TOM Capital Associates, founded in 1995, is a private equity firm headquartered in Calgary, Canada. The firm specializes in acquiring mid-market businesses and investing in sectors such as manufacturing, real estate, oil and gas, and financial services. With an additional office in Auckland, New Zealand, TOM Capital Associates provides post-investment services to its portfolio companies. Glossier is one of the popular startups in their portfolio, despite the fund being primarily focused on investments in the United States. The fund typically invests in rounds with around 9 participants and has a general investment range of $5-10 million. While the fund's activity peaked in 2014, it continues to be involved in less than 2 investment rounds annually. Notable sponsors for the fund include WME Ventures, Thrive Capital, and Manzanita Capital in the initial investment rounds, and Index Ventures, IVP, and 14W in subsequent rounds.