About Toba Capital
Toba Capital is a venture capital firm founded in 2012. It is primarily based out of Newport Beach, United States. As of Jun 2026, Toba Capital is an active investor, having invested in 136 companies, with 2 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Series A round of Scotch Overall, Toba Capital portfolio has seen 10 unicorns, 9 IPOs and 48 acquisitions including key companies like Robinhood, Deliveroo and Coupang. A lot of funds co-invest with Toba Capital, with names like Climate Capital sharing a substantial percentage of its portfolio. Toba Capital has team of 10 people including 6 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 3 more
Portfolio Acquisitions
Portfolio Soonicorns
Toba Capital's List of Top Investments
Toba Capital has a portfolio of 136 companies, including 10 unicorns. Their most notable investments are in ClearSkye and ClearSkye.Their portfolio spans across United States, Germany, Australia and 8 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 32 other sectors, across stages such as Series A, Seed and 3 more. Here is the list of top investments by Toba Capital:
1. Robinhood
Broker-based online trading and investment platform. It offers tools for building investment strategies and tracking market trends. It facilitates trading in stocks, funds, options, and crypto assets. Expert-managed portfolios are available, providing market insights and investment adjustments. The company also provides educational resources to improve investor knowledge.
Key facts about Robinhood
- Founded Year: 2013
- Location: Menlo Park (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $5.58B
- Employee Count: 4,964 as on Aug 31, 2026
- Investors: HTIF, ADS Ventures and 155 Others
- Latest Funding Round: Post IPO, May 13, 2022, $*****
- Highlight: Public
2. Deliveroo
Operator of an online marketplace connecting consumers with local merchants. This platform facilitates the delivery of prepared meals, groceries, and retail products from various vendors to residential and commercial addresses. Logistics technology coordinates the movement of goods between suppliers and recipients. The service manages the fulfillment process to ensure items are transported from the point of sale to the final destination.
Key facts about Deliveroo
- Founded Year: 2013
- Location: London (United Kingdom)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $2.95B
- Employee Count: 11,568 as on Aug 31, 2026
- Investors: Colt Ventures, T. Rowe Price and 122 Others
- Latest Funding Round: Series H, Jan 16, 2021, $*****
- Highlight: Acquired
3. Coupang
Online marketplace offering multi-category consumer products. The product catalog includes fashion, beauty, stationery, sports, health care, books, toys, smoking products, pet supplies, groceries, automobiles, electronics, and more.
Key facts about Coupang
- Founded Year: 2010
- Location: Seoul (South Korea)
- Annual Revenue: $1B+ as on Dec 31, 2018
- Stage: Public
- Total Funding till date: $3.9B
- Employee Count: 1,001 - 5,000 as on Mar 01, 2026
- Investors: HTIF, ADS Ventures and 50 Others
- Latest Funding Round: Series F, Dec 20, 2019, $*****
- Highlight: Public
4. Lime
App-based rental platform providing self-drive electric kick-scooter. The platform enables users to find the nearest available scooter and start the ride by scanning their QR code or access code. Users should provide rider details, payment details, location, and more for book the scooter. It offers features like variant payment options, and more. At the end of the ride, users can park the vehicle at their legal locations. Their mobile app is available for Android and iOS devices
Key facts about Lime
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $1.4B
- Employee Count: 2,798 as on Aug 31, 2026
- Investors: Meritech, Star Tech NG and 99 Others
- Latest Funding Round: Conventional Debt, Nov 04, 2021, $*****
- Highlight: Public
5. Chime
Digital bank for individuals. Its services include debit cards, savings account, money transfers, cash withdrawals, online/offline payments, check deposits, and more. It also offers transaction and balance alerts. The application is available on iOS and Android devices.
Key facts about Chime
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $3.15B
- Employee Count: 2,506 as on Aug 31, 2026
- Investors: equitywestsecurities.com, Access Industries and 58 Others
- Latest Funding Round: Series F, Aug 06, 2021, $*****
- Highlight: Public
Toba Capital's Year-on-Year Investment Trends
Toba Capital has invested in 136 companies over the last 14 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 8 investments, while as of Jun 2026, it has made 1 investment in this year. Its most recent first time investment was in Scotch and most recent follow-on round was in Tebra.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 4 | 4 | 8 |
2024 | 1 | 0 | 1 |
2023 | 3 | 2 | 5 |
2022 | 6 | 6 | 12 |
2021 | 6 | 2 | 8 |
2020 | 4 | 4 | 8 |
2019 | 3 | 2 | 5 |
2018 | 4 | 5 | 9 |
2017 | 2 | 2 | 4 |
Toba Capital's Investments by Stage
Toba Capital has made 30 investments in Series A stage with an average round size of $11.5M, 18 investments in Seed stage with an average round size of $3.67M, 13 investments in Series B stage with an average round size of $12.9M, 7 investments in Series C stage with an average round size of $25.1M and 1 investment in Series D stage with an average round size of $70M.Stage of entry | No. of Investments |
|---|---|
Series A | 30 |
Seed | 18 |
Series B | 13 |
Series C | 7 |
Series D | 1 |
Note: We have considered here, only first round of investments
Toba Capital's Investments by Sector
Toba Capital has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Consumer, Vertical SaaS and FinTech. Notably, it has invested in 123 Tech companies, 104 Enterprise (B2B) companies, 86 Software companies and at least 68 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 51 |
Enterprise Infrastructure | 16 |
Consumer | 13 |
