/Investor DB

Toba Capital

Venture capital

Los Angeles · Pre-Seed–Series A · 7 people tracked

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Investment thesis

Toba Capital invests at the early stage in technology companies it believes can achieve long-term growth. The firm looks for teams with the potential to fundamentally shift markets, emphasizing a commitment to the common good alongside commercial success and helping build enduring technology businesses.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Series A
Check
$1M – $10M
HQ
Los Angeles, California, US
Leads rounds
Leads
Instruments
Equity
Founded
2012
Last 12 months
2 investments
AUM
$1.3B
Tracked investments
164
Unicorns
19
IPOs
9
Acquisitions
41

Team · 7 people

from the firm's website & public directories

What they invest in

from 126 of 164 portfolio companies

SaaS ×53AI & Machine Learning ×51Enterprise Software ×51Fintech ×22Consumer ×20Cybersecurity ×19Cloud Computing ×17Developer Tools ×15

HQs:United States×95Germany×2United Kingdom×2Brazil×1Indonesia×1India×1

Who they back

founder profiles across 75 portfolio companies
49%
solo founders
37 of 75 mapped founding teams
46%
repeat founders
of 94 founders with career history
~4 yrs
old at investment
median across 20 dated deals

Founding team size:solo founder×372 founders×243 founders×104+ founders×4

Where their founders studiedfrom 94 founders with education data

Stanford University ×10Massachusetts Institute of Technology ×6Harvard University ×4University of California, Berkeley ×4Cornell ×3Stanford University Graduate School of Business ×3The Hebrew University of Jerusalem ×3University of Chicago ×3

What their founders studiedfrom 90 founders with field-of-study data

Computer Science ×22Engineering ×20Business & Management ×13Physics ×12Economics ×11Mathematics & Statistics ×9Finance & Accounting ×8Humanities ×6

Where their founders worked beforefrom 94 founders with career history

Goldman Sachs ×4Google ×4IBM ×4Microsoft ×4Stanford University ×4McKinsey & Company ×3Aurora ×2Brella Space ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×9Techstars ×4

16 founders hold a PhD · 12 hold an MBA (of 92 with degree data)

Investments · 164 tracked

founders shown can be your intro path

By year:2026 · 12025 · 42024 · 22023 · 22022 · 32021 · 52020 · 32019 · 12018 · 12017 · 52016 · 32015 · 643 dated

Adageneadagene.cominNASDAQ: ADAG

Adagene is a clinical-stage immunotherapy company that uses computational biology and artificial intelligence to discover and design therapeutic antibodies for cancer treatment.

AI & Machine LearningBiotech

Co-investorsEight Roads VenturesF-Prime CapitalGeneral Atlantic

BillionToOnebilliontoone.comin𝕏NASDAQ: BLLN

BillionToOne is a precision diagnostics company that uses molecular counting technology to develop non-invasive prenatal screening and liquid biopsy tests for early disease detection.

BiotechDigital HealthHealthtechMedical DevicesSan Francisco, US

Oguzhan Atay(Co-Founder, CEO, and Board Chair)inDavid Tsao(Co-Founder, CTO, and Board Member)inSukrit Silas(Cofounder)in

Co-investors500 Emerging Europe500 GlobalAsymmetry VenturesCivilization Ventures Management, Llce2vcFifty Years+23 more

chimebank-ar21chime.comNASDAQ: CHYM

Chime is a US financial technology company offering fee-free checking and savings accounts, debit and credit-builder cards, early access to direct-deposited pay and no-fee overdraft cover.

San Francisco, US

Ryan King(Co-Founder)inChris Britt(CEO & Co-Founder)inKatherine Karas(Executive Officer)Matthew Newcomb(Executive Officer)in

BoardJim Feuille(Director)inShawn Carolan(Director)in

Co-investorsAccess Technology VenturesAdventure FundAliya Capital PartnersAmino CapitalAspect VenturesAurum+39 more

Coupangcoupang.comin𝕏NYSE: CPNG

Coupang operates an online retail platform and logistics network offering same-day and next-day delivery of general merchandise, fresh groceries, and luxury goods; provides restaurant delivery, video streaming, and digital payment services; and operates a marketplace connecting merchants and luxury brands with customers across multiple geographies.

E-commerceFintechLogistics & Supply ChainSeattle, US

Bom Kim(Chief Executive Officer and Chairman of the Board)

Co-investors137 VenturesCross Creek AdvisorsEntrée CapitalEvolution VC PartnersFJ LabsFounder Collective+16 more

Docusigndocusign.comin𝕏NASDAQ: DOCU

DocuSign provides AI-powered agreement management, electronic signature, and contract lifecycle management solutions for enterprises.

