Phil Sorgen, a former Microsoft corporate vice president who was most lately chief income officer at RingCentral, is becoming a member of Seattle-area funding agency Tola Capital as a venture partner.
Sorgen spent 24 years at Microsoft. As corporate vice president, he led Microsoft’s U.S. Enterprise Business Group, and held varied different management positions on the tech large, together with president of Microsoft Canada.
The gross sales and advertising and marketing vet joined enterprise communications large RingCentral in Might 2020 and was chargeable for all international gross sales.
Sorgen was already linked to Tola as member of its Enterprise Management Council and a director at its portfolio firm Glia.
Based in 2010, Tola is led by former Microsoft managers Sheila Gulati and Stacey Giard. It focuses on enterprise software program corporations and manages $440 million in property. The agency raised $295 million for its first fund in 2016 and is at the moment investing out of its second fund.
Sorgen instructed GeekWire he joined Tola due to its “excellent” management and the agency’s strategy to investing. Sorgen pointed to 4 traits he’s significantly enthusiastic about:
“I search for organizations which have a transparent imaginative and prescient, embrace each a progress mindset and a studying tradition, have differentiated capabilities in how they’re approaching an answer and gifted people that may ship success,” Sorgen stated.
Tola’s portfolio consists of corporations such as Clipchamp, which was just acquired by Microsoft, and Convercent, which was acquired by OneTrust earlier this yr. The agency invests in corporations throughout North America, Europe, and Australia.