About Toloka
Toloka, established in 2023, is an angel investment group based in Kyiv, Ukraine. It primarily focuses on Series A investments in companies in United States. Its portfolio includes 16 firms, spanning the Consumer, Enterprise Applications sectors. Its most notable investments include companies like Bolt, TONIK and Scale AI. As of Oct 2026, Toloka has 2 unicorns under its belt. Its latest investment was a Undisclosed Series B round in TONIK on Jun 08, 2026 along with K2 Investments.
To date, 10 investors have co-invested in Toloka's portfolio companies, including prominent names like u.ventures.
Toloka's List of Top Investments
Toloka has a portfolio of 16 companies, including 2 unicorns. Their most notable investments are in Scan and NewHomesMate.Their portfolio spans across United States, United Kingdom, Estonia and 2 more locations. They have invested in Consumer, Enterprise Applications, Transportation and Logistics Tech and 16 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by Toloka:1. Bolt
Provider of ride-hailing, car-sharing, micromobility, food, and grocery delivery services. The company offers options for transportation, food delivery, and grocery services through its application. It provides opportunities for drivers, couriers, and merchants to generate revenue. The company also supports city planning with data insights.
Key facts about Bolt
- Founded Year: 2013
- Location: Tallinn (Estonia)
- Annual Revenue: €1B+ as on Dec 31, 2024
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $1.98B
- Employee Count: 16,172 as on Aug 31, 2026
- Investors: equitywestsecurities.com, SEB and 136 Others
- Latest Funding Round: Conventional Debt, Jul 27, 2026, $*****
- Highlight: Editors' Pick
2. TONIK
Provider of digital banking services including savings accounts and loans. This institution offers interest-bearing deposit accounts, time deposits, and various credit products. Customers manage financial transactions through a mobile application that includes security features for online payments and identity verification. The business model focuses on providing accessible financial tools for personal savings and borrowing needs.
Key facts about TONIK
3. Scale AI
Labeled data to train AI applications. The platform leverages enterprise data to customize generative models. The data engine consists of tools and features to collect, curate and annotate data, and to evaluate and optimize models.
Key facts about Scale AI
- Founded Year: 2016
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $15.9B
- Employee Count: 7,389 as on Sep 30, 2026
- Investors: Harmony Venture Partners, Northgate Capital and 68 Others
- Latest Funding Round: Series G, Jun 12, 2025, $*****
- Highlight: Editors' Pick

4. Scan
Chains providing diagnostic medical imaging services for self pay patients. These facilities offer various scan types including magnetic resonance imaging and other diagnostic procedures. Individuals book appointments directly without requiring physician referrals or insurance coverage. Reports are delivered to patients following the completion of the imaging process.
Key facts about Scan
- Founded Year: 2017
- Location: London (United Kingdom)
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $108M
- Employee Count: 164 as on Sep 30, 2026
- Investors: Aviva, Redbus Group and 23 Others
- Latest Funding Round: Conventional Debt, Aug 31, 2026, $*****

5. Capacity
AI-based information and data integration management solution. It allows users to handle the company knowledge, enterprise search, knowledge management, knowledge sharing, and data integration management solutions. It uses artificial intelligence, natural language processing, and machine learning technologies. It also handles process automation solutions. It caters to solutions to asset management, banking, credit unions, education, mortgage, and wealth management solutions.