Enterprise SoftwareLegalTechSaaSSan Francisco, US

Tom Gonser(Director)inMike Dinsdale(Executive Officer)inNeil Hudspith(Executive Officer)inReggie Davis(Executive Officer)inKeith Krach(Executive Officer, Director)inAllan Thygesen(President, Chief Executive Officer)in

Co-investorsAccelAkkadian VenturesArtisanal VenturesAvant Global LLCBain Capital VenturesBessemer Venture Partners+31 more

FirstServicefirstservice.cominNASDAQ: FSV

FirstService is a publicly traded North American company that operates a group of property services businesses, spanning residential property management, restoration, fire protection, painting, home storage, flooring, and home inspection.

Construction TechPropTech

Onespanonespan.comin𝕏NASDAQ: OSPN

OneSpan provides digital identity verification, transaction signing, authentication, and mobile security solutions for financial institutions and professional services firms to secure digital agreements and transactions.

CybersecurityEnterprise SoftwareFintechSaaS

T. Kendall Hunt(Founder)inVictor Limongelli(Chief Executive Officer)inJorge Martell(Chief Financial Officer)inLara Mataac(General Counsel and Chief Compliance Officer)Shaun Bierweiler(Chief Revenue Officer)inAshish Jain(Chief Technology Officer)in

Co-investorsNotion Capital

Robinhoodrobinhood.comin𝕏NASDAQ: HOODAug 2019

Robinhood is a financial trading platform that enables users to manage portfolios across stocks, ETFs, cryptocurrencies, options, futures, and prediction markets.

FintechMenlo Park, US

Vlad Tenev(Co-founder, Chairman and CEO)inBaiju Bhatt(Co-founder)inJason Warnick(Chief Financial Officer)inGretchen Howard(Executive Officer)in

BoardScott Sandell(Director)inJan Hammer(Director)in

Co-investors1/1 CapitalACME CapitalAlgerAliya Capital PartnersAmplo VenturesAndreessen Horowitz+65 more

ScienceIOscience.ioinOct 2021✓ verifiedAcquired

ScienceIO offers an AI platform for interpreting healthcare data, including a product that converts unstructured medical text into structured data via an API and maps it to millions of medical concepts.

AI & Machine LearningData & InfrastructureDigital HealthHealthtech

Will Manidis(Founder, CEO)Gaurav Kaushik(Founder, President)

Co-investorsEarl Grey CapitalSwell PartnersAlt CapitalLachy GroomQuiet CapitalSection 32+11 more

Airformairform.space

Airform develops a liquid-cooling heat pump that uses water instead of refrigerants to heat and cool indoor spaces, with self-guided robotic installation, onboard sensors, and app-based control.

CleantechClimate TechHardware

Co-investorsAvila

Airtableairtable.comin𝕏acquired by Bending Spoons · Aug 2026 · $1.3B

Airtable is a San Francisco-based no-code platform that lets teams build apps and workflows on a flexible database.

AI & Machine LearningCloud ComputingEnterprise SoftwareSaaSSan Francisco, US

Howie Liu(Co-Founder and CEO)inAndrew Ofstad(Co-Founder)inEmmett Nicholas(Co-Founder and senior engineering leader)inAmbereen Toubassy(Chief Financial Officer)inPaul Ohls(Chief Revenue Officer)inDavid Azose(Chief Technology Officer)

Co-investorsBling CapitalBoxGroupCaffeinated CapitalCoatue ManagementCRV (Charles River Ventures)CSC Upshot+39 more

Alchemy 43alchemy43.com

Alchemy 43 offers aesthetic and self-care treatments, providing appointment-based cosmetic services to consumers.

ConsumerHealthtechWellness & Fitness

Nicci Levy(Founder)in

Co-investorsBAM VenturesClaritas CapitalExpansion Venture CapitalInnovation Global CapitalMucker CapitalREDO Ventures+2 more

Allen Control Systemsallencontrolsystems.com

Allen Control Systems develops autonomous precision weapon systems designed to counter unmanned aerial threats for military and allied forces.

AI & Machine LearningDefense TechRobotics

Mike Wior(CEO)Steve Simoni(President)inLuke Allen(CTO)

Co-investorsCapital FactoryCoalitionCraft VenturesForum VenturesInspired CapitalRally Ventures Management, Llc+4 more

alteryxalteryx.comin𝕏May 2017

Alteryx is a platform that automates data preparation, connection, and analysis using a no-code interface.

AI & Machine LearningData & InfrastructureEnterprise SoftwareIrvine, US

Dean A. Stoecker(Executive Officer, Director)Andy MacMillan(Chief Executive Officer)inJon Pexton(Chief Financial Officer)Nali Giliana(Chief Strategy Officer and Chief of Staff)inJill Bone(Chief People Officer)inSteven Birdsall(Chief Revenue Officer)in

Co-investorsAdams Street PartnersCathay InnovationConnetic VenturesContour Venture PartnersICONIQInsight Partners+3 more

Andurilanduril.comin

Anduril builds autonomous systems and software for defense and military applications, including attack aviation, unmanned aircraft, and underwater vehicles, unified by an autonomy platform.

