Fundraising Fox

Toba Capital

Venture capital

Irvine · Pre-Seed–Series A · 8 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
Irvine, California, US
Leads rounds
Leads
Instruments
Equity
Founded
2012
Last 12 months
1 investment
AUM
$1.3B
Tracked investments
148

Team · 8 people

from the firm's website & public directories

What they invest in

from 116 of 148 portfolio companies

SaaS ×46AI & Machine Learning ×44Enterprise Software ×44Cybersecurity ×18Consumer ×17Fintech ×17Cloud Computing ×15Healthtech ×12

HQs:United States×74United Kingdom×2Indonesia×1India×1Kenya×1Portugal×1

Who they back

founder profiles across 59 portfolio companies
49%
solo founders
29 of 59 mapped founding teams
46%
repeat founders
of 56 founders with career history

Founding team size:solo founder×292 founders×183 founders×94+ founders×3

Where their founders studiedfrom 50 founders with education data

Stanford University ×5The Hebrew University of Jerusalem ×3University of California, Berkeley ×3University of Chicago ×3Bucknell University ×2Harvard Business School ×2Harvard University ×2Massachusetts Institute of Technology ×2

Where their founders worked beforefrom 56 founders with career history

Goldman Sachs ×3Aurora ×2Cyberstarts ×2e2vc ×2Gin Lane Media ×2IDF ×2McKinsey & Company ×2National Energy Partners ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×9Techstars ×2

4 founders hold a PhD · 8 hold an MBA (of 50 with degree data)

Investments · 148 tracked

founders shown can be your intro path

By year:2025 · 22024 · 12023 · 12022 · 12021 · 22017 · 12015 · 52014 · 22011 · 116 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, PhD(Co-Founder, CEO, and Board Chair)David Tsao, PhD(Co-Founder, CTO, and Board Member)Oguzhan Atay(Founder)inDavid Tsao(Founder/CTO)inSukrit Silas(Cofounder)

Co-investors500 Emerging Europe500 GlobalAsymmetry VenturesCivilization Ventures Management, Llce2vcFifty Years+15 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)Neil Hudspith(Executive Officer)Reggie Davis(Executive Officer)Keith Krach(Executive Officer, Director)Allan Thygesenin

Co-investorsBain Capital VenturesBessemer Venture PartnersComcast VenturesDraper AssociatesLinus VenturesScale Venture Partners+9 more

Ethosethoslife.comin𝕏NASDAQ: LIFE

Ethos provides online life insurance that can be purchased entirely digitally, partnering with established insurance carriers.

InsurTech

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

Co-investorsAdit Ventures Management, LlcEvolution VC PartnersFlying Fish VenturesGeneral CatalystGlynn Capital ManagementNimble Partners+7 more

FirstServiceNASDAQ: FSV
Onespanonespan.comin𝕏NASDAQ: OSPN

OneSpan provides authentication, fraud prevention, and transaction security to protect user identities, mobile apps, and access, alongside digital agreement tools such as eSignatures, identity verification, and smart digital forms.

CybersecurityEnterprise SoftwareSaaS

ScienceIOscience.ioin✓ 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+6 more

PatientPopNov 2015SEC filingmedium confidence

Santa Monica, US

Luke Kervin(Executive Officer, Director)Travis Schneider(Executive Officer, Director)

BoardKyle Armbrester(Director)

Board seatPatrick Mathieson· per SEC Form D · $10M raise · filed Nov 2015

Supply Chain AnalyticsMay 2024SEC filingmedium confidence

Portland, US

Michael Avery Bloom(Executive Officer, Director, Promoter)

Board seatPatrick Mathieson· per SEC Form D · $650K raise · filed May 2024

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

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)Luke Allen(CTO)

Co-investorsCapital FactoryCoalitionCraft VenturesForum VenturesInspired CapitalRally Ventures Management, Llc+3 more

Alteryx
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)Brian Schimpf(CEO)inTrae Stephens(Founder)in

Co-investors137 Ventures1Flourish Capital8VCAltra VentureAndreessen HorowitzAnorak Ventures+82 more

Backtracein𝕏acquired 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

Balloon
Bedrock Energybedrockenergy.comJul 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 VenturesEnergy Impact PartnersFirst Star VenturesTitanium VenturesWireframe VenturesClimate Capital+4 more