Key facts about Capacity
- Founded Year: 2017
- Location: St. Louis (United States)
- Stage: Series E
- Total Funding till date: $340M
- Employee Count: 700 as on Sep 30, 2026
- Investors: IAG Capital Partners, Staley Capital Management and 10 Others
- Latest Funding Round: Series E, Sep 02, 2026, $*****
- Highlight: Editors' Pick
Toloka's Year-on-Year Investment Trends
Toloka has invested in 16 companies over the last 3 years, with an average of 4 new investments annually in the last 3 years. In 2025, it made 2 investments, while as of Jun 2026, it has made 5 investments in this year. Its most recent first time investment was in TONIK and most recent follow-on round was in Gin Electric Bikes.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 1 | 5 |
2025 | 2 | 0 | 2 |
2024 | 3 | 0 | 3 |
2023 | 5 | 0 | 5 |
Toloka's Investments by Stage
Toloka has made 6 investments in Series A stage with an average round size of $3.9M, 5 investments in Seed stage with an average round size of $920K, 1 investment in Series B stage, 1 investment in Series C stage with an average round size of $1.08M and 1 investment in Series D stage with an average round size of $182M.Stage of entry | No. of Investments |
|---|---|
Series A | 6 |
Seed | 5 |
Series B | 1 |
Series C | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
Toloka's Investments by Sector
Toloka has a diverse portfolio, with companies operating in the Consumer, Transportation and Logistics Tech, Travel and Hospitality Tech, Auto Tech and Energy Tech. Notably, it has invested in 12 Tech companies, 9 Enterprise (B2B) companies, 7 Consumer (B2C) companies and at least 6 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 6 |
Transportation and Logistics Tech | 3 |
Travel and Hospitality Tech | 3 |
Auto Tech | 2 |
Energy Tech | 2 |
Others | 21 |
Note: We have considered here, only first round of investments
Toloka's Investments by Geography
Toloka has made most investments in United States (9), followed by United Kingdom where it has made 3 investments.Country | No. of Investments |
|---|---|
United States | 9 |
United Kingdom | 3 |
Germany | 1 |
Singapore | 1 |
Note: We have considered here, only first round of investments
Toloka's recent investments
Toloka has made 5 investments in 2026 so far. TONIK and Cargofy are the latest among them.Here are the most recent investments by Toloka:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 08, 2026 | Singapore | Series B | 1094 | ||
Apr 29, 2026 | United States | Series A | 2206 | [+2] | |
Mar 03, 2026 | United States | Series A | 2352 | - | |
Jan 08, 2026 | United Kingdom | Seed | 7249 | - | |
Jan 06, 2026 | United Kingdom | Seed | 6823 | - |
Unicorns in Toloka's Portfolio
Toloka has 2 unicorns in its portfolio - FINN and Bolt. The most recent unicorn in their portfolio is FINN. It became a unicorn in 2026, 2 years after Toloka first invested in it.Here is a list of unicorns in Toloka's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
67 | Provider of flexible car subscription services with fixed monthly payments | 2019 | Munich | Series D | hinpxhv | ||
80 | Provider of ride-hailing, car-sharing, micromobility, food, and grocery delivery services | 2013 | Tallinn | Series F | zty{xjh |
Co-investors of Toloka
Over the past 3 years, 105 investors have co-invested in Toloka's portfolio companies. This includes funds and angels.
- Invested before Toloka: Flyer One Ventures, Insignia Ventures Partners and 74 others have invested in rounds before Toloka. There are 2 companies where Flyer One Ventures has invested before Toloka and 1 company where Insignia Ventures Partners has invested before Toloka.
- Top Co-investors of Toloka: 10 investors entered a company along with Toloka. These include investors like u.ventures (2 companies).
- Invested after Toloka: A total of 19 investors have invested in Toloka's portfolio after their investments. Top Investors include VerisFi (1 company) and Atempo Growth (1 company).
Recent News related to Toloka
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GIN e-bikes secures €215k funding to expand PLUTO e-bike subscriptions in LondonEU-Startups•Jan 06, 2026•Toloka, Gin Electric Bikes
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Toloka.vc invests in ALICE Technologies, a US startup from Silicon ValleyAin•Nov 11, 2025•Toloka, Alice Technologies
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Ukrainian VC TOLOKA Invests $1M in Israeli Cybersecurity Startup Bright SecurityAin•May 22, 2025•Toloka, Bright Security
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Jome Raises $9.8M in Series A FundingFinSMEs•Dec 18, 2024•Jome, Geek Ventures, u.ventures, Toloka and 2 others
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Ukrainian Toloka.vc invests €1M in FINN, a German car serviceAIN.Capital•Apr 08, 2024•Toloka, FINN.no, FINN
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GIN E-Bikes secures £510,000 investment for expansion and new modelsTech.eu•Jan 02, 2024•Gin Electric Bikes, Toloka
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London-based GIN E-Bikes raises €580k to speed up production capabilities of its hybrid bikesEU-Startups•Jan 02, 2024•Gin Electric Bikes, Toloka
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Ukrainian Toloka.vc invests $615k in British medtech startup Scan.comAIN.Capital•Dec 28, 2023•AIN.Capital, Toloka, Scan
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Toloka.vc invests £510k in Gin, a British startup co-founded by a UkrainianAIN.Capital•Dec 26, 2023•Gin Electric Bikes, Toloka