AI & Machine LearningDefense TechHardwareRobotics

Palmer Luckey(Founder)inBrian Schimpf(CEO)inTrae Stephens(Founder)in

Co-investors137 Ventures1435 Capital1Flourish Capital8VCAliya Capital PartnersAltra Venture+103 more

AppHarborappharbor.com𝕏Defunct

AppHarbor is a cloud platform for hosting and monitoring .NET web applications, providing built-in performance metrics tracking, log management, and integration with third-party monitoring services like Librato.

Cloud ComputingData & InfrastructureDeveloper ToolsEnterprise SoftwareSaaSSan Francisco, US

Rune Soerensen(Founder/CEO)inMichael Friis(Founder)inTroels Thomsen(Founder)

Co-investorsY CombinatorAccelSalesforce VenturesSV Angel

Autopilotjoinautopilot.com𝕏

Autopilot is an investing app that lets users pick a curated portfolio (such as trackers following notable investors or fund managers) and connect their brokerage account, after which trades are executed automatically.

ConsumerFintechSaaS

Co-investorsEvolution VenturesNomad Venture Partners, LlcPath Ventures1982 VenturesTTV Capital

Backtrace𝕏acquired by Riverwood Capital

Sauce Labs operates a cloud-based continuous testing platform for web and mobile applications, offering automated testing across desktop operating systems, browsers, mobile emulators, simulators, and devices for development teams.

AI & Machine LearningCloud ComputingDeveloper ToolsSaaS

Co-investorsAmplify PartnersCenterview Capital TechnologyGreen Egg Ventures

Bedrock Energybedrockenergy.cominJul 2022 · $12M

Bedrock Energy develops drilling technology and data algorithms for designing and installing geothermal borehole fields used for building heating and cooling.

CleantechClimate TechEnergyLos Angeles, US

Silviu Livescu(Executive Officer)inJoselyn Lai(Executive Officer, Director)inJoel Wishkovsky(Executive Officer, Director)

BoardPaul Straub(Director)in

Co-investorsCantos VenturesDivergent CapitalEnergy Impact PartnersFirst Star VenturesThird DerivativeTitanium Ventures+5 more

Boulevardjoinblvd.cominSeries B · Nov 2020 · $27M

Boulevard is a cloud-based appointment scheduling and client management platform for beauty and wellness service businesses including spas, salons, barbershops, and medical spas.

Enterprise SoftwareSaaSWellness & Fitness

Matt Danna(Founder)in

Co-investorsAurumBonfire VenturesGray Line PartnersIndex VenturesJMI EquityLudlow Ventures+5 more

Brellahellobrella.comSeed · Jan 2022 · $5M

Brella operates childcare and early education centers offering flexible, part-time and full-time scheduling for families with infants and young children.

ConsumerEdTechLos Angeles, US

Darien WilliamsinMelanie Wolffin

Co-investorsChampion Hill VenturesDreamers VCHalogen Ventures Management Company LlcMothership VC

Brexbrex.comin𝕏acquired by Capital One · Jan 2026 · $5.2B

Brex provides financial services and software for companies, including corporate cards and expense management tools.

AI & Machine LearningEnterprise SoftwareFintechSaaSSan Francisco, US

Henrique Dubugras(Co-CEO)inPedro Franceschi(Co-founder & CEO)in

Co-investorsKleiner PerkinsY CombinatorDST GlobalRibbit CapitalTiger Global Management137 Ventures+64 more

Candidcandidco.comin

Candid develops clear aligner technology and offers remote monitoring services for dental professionals to deliver orthodontic treatment.

ConsumerDigital HealthHealthtechMedical Devices

Nick Greenfield(Co-founder & CEO)in

Co-investorsA-Rod CorpAverin CapitalBessemer Venture PartnersBeyond CapitalF-Prime CapitalFantail Ventures+9 more

Candidcandidwholesale.comin𝕏

Candid Wholesale offers a software platform that helps brands and retailers set up, manage, and grow their wholesale business online, serving companies from small boutiques to established brands.

B2B MarketplacesE-commerceRetail TechSaaSPortland, US

Avery Bloom(Founder)in

Co-investorsAmplify.LAFirst Row PartnersLong Way Ventures8VCCascade Seed FundDraft Ventures Llc+4 more

Clear Skyeclearskye.comin

Clear Skye provides identity and access governance software built natively on the ServiceNow platform.

CybersecurityEnterprise SoftwareSaaSEmeryville, US

Thomas Gryziec(Executive Officer, Director)Vahan Galachyan(Executive Officer, Director)inMichael Tweddle(Executive Officer, Director)in

BoardArun Penmetsa(Director)inRajan Aggarwal(Director)M. Brinkley Morse(Director)

Co-investorsInner Loop CapitalStorm Ventures

ClearSlideclearslide.com𝕏acquired by Corel

ClearSlide is a sales enablement platform that provides secure content management and collaboration tools for sales teams.