Boulevardjoinblvd.comin

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+2 more

Brellahellobrella.com

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 WilliamsMelanie Wolff

Co-investorsChampion Hill VenturesDreamers VCHalogen Ventures Management Company Llc

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-founder & co-CEO)inPedro Franceschi(Co-founder & CEO)in

Co-investorsKleiner PerkinsY CombinatorDST GlobalRibbit CapitalTiger Global Management137 Ventures+29 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)

Co-investorsFirst Row PartnersLong Way Ventures8VCAmplify.LACascade Seed FundOak HC/FT+3 more

Catavoltacquired by Hexagon
Chimechime.com

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(Co-founder & CEO)in

Co-investorsAmino CapitalAspect VenturesCathay InnovationClocktower VenturesCoatue ManagementCrosslink Capital+18 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)Michael Tweddle(Executive Officer, Director)

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

Co-investorsInner Loop CapitalStorm Ventures

ClearSlideclearslide.comin𝕏acquired by Corel

ClearSlide is a sales engagement platform that combines content management, integrated communications (email, screen share, mobile, in-person), real-time engagement analytics, and guided selling for sales and marketing teams.

Marketing TechSaaSSales Tech

Cloudantcloudant.cominAcquired

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 Combinator

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)Andrew ToyinKris Gale(Executive Officer, Director)

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

Co-investorsFirst Round CapitalFloodgateGV (Google Ventures)Lifeforce CapitalRefactor CapitalSequoia Capital+1 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)

Co-investorsCoatue ManagementFirstMark CapitalG SquaredGV (Google Ventures)In-Q-TelIndex Ventures+11 more

Codenvycodenvy.comin𝕏acquired by Red Hat

Cloud ComputingDeveloper Tools

Co-investorsHeavybitXAnge

Conversicaconversica.comin

Foster City, US

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

Co-investorsSavano 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)Rob Bernshteyn(Chief Executive Officer & Chairman)in

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

Co-investorsBattery VenturesBright Pixel CapitalCapitalGCraft VenturesCrosslink CapitalElevate Innovation Partners+12 more

Cox Enterprisescoxenterprises.comin𝕏

Cox Enterprises is a family-owned holding company, founded in 1898, with operations spanning automotive services, broadband and communications, greenhouse agriculture, clean technology, conservation, media/journalism, and outdoor adventure.

CleantechMedia & EntertainmentSector AgnosticAtlanta, US

Co-investorsCota CapitalTeamworthy Ventures

Curatedcurated.com

Co-investorsGeneral Partnership

Data & Security Earlytrustar.coin𝕏Acquired

TruSTAR provides intelligence management technology that automates data orchestration to centralize and normalize security intelligence across security operations.

CybersecurityData & InfrastructureEnterprise SoftwareSan Francisco, US

Paul Kurtz(Executive Officer, Director, Promoter)

BoardPatrick Coughlin(Executive Officer, Promoter)

Co-investorsAcrew CapitalAkkadian VenturesAspect VenturesAugust CapitalCRV (Charles River Ventures)Heavybit+6 more

Dataguiseacquired by PKWARE
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)inThomas de Godoy(Executive Officer, Director, Promoter)Tom de Godoy(Co-Founder and Former Chief Technology Officer)in

BoardHarry Weller(Director)Christopher Lynch(Director)

Co-investorsAMK Investment OfficeB Capital GroupB4 CapitalBallistic VenturesCisco InvestmentsConnetic Ventures+27 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)Michael Fass(Executive Officer)

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

Co-investorsGolub GrowthM33 GrowthConnecticut InnovationsfuturepresentGeneral CatalystGlynn Capital Management+3 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)Brian Maxwell(Executive Officer, Director)

Co-investorsCathay InnovationDesigner FundEqual VenturesGreat Oaks Venture CapitalJetstreamLorimer Ventures+3 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

Co-investorsAccelEntrée CapitalFELIX CAPITALHoxton VenturesIndex VenturesNGP Capital+5 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)Karl R. Beutner(Executive Officer, Director)Nichola Eliovits(Executive Officer, Director)inMax Dawson(Executive Officer)

BoardWilder Ramsey(Director)inJennifer Lee(Director)

Co-investorsCivilization Ventures Management, LlcJoyance PartnersOlive Tree CapitalStart CapitalValia VenturesNewpath Partners

Directlydirectly.com

San Francisco, US

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

BoardGreg Sands(Director)in

Co-investorsM12 (Microsoft's Venture Fund)Costanoa Venture CapitalCostanoa VenturesCrunchFundTrue Ventures

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 CombinatorRitual CapitalTranspose Platform Management

Drinktractordrinktractor.comin𝕏

Tractor makes craft beverages made with organic ingredients, offering tools like a product finder and an organic impact tracker.

