put money into. [**Equal AI** $30M · Jun 2026](https://millionrounds.com/company/equal-ai) ## Quick answers about Tomales Bay Capital ### What does Tomales Bay Capital invest in? Tomales Bay Capital invests most often at Series B (100% of the rounds on record), in sectors such as Venture Capital & Private Equity. ### How active is Tomales Bay Capital? 1 investments on record, 1 of them in the last 12 months, and it led 1. The most recent was in Jun 2026. ### What has Tomales Bay Capital invested in recently? Its most recent investments on record: Equal AI (Series B, Jun 2026). ### How big are Tomales Bay Capital's cheques? The median round it joins is $30M. ### Is Tomales Bay Capital investing now? Yes: it is actively investing, with 1 investments in the last 12 months. ### What kind of investor is Tomales Bay Capital? Tomales Bay Capital is a VC firm based in Las Vegas, United States. ### How much does Tomales Bay Capital manage? About $5.1B, as regulatory assets under management (Oct 2026). ### Has Tomales Bay Capital raised a new fund? Its latest fund filing with the SEC was in Oct 2026, reporting $96M raised. ## Raising now? 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