Enterprise SoftwareMarketing TechSaaSSales Tech

Climax Foodsclimax.bioinOct 2025

Climax (Bettani) develops dairy-free cheeses that match the taste, texture, melt and stretch of dairy cheese while providing 80–100% of the protein.

BiotechClimate TechFoodTech

Co-investorsArtis VenturesAt One VenturesUntapped VenturesValor Equity PartnersCanaccord Genuity GroupClimate Capital+6 more

Cloudantcloudant.comMay 2013 · $12Macquired by IBM

IBM Cloudant is a managed NoSQL database service based on Apache CouchDB, designed for building hyperscale, globally distributed applications with features including encryption, multi-region availability, full-text search, and geospatial indexing.

Cloud ComputingData & InfrastructureEnterprise SoftwareBoston, US

Michael Miller(Founder/Chief Scientist)inAlan Hoffman(Founder/Director of Product)inAdam Kocoloski(Founder/CTO)in

Co-investorsAvalon Ventures Management, LlcCarbide VenturesF-Prime CapitalY CombinatorDevonshire InvestorsIn-Q-Tel+2 more

Clover Healthcloverhealth.comin𝕏

Clover Health is a health insurance provider offering low-cost plans with minimal premiums, copays, and prescription drug costs.

Digital HealthHealthtechInsurTechJersey City, US

Vivek Garipalli(Executive Officer, Director)inAndrew ToyinKris Gale(Executive Officer, Director)

BoardNat Turner(Director)inMike Dixon(Director)Josh Kopelman(Director)in

Co-investorsArena VenturesBoxGroupFirst Round CapitalFloodgateGV (Google Ventures)Lifeforce Capital+8 more

Cockroach Labscockroachlabs.comin𝕏

CockroachDB is a distributed SQL database designed for enterprise applications that require high availability and global scalability.

Cloud ComputingData & InfrastructureEnterprise SoftwareNew York, US

Spencer Kimball(Founder)inPeter Mattis(Founder)in

Co-investorsBond Capital ManagementCoatue ManagementFirstMark CapitalG SquaredGV (Google Ventures)In-Q-Tel+12 more

Codenvycodenvy.comin𝕏Feb 2013 · $9Macquired by Red Hat

Red Hat provides developer tools for building applications on Kubernetes and OpenShift, focusing on cloud-native development workflows with reduced friction from code to production.

AI & Machine LearningCloud ComputingDeveloper Tools

Co-investorsHeavybitXAngeAuriga Partners

Conversicaconversica.comin

Foster City, US

G. Alex Terry(Chief Executive Officer)inJason Lund(Chief Financial Officer, Treasurer and Secretary)inEric Filipek(Director)Dan Fishback(Director)Benjamin Brigham(Director)Jared Keller(Director)

Co-investorsAlumni VenturesSavano Capital Partners

Coupacoupa.comin𝕏May 2015

Coupa provides an AI-native platform for business spend management, covering procurement, finance, and supply chain operations for enterprises.

AI & Machine LearningEnterprise SoftwareFintechSaaSSan Mateo, US

Jon Stueve(Executive Officer)inRob Bernshteyn(Chief Executive Officer & Chairman)in

BoardJonathan Ebinger(Director)inBryan Stolle(Director)inNeeraj Agrawal(Director)inCharles Beeler(Director)

Co-investorsBattery VenturesBlueRun VenturesBright Pixel CapitalCapitalGCraft VenturesCrosslink Capital+15 more

Cox Enterprisescoxenterprises.comin𝕏

Cox Enterprises invests strategically across diverse industries through multiple vehicles including Socium Ventures, a venture capital fund, and Cox Exponential (CX2), an AI-focused accelerator and venture studio.

AgTechAI & Machine LearningCleantechEdTechEnterprise SoftwareImpact & Social GoodMedia & EntertainmentSector AgnosticAtlanta, US

Alex Taylor(Chairman and CEO)inAndrew Davis(Managing Partner at Socium Ventures and SVP of Strategy and Investments at Cox Enterprises)in

Co-investorsCota CapitalTeamworthy Ventures

DataRobotdatarobot.comin𝕏

DataRobot develops an AI and machine learning platform that automates model development and deployment for enterprises.

AI & Machine LearningData & InfrastructureDeveloper ToolsEnterprise SoftwareBoston, US

Jeremy Achin(Executive Officer, Director, Promoter)inTom de Godoy(Co-Founder and Former Chief Technology Officer)in

BoardHarry Weller(Director)Christopher Lynch(Director)in

Co-investors515 VenturesAliya Capital PartnersAMK Investment OfficeB Capital GroupB4 CapitalBallistic Ventures+44 more

Dattodatto.comin𝕏Dec 2014acquired by Kaseya

Datto provides cloud-based security and software solutions for Managed Service Providers (MSPs) serving small and medium businesses, including unified continuity, networking, endpoint management, and business management capabilities.