ConsumerDirect to ConsumerFoodTech

Dryad Networks GmbHdryad.netin𝕏

Dryad builds ultra-early wildfire detection systems, including solar-powered AI gas sensors (Silvanet) connected via LoRaWAN mesh networks and a cloud platform for planning, analytics and alerting, plus autonomous observation and suppression drones (Silvaguard).

Climate TechHardwareIoT

Co-investorsBrandenburg KapitalData TechFirst Imagine!Juniper

Dune Securitydune.securityin𝕏

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-investorsCraft VenturesFirestreak VenturesMassMutual Ventures

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-investorsUnruly Capital

Eqteqt.comin𝕏

EQT Corporation is a large-scale, vertically integrated natural gas producer operating in the Appalachian region of the United States.

Energy

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)Nic Poulos(Founder)in

BoardMichael Dearing(Director)Patrick Chung(Director)

Co-investorsDeep AcreCommonweal VenturesDesigner FundSpero VenturesVenrock

Euclid Powereuclidpower.cominSep 2025

Euclid Power provides software and technical services that help renewable energy teams organize project documents, convert them into structured verified data, and manage projects across their lifecycle.

CleantechEnergySaaSNew York City, US

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

Co-investorsBridges Fund Management Ltd.Coalition OperatorsCommonweal VenturesDesigner FundNextView VenturesSpero Ventures+1 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)Brian Wyrwas(Co-Founder & CSO)Michael Selden(Co-Founder & Advisor)

Co-investorsAt One VenturesAurum Venture PartnersBabel VenturesBlue Horizon CorporationBlue Revolution Investments G.P.Draper Associates+8 more

Floqastfloqast.comin𝕏

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+5 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-investorsAvilaInterlock CapitalResolute Ventures

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)Barry Mainz(Chief Executive Officer)inRob Gillespie(Chief Financial Officer)Rob Amezcua(Chief Revenue Officer)J.P. Asta(Chief Customer Officer)Edward Brown(Chief Legal Officer)

Co-investorsAccelAcrew CapitalAspect VenturesCross Creek AdvisorsFounders Circle CapitalOwl Capital+2 more

Funraisefunraise.orgin𝕏

Funraise provides fundraising software for nonprofits, offering tools for donor management, email outreach, automation, tracking, and reporting.

Impact & Social GoodMarketing TechSaaS

Co-investorsImmeasurable

Growgrow.comin𝕏acquired by Epicor

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 Money Exits falsehappymoney.comin𝕏

Happy Money offers personal loans between $5,000 and $50,000, marketed primarily to consumers looking to pay off credit card debt.

ConsumerFintech

Co-investorsGreat Oaks Venture CapitalTruStage 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 FirstImmeasurableY CombinatorDay One Ventures

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 · 36

IPOs and acquisitions across the tracked portfolio

AdageneNASDAQ: ADAGBillionToOneNASDAQ: BLLNCoupangNYSE: CPNGDocuSignNASDAQ: DOCUEthosNASDAQ: LIFEFirstServiceNASDAQ: FSVOnespanNASDAQ: OSPNBacktraceacq. by Riverwood CapitalBrexacq. by Capital OneCatavoltacq. by HexagonClearSlideacq. by CorelCodenvyacq. by Red HatDataguiseacq. by PKWAREDattoacq. by KaseyaGrowacq. by EpicorInfocyteacq. by DattoJasperSoftacq. by TIBCOKorrioacq. by Waud CapitalNetwrixacq. 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 PartnersWritacq. by Ninetailed

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Toba Capital made?
Toba Capital has 126 tracked investments, 33 of which have exited via acquisition or IPO.
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 Irvine, 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, Index Ventures, Insight Partners, among 458 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 Venture Partners is an investment firm whose growth equity team backs private, profitable, fast-growing companies, providing capital and hands-on support through its 'invited guest' approach.

$10M – $30M
Index Ventures

Index Ventures is a multi-stage venture capital firm that backs companies from Seed to IPO and beyond, including through its dedicated seed fund Index Origin.

$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 – $4M
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
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
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
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
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.

$500K – $1.5M
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.

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