Vertical SaaS | 13 |
FinTech | 10 |
Others | 76 |
Note: We have considered here, only first round of investments
Toba Capital's Investments by Geography
Toba Capital has made most investments in United States (64), followed by Germany where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 64 |
Germany | 2 |
Canada | 1 |
France | 1 |
Netherlands | 1 |
Note: We have considered here, only first round of investments
Toba Capital's recent investments
Toba Capital has made 1 investments in 2026 so far - Scotch.Here are the most recent investments by Toba Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 04, 2026 | United States | Series A | 4473 | [+3] | |
Dec 17, 2025 | United States | Series D | 4712 | [+3] | |
Oct 06, 2025 | United States | Series A | 7400 | [+3] | |
Sep 04, 2025 | United States | Series A | 1042 | [+4] | |
Jul 31, 2025 | United States | Series C | 5461 | - |
Unicorns in Toba Capital's Portfolio
Toba Capital has 10 unicorns in its portfolio - Tebra, Motive, Happy Money and others. The most recent unicorn in their portfolio is Tebra. It became a unicorn in 2022.Here is a list of unicorns in Toba Capital's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Cloud based platform offering practice management tool for providers | 2021 | Corona | Series D | fnlmuey | ||
77 | Developer of fleet management software and hardware for vehicle tracking | 2013 | San Francisco | Series G | kbdedms | ||
77 | Financial planning company offering personal loans | 2009 | Torrance | Series E | uvjctqp | ||
83 | Online payment and money transfer platform for businesses | 2015 | Jakarta | Series D | ykyiela | ||
71 | Manufacturer of industrial components for energy electronics and aerospace sectors | 2018 | Bengaluru | Series F | pthfaqy |
IPOs and Publicly Listed companies in Toba Capital's Portfolio
9 of Toba Capital's portfolio companies have become public. Lime got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Jul 2026 at marketcap of $1.6B and Ethos got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $1.1B.Here are Toba Capital's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 01, 2026 | - | - | 3820 | |
Jan 29, 2026 | - | - | 7725 | |
Jun 12, 2025 | - | - | 1343 | |
Jul 29, 2021 | - | - | 8310 | |
Mar 11, 2021 | - | - | 7969 |
Acquired companies in Toba Capital's Portfolio
48 companies from Toba Capital's portfolio have been acquired. The most recent acquisition was Airtable in Aug 2026 by Bending Spoons for $*****.Here are Toba Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 04, 2026 | - | - | 5006 | |
Jul 28, 2026 | 2015 | Series A | 2841 | |
Apr 21, 2026 | Aug 02, 2023 | Series A | 9202 | |
Jan 22, 2026 | - | - | 8626 | |
Dec 19, 2025 | - | - | 9547 |
Team profile of Toba Capital
Toba Capital has a team of 10 members including 6 Partners and 1 Principal located in United States. Toba Capital's team sits on the board of 2 companies.Here is a list of all team members in Toba Capital:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Houston | |||
Partner | United States | |||
Partner | United States | - | ||
Partner | United States | - | ||
Partner | Los Angeles | - | ||
Partner | Los Angeles | - | ||
Principal | Costa Mesa | - |
Co-investors of Toba Capital
Over the past 14 years, 430 investors have co-invested in Toba Capital's portfolio companies. This includes funds and angels.
- Invested before Toba Capital: Kickstart Seed Fund, Primary Venture Partner and 136 others have invested in rounds before Toba Capital. There are 2 companies where Kickstart Seed Fund has invested before Toba Capital and 2 companies where Primary Venture Partner has invested before Toba Capital.
- Top Co-investors of Toba Capital: 145 investors entered a company along with Toba Capital. These include investors like Climate Capital (3 companies).
- Invested after Toba Capital: A total of 147 investors have invested in Toba Capital's portfolio after their investments. Top Investors include Insight Partners (4 companies), Europa (2 companies) and Meritech (2 companies).
Recent News related to Toba Capital
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Scotch has raised $20 Million in new Series A fundingintelligence360•Jun 23, 2026•Toba Capital, First Round Capital, Scotch, Lerer Hippeau
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Scotch Secures $20 Million Series A Funding to Enhance Liquor Retail POS OperationsMassinvestor•Jun 04, 2026•VMG Partners, Scotch, Toba Capital, First Round Capital and 1 other
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Tebra Raises $250M to Challenge Legacy EHRs with AI AutomationHIT Consultant•Dec 18, 2025•Tebra, Transformation Capital, Toba Capital, Hildred Capital Management and 2 others
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Velvaere Secures $555 Million Financing for Luxury Real Estate in Deer ValleyPR Newswire•Dec 04, 2025•Velvære, Anchor Loans, Toba Capital, Lfbventures and 2 others
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Climax Foods Rebrands to Bettani Farms, Secures $6.5M Funding, Appoints Sandeep Patel as CEOPR Newswire•Oct 06, 2025•S2G Investments, At One Ventures, Manta Ray Ventures, Gratitude Railroad and 3 others
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Euclid raises $20M Series A led by Venrock for AI-driven renewable energy platformBusiness Wire•Sep 05, 2025•Venrock, EUCLID, Euclid Power, Commonweal Ventures and 5 others
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Wallarm Secures $55M Series C to Advance API Security in the AI Eraintelligence360•Aug 15, 2025•Toba Capital, Wallarm
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Wallarm Secures $55M Series C to Enhance API Security for AI EraPR Newswire•Jul 31, 2025•Toba Capital, Wallarm
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Plug Secures $6.7 Million in Seed Funding and Launches EV Trade-in Solutionintelligence360•Apr 18, 2025•Plug, Floodgate, Autotech Ventures, Leap Forward Ventures and 4 others