Cloud ComputingCybersecurityEnterprise SoftwareSaaSMiami, US

Austin McChord(Executive Officer, Director)inMichael Fass(Executive Officer)in

BoardStephen Herrod(Director)Holt McChord(Director)Paul Sagan(Director)Ian McChord(Director)

Co-investorsGeneral CatalystGolub GrowthM33 GrowthVista Equity PartnersBenchstrength PartnersConnecticut Innovations+8 more

David Energydavidenergy.comin𝕏

David Energy builds technology to enable electricity grids powered by 100% clean, renewable energy.

CleantechClimate TechEnergyHardwareNew York, US

James McGinniss(Executive Officer, Director)inAhmed Salman(Executive Officer)inBrian Maxwell(Executive Officer, Director)in

Co-investorsAlumni VenturesBlue Ivy VenturesBoxGroupCathay InnovationDesigner FundEqual Ventures+8 more

Deliveroodeliveroo.co.ukin𝕏Acquired

Deliveroo operates a food delivery platform and app that lets consumers order meals from local restaurants, with order tracking and deals.

FoodTechLogistics & Supply ChainMarketplacesLondon, GB

Will Shu(Founder)

Co-investorsAccelAngel Capital ManagementBlue Wire CapitalEntrée CapitalFELIX CAPITALGeneral Catalyst+10 more

DermBiontdermbiont.comin

DermBiont develops SM-030, a topical drug candidate targeting melasma, a skin pigmentation disorder, by inhibiting PKC-beta to address the underlying cause of hyperpigmentation.

BiotechDigital HealthMedical DevicesBoston, US

Robert Brucker(Executive Officer)inKarl R. Beutner(Executive Officer, Director)inNichola Eliovits(Executive Officer, Director)inMax Dawson(Executive Officer)in

BoardWilder Ramsey(Director)inJennifer Lee(Director)

Co-investorsCivilization Ventures Management, LlcJoyance PartnersOlive Tree CapitalStart CapitalValia VenturesAtaraxia VC+2 more

Directlydirectly.com

On-demand business apps that scale customer support via expert contributors, integrating with major helpdesk software.

San Francisco, US

Antony Brydon(Executive Officer, Director)Jeff Patterson(Executive Officer, Director)

BoardGreg Sands(Director)in

Co-investorsFamily Angel Management FundM12 (Microsoft's Venture Fund)Triangle Peak PartnersVARSHA RAOCostanoa Venture CapitalCostanoa Ventures+2 more

Domu Technology Inc.domu.aiin

Domu builds AI-powered collections software for financial services companies to recover payments while maintaining compliance and treating customers respectfully.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareFintechSan Francisco, US

Nick Diaz(Founder)inCamila Zancanella(Founder)in

Co-investorsY CombinatorJude GomilaRitual CapitalTranspose Platform ManagementCanaan PartnersStandard Capital

Dryad Networks GmbHdryad.netin𝕏

Dryad develops forest fire detection solutions using IoT and sensor technology to provide early warning systems for wildfire prevention.

AgTechClimate TechDeep TechHardwareIoT

Carsten Brinkschulte(CEO)in

BoardRené Wienholtz(Chairman)

Co-investorsAurelia VenturesBrandenburg KapitalData TechFirst Imagine!JunipereCAPITAL ENTREPRENEURIAL PARTNERS

Dune Securitydune.securityin𝕏Apr 2025

Dune Security provides a User Adaptive Risk Management platform that simulates social engineering attacks across email, SMS, voice, video, and encrypted messaging apps, scores individual user risk from behavioral and security-stack signals, and automatically adapts training and security controls.

AI & Machine LearningCybersecurityEnterprise SoftwareNew York City, US

David DellaPelle(Founder)inMichael Waite(Founder)in

Co-investorsAlumni VenturesCraft VenturesFirestreak VenturesMassMutual VenturesAntler

Ecosafiecosafi.com

EcoSafi provides clean-burning biomass pellet fuel and free-leased cooking stoves for households and commercial customers, offering a lower-cost, lower-emission alternative to charcoal and LPG.

CleantechClimate TechEnergy

Co-investorsGlobal PartnershipsLowercarbon CapitalMulago FoundationUnruly Capital

Eqteqt.comin𝕏

EQT is an energy company that produces natural gas and operates midstream infrastructure and carbon capture utilization and storage (CCUS) facilities to deliver cleaner and more reliable energy.

EnergyPittsburgh, US

Toby Z. Rice(President and Chief Executive Officer)Jeremy T. Knop(Chief Financial Officer)Lesley Evancho(Chief Human Resources Officer)Todd M. James(Chief Accounting Officer)Sarah Fenton(Executive Vice President Upstream)William E. Jordan(Chief Legal and Policy Officer)

Ethosethos.comin𝕏

Ethos provides online life insurance that customers can purchase entirely through a digital platform without the traditional lengthy application process.

