Toku was founded by Kenneth O'Friel, Dominika Stobiecka.

Who are Toku's investors?

Toku's investors include Blockchain Capital, Firestreak Ventures, Winklevoss Capital, F-Prime Capital, Funders Club Management, gmjp, Gradient Ventures, Honey Island Capital and 6 more.

How much funding has Toku raised?

Toku has disclosed $57.3M raised across 2 of its 3 known rounds.

Where is Toku headquartered?

Toku is headquartered in New York, US.

Toku

New York, US · 16 known investors

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Toku provides payroll infrastructure that lets companies pay teams in stablecoins, fiat, or tokens through a single API that integrates with existing systems like ADP, Gusto, and Workday. It handles tax compliance and employment law across more than 100 countries.

Crypto & Web3 Enterprise Software Fintech HR Tech

Founders & leadership

Kenneth O'Friel CEO & Co-founderKenneth O'Friel is CEO and founder of Toku, a payroll infrastructure platform that enables companies to compensate employees in stablecoins, fiat, or tokens through a single API integrated with systems like ADP, Gusto, and Workday, with tax compliance and employment law coverage across more than 100 countries.30 Under 30 2024

Dominika StobieckaCo-founder2021–202530 Under 30 2024

Investors · 16

Blockchain Capitallisted by Blockchain CapitalSan Francisco · $25K – $200K

How we know: fortune.com · blockchaincapital.com · Not right? Tell us

Firestreak Ventureslisted by Firestreak Ventures

How we know: Firestreak Ventures's portfolio page · Not right? Tell us

Winklevoss Capitallisted by Winklevoss CapitalNew York · $100K – $5M

How we know: winklevosscapital.com · Not right? Tell us

F-Prime CapitalreportedCambridge · $3M – $10M

How we know: prnewswire.com · Not right? Tell us

Funders Club ManagementreportedSan Francisco

How we know: prnewswire.com · Not right? Tell us

gmjpreportedWellesley

How we know: funding news · fortune.com · Not right? Tell us

Gradient VenturesreportedSan Francisco · $100K – $10M

How we know: funding news · prnewswire.com · Not right? Tell us

Honey Island CapitalreportedCuritiba · $200K – $1M

How we know: entnerd.com · Not right? Tell us

Next Web CapitalreportedTokyo

How we know: funding news · fortune.com · Not right? Tell us

Orange DAOreportedSan Francisco

How we know: fortune.com · Not right? Tell us

Quantstampreported

How we know: funding news · fortune.com · Not right? Tell us

ReveriereportedNew York

How we know: funding news · fortune.com · Not right? Tell us

Wollef VenturesreportedMexico City

How we know: prnewswire.com · Not right? Tell us

Y CombinatorreportedSan Francisco · $500K

How we know: prnewswire.com · Not right? Tell us

Also in the syndicate · 2

ClocktowerOrrick

Funding

SEC filings, press & company announcements

$57.3M disclosed across 2 of 3 rounds · 2023–2025

$48MSeries AApr 2025 · 2 sources
Clocktower, F-Prime Capital, Gradient Ventures, Honey Island, Y Combinator
Source ↗
$9.3MraisedApr 2024 · 2 sources
Gradient Ventures (lead), Clocktower, F-Prime Capital, Funders Club, Wollef, Y Combinator
Source ↗

Source: company announcements and press reports — follow each round's link for the claim.

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JetloreJetlore was a Palo Alto AI startup that turned unstructured retail product data into structured attributes so merchants could personalise what each shopper saw. Founded by Stanford researchers, it raised from Sierra Ventures, Alsop Louie Partners, Fenox Venture Capital, BRM Capital and Mercury Fund, and PayPal acquired it in 2018.

Companies working in the same space as Toku.

In the news

Toku secures $9.3 million in latest funding round led by Gradientprnewswire.com · Apr 2024

Frequently asked questions

What does Toku do?: Toku provides payroll infrastructure that lets companies pay teams in stablecoins, fiat, or tokens through a single API that integrates with existing systems like ADP, Gusto, and Workday. It handles tax compliance and employment law across more than 100 countries.
Who founded Toku?: Toku was founded by Kenneth O'Friel, Dominika Stobiecka.
Who are Toku's investors?: Toku's investors include Blockchain Capital, Firestreak Ventures, Winklevoss Capital, F-Prime Capital, Funders Club Management, gmjp, Gradient Ventures, Honey Island Capital and 6 more.
How much funding has Toku raised?: Toku has disclosed $57.3M raised across 2 of its 3 known rounds.
Where is Toku headquartered?: Toku is headquartered in New York, US.