FintechInsurTech

Lingke Wang(Co-founder)Peter Colis(Co-founder)inLingke W.(Founder)in

Co-investorsAccelAdit Ventures Management, LlcEvolution VC PartnersFlying Fish VenturesFounders Circle CapitalGeneral Catalyst+17 more

Euclideuclid.vcinJan 2011

Euclid is a venture capital firm focused on Vertical AI, providing research-driven insights and investing in companies building vertical AI software.

AI & Machine LearningPalo Alto, US

William Smith(Executive Officer, Director)inNic Poulos(Founder)in

BoardMichael Dearing(Director)Patrick Chung(Director)

Co-investorsDeep AcreXG VenturesBenchmarkCommonweal VenturesDesigner FundSpero Ventures+1 more

Euclid Powereuclidpower.cominSep 2025

Euclid provides software and services for renewable energy teams, including a platform that extracts and structures data from project documents into costs, risks, requirements, and action items.

CleantechClimate TechEnergySaaSNew York City, US

Jacob Sandry(Cofounder)inBrian DeMaio(Founder)inRyan Guay(Founder)in

Co-investorsBridges Fund Management Ltd.Coalition OperatorsCommonweal VenturesDesigner FundNextView VenturesSpero Ventures+3 more

Finless Foodsfinlessfoods.comin

Finless Foods develops cell-cultivated seafood alternatives, starting with Pacific bluefin tuna, aimed at consumers seeking sustainable options that reduce pressure on wild fish stocks.

BiotechClimate TechFoodTech

Brandon Chen(Co-Founder & CEO)inBrian Wyrwas(Co-Founder & CSO)inMichael Selden(Co-Founder & Advisor)in

Co-investorsAt One VenturesAurum Venture PartnersBabel VenturesBlue Horizon CorporationBlue Revolution Investments G.P.Draper Associates+11 more

Floqastfloqast.comin𝕏Series B · Jul 2017 · $25M

FloQast provides reconciliation management and workflow automation software for accounting teams, designed by accountants to streamline financial processes and improve productivity.

AI & Machine LearningConsumerEnterprise SoftwareFintechFoodTechSaaS

Mike Whitmire(Founder)inChris Sluty(Founder)inKushal Malde(Head of Financial Control)in

Co-investorsAmplify.LAICONIQInsight PartnersLeft Lane CapitalNewView CapitalNorwest Venture Partners+9 more

Flow Labsflowlabs.aiin

Flow develops a geospatial AI platform that optimizes transportation networks by processing real-time roadway data to improve traffic flow, reduce congestion, and enhance safety for drivers, fleet operators, and transportation agencies.

AI & Machine LearningEnterprise SoftwareMobility & TransportationOakland, US

Jatish Patel(Founder)in

Co-investorsAvilaBlank Space VenturesCerity Partners VenturesInterlock CapitalResolute VenturesRiverPark Ventures+1 more

ForeScout Technologies, Inc.forescout.comin𝕏Nov 2015Acquired

Forescout provides cyber-physical systems security and network access control solutions for IoT, OT, and medical device environments.

AI & Machine LearningCybersecurityEnterprise SoftwareIoTMedical DevicesPlano, US

Yehezkel Yeshurun(Director)inBarry Mainz(Chief Executive Officer)inRob Gillespie(Chief Financial Officer)inRob Amezcua(Chief Revenue Officer)inJ.P. Asta(Chief Customer Officer)Edward Brown(Chief Legal Officer)

Co-investorsAccelAcrew CapitalAspect VenturesCross Creek AdvisorsFounders Circle CapitalOwl Capital+4 more

Funraisefunraise.orgin𝕏

Funraise is an all-in-one fundraising platform for nonprofits that combines online giving, donor relationship management, and campaign tools.

FintechImpact & Social GoodMarketing TechSaaS

JustinJasonTony

Co-investorsImmeasurable

Growgrow.comin𝕏acquired by Epicor Software Corp.

Grow offers a no-code business intelligence platform that combines ETL, data warehousing, visualization, and alerts, letting teams connect and blend data from 100+ sources and build dashboards and KPI metrics without SQL.

Data & InfrastructureEnterprise SoftwareSaaS

Co-investorsKickstartBCIMenlo VenturesSignalFireTCVTRANSFORMATION CAPITAL

Happy Moneyhappymoney.comin𝕏

Happy Money is a consumer finance company that provides a fully digital loan origination platform for personal loans, serving both consumers and financial institutions like credit unions, banks, and asset managers seeking to scale their lending programs.

ConsumerFintechSaaS

Co-investorsConconi Growth PartnersGreat Oaks Venture CapitalInnovate PartnersTruStage VenturesSparkLabs Global Ventures

Haystackusehaystack.ioin𝕏

Haystack connects to Git and Jira to help engineering teams automate best practices, track capacity, and generate reports across the planning, execution, and delivery lifecycle.

Developer ToolsEnterprise SoftwareSaaSSan Francisco, US

Julian Colina(Founder)inKan Yilmaz(Founder)in

Co-investorsEntrepreneur FirstFundersClubImmeasurableSoma CapitalY CombinatorAltaIR Capital+5 more

Human Interesthumaninterest.comin𝕏

Human Interest provides a software platform for 401(k) retirement savings plans, designed to help small and mid-sized businesses offer affordable retirement benefits to their employees.

Enterprise SoftwareFintechHR TechSaaSSan Francisco, US

Roger Lee(Founder/CEO)inPaul Sawaya(Founder/CTO)inJeff Schneble(Executive Officer, Director)inTripp Faix(Executive Officer)in

BoardJohn Flynn(Director)Jacob Flomenberg(Director)

Co-investorsAlumni VenturesBetter Tomorrow VenturesFundersClubGlynn Capital ManagementGreat Oaks Venture CapitalImmeasurable+32 more

Hyperproofhyperproof.ioin𝕏

Hyperproof is a governance, risk, and compliance (GRC) platform that automates compliance management and audit workflows for organizations.

AI & Machine LearningCybersecurityEnterprise SoftwareSaaSBellevue, US

Craig Unger(Founder)

Co-investorsForgePoint CapitalRiverwood CapitalStorm Ventures

Infocyteinfocyte.comFeb 2018 · $5.2Macquired by Datto

San Antonio, US

Christopher Gerritz(Executive Officer, Director)Ryan Morris(Executive Officer, Director)

BoardVenu Shamapant(Director)inNick Hollis(Director)

Co-investorsLiveOak Venture PartnersLiveOak Ventures

JasperSoftjaspersoft.comacquired by TIBCO

Co-investorsCanvas VenturesSapphire VenturesMorgenthalerScale Venture Partners

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

PatientPopSupply Chain AnalyticsAlchemy43BalloonCatavoltCirroClearSkyeContract NetworkCuratedDataguiseDryadExcision BioHappyMoneyNetezzaPdiReach150RocanaSamplyaudioSauce HoldingsTava HealthTraceUp

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 50

9 IPOs · 41 acquisitions · showing 42

AdageneNASDAQ: ADAGBillionToOneNASDAQ: BLLNchimebank-ar21NASDAQ: CHYMCoupangNYSE: CPNGDocusignNASDAQ: DOCUFirstServiceNASDAQ: FSVOnespanNASDAQ: OSPNRobinhoodNASDAQ: HOODAirtableacq. by Bending SpoonsBacktraceacq. by Riverwood CapitalBrexacq. by Capital OneCatavoltacq. by HexagonClearSlideacq. by CorelCloudantacq. by IBMCodenvyacq. by Red HatDataguiseacq. by PKWAREDattoacq. by KaseyaGrowacq. by Epicor Software Corp.Infocyteacq. by DattoJasperSoftacq. by TIBCOKorrioacq. by Waud CapitalMakaraacq. by Red HatNetezzaacq. by IBMNetwrixacq. by TA AssociatesNextVRacq. by AppleNianticacq. by Scopely, Inc.Pachamaacq. by Carbon DirectParsec Labsacq. by Pure StoragePerimeter 81acq. by Check Point SoftwareProvendbacq. by OnespanReach150acq. by SmartZip AnalyticsSecureAuthacq. by K1 CapitalSIMULATEacq. by Ahimsa CapitalSmarshacq. by K1 CapitalSmartBearacq. by Francisco PartnersSmartZip Analyticsacq. by Constellation SoftwareStella Connectacq. by MedalliaSynoptekacq. by SvericaThe Contract Networkacq. by WCGTransifexacq. by PARC PartnersTrustaracq. by SplunkWritacq. by Ninetailed

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Toba Capital made?
Toba Capital has 164 tracked investments, 50 of which have exited, including 5 dated in the last 24 months.
What stage does Toba Capital invest at?
Toba Capital invests at the Pre-Seed, Seed, Series A stages.
What is Toba Capital's typical check size?
Toba Capital typically writes checks of $1M – $10M.
What sectors does Toba Capital focus on?
Toba Capital focuses on Enterprise Software, Sector Agnostic.
Where is Toba Capital located?
Toba Capital is headquartered in Los Angeles, US.
Does Toba Capital lead rounds?
Yes, Toba Capital leads investment rounds.
Who does Toba Capital co-invest with?
Toba Capital most often shares deals with Y Combinator, Alumni Ventures, Norwest Venture Partners, among 529 tracked co-investors.

Media · Podcasts & interviews

featuring the team

WE ARE THE FUTURE IN TECH / Susan Su - Toba Capital

2050NOW La Maison · Susan Su

Meet the Investor #2 - Patrick Mathieson, Toba Capital

Start-up Society · Patrick Mathieson

When Pitching Your Startup, Remember to Relax | Toba Capital VC Patrick Mathieson

DraperTV · Patrick Mathieson

Here's What to Avoid During a Pitch to Venture Capitalists | Toba Capital VC Patrick Mathieson

DraperTV · Patrick Mathieson

Always Research Who You are Pitching to BEFORE You Pitch | Toba Capital VC Patrick Mathieson

DraperTV · Patrick Mathieson

Co-investors · 12

Insight Partners

Insight Partners is an investment firm focused on accelerating revenue and profit growth in software companies, providing capital and operational support through its Insight Onsite team.

$120M – $350M
Norwest Venture Partners

Norwest is a venture capital and growth equity investment firm that has backed over 700 companies across technology, consumer, and healthcare over its 65-year history.

$10M – $30M
Alumni Ventures

Alumni Ventures (AV) is a venture capital firm that co-invests alongside lead VCs in startups, backing founders with capital and access to a large investor and operator community.

$100K – $10M
Index Ventures

Index Ventures is a venture capital firm that backs founders across industries and geographies, emphasizing the people behind ideas as much as the businesses themselves.

$540K – $10.8M
Primary Venture Partners

Primary Venture Partners is a seed-stage venture fund that backs founders at the earliest moments, combining deep sector specialization with a large operating team that provides hands-on support.

$1M – $3M
Bonfire Ventures

Bonfire Ventures is a seed-stage venture capital firm that backs founders reinventing how business operates, leading seed rounds in AI-native B2B software.

Both backed · 2
$2M – $6M
Vivo Capital

Vivo Capital is a global healthcare-focused investment firm operating a multi-strategy platform spanning venture capital, private equity, and public equity. It aims to expand healthcare access and drive innovation through its 'Ecosystem Strategy.'

$10M – $50M
Brand Foundry Ventures

Brand Foundry Ventures is a consumer product-only seed investor that focuses exclusively on "things you can see, touch, feel, and interact with" rather than software, targeting sustainable $250M-$750M outcome brands instead of chasing billion-dollar unicorns. The firm was born from Andrew Mitchell's successful angel investments in Warby Parker, Birchbox, Harry's, and Peloton, and maintains an unusually hands-on approach through their "People/Product/Pipeline" framework that requires founders to think as deeply about supply chain and margins as they do about design and marketing.

Both backed · 1
$500K – $1.5M
Dynamo Ventures

Dynamo backs founders building and upgrading the physical economy, investing from inception through seed across supply chain, advanced transportation, manufacturing, energy, and industrial infrastructure.

Both backed · 1
$500K – $2.5M
Hatteras Venture Partners

Hatteras Venture Partners is a venture capital firm focused on early-stage life sciences and healthcare companies, backing therapeutics, diagnostics, and businesses aiming to transform healthcare delivery and innovation.

Both backed · 1
$500K – $4M
Operator LP

Operator Partners is an investment firm run by operators that invests its own capital in technology companies from inception through Series B.

$200K – $500K
Cambridge Innovation Capital

Cambridge Innovation Capital (CIC) is a UK-based venture capital firm backing entrepreneurs in life sciences and deep tech, leveraging its position in the Cambridge science and technology ecosystem.

$127K – $12.7M

Firms observed investing alongside Toba Capital, from public investor directories. Shared companies are the overlap with Toba Capital's recorded portfolio.

Similar investors

4Di Capital

4DI Ventures was co-founded by repeat tech operator and ESET Southern Africa founder Justin Stanford, giving it unusually deep cybersecurity and software operating experience rather than a purely financial background, and originated from Stanford's own angel-investing experiments that directly led to both the firm's creation and the launch of the Silicon Cape Initiative. The firm explicitly describes its style as "nurture capital" with intensive, hands-on engagement, and Stanford is vocal about avoiding the "unicorn at all costs" mentality in African tech, instead emphasizing sustainable market readiness and fundamentals in a more conservative, durability-focused investment approach.

$100K – $1M
8VC

8VC is a venture capital firm investing across logistics, life sciences, healthcare, IT infrastructure, and government/defense, guided by its Smart Enterprise thesis focused on data integration and platform network effects.

$500K – $50M
AirTree Ventures

AirTree Ventures runs Pathfinders, a free four-week in-person program in Sydney for young builders (high-school graduates up to age 23) to work on a real product, access the AirTree team and founders, and build a peer network.

$132K – $16.5M
August Capital

August Capital is a venture capital firm that invests in a small number of companies, providing hands-on support to entrepreneurs building their businesses.

$1M – $15M
B Capital Group

B Capital is a global investment firm backing early to late-stage technology innovators across technology, healthcare, and energy & resilience sectors.

$10M – $50M

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