# Toba Capital: portfolio, investments and team > Toba Capital is a vc firm based in United States. 58 investments on record, 2 in the last 12 months, latest Jun 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/toba-capital (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Toba Capital Last cheque observed Jun 2026; 58 cheques on record. Email Deploying now VC firm Seed Series A Series B SaaS IT Infrastructure Climate & Energy Follow Toba Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Ftoba-capital) Deploying now **50%** of best year **2** **cheques in 12 months**, 58 on record Since the last cheque **149** days **00** hrs **00** min **00** sec Median round **$23M** Cheque size, as they say **$1.0M – $10M** Rounds led **0 of 58** Sole investor **11 rounds** Exits **5 from the portfolio** Mostly in **United States, 95%** Pitch Toba Capital ## Toba Capital highlights - 01 2 cheques in the last 12 months - 02 Mostly Series A and Venture: 46% of its rounds - 03 Sole investor in 11 rounds, median $10M - 04 5 exits from the portfolio ## What they do > Toba Capital is an early-stage investment firm committed to helping create incredible technology companies. From their own website - **Type:** VC firm (from a list, unverified) - **Cheque size:** $1.0M – $10M as they say - **Stages:** Seed Series A Series B Growth Pre-IPO - **Sectors:** SaaS IT Infrastructure Climate & Energy - **Based in:** Newport Beach, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **58 appearances** - **2026** 2 rounds - **Jun** **[Scotch](https://millionrounds.com/company/scotch)** Series A · US · Crunchbase News **$20M** With 3 others - **Jan** **[Tebra](https://millionrounds.com/company/tebra)** Growth · US · TechStartups **$250M** With 6 others - **2025** 4 rounds - **Jul** **[Small Door Veterinary](https://millionrounds.com/company/small-door-veterinary)** Series C · US · AlleyWatch **$55M** With 5 others - **Jul** **[Small Door](https://millionrounds.com/company/small-door)** Series C · US · AlleyWatch **$35M** With 7 others - **Jan** **[Music.AI](https://millionrounds.com/company/music-ai)** Series A · BR · LatamList **$40M** With 13 others - **Jan** **[Bedrock Energy](https://millionrounds.com/company/bedrock-energy)** Series A · US · Titanium Ventures **$12M** With 10 others - **2019** 2 rounds - **Jun** **[DermBiont](https://millionrounds.com/company/dermbiont)** Series A · US · FinSMEs **$8.0M** With 2 others - **Jun** **[Skupos](https://millionrounds.com/company/skupos)** Series B · US · Forbes **$25M** With 4 others - **2018** 3 rounds - **Oct** **[Conversica](https://millionrounds.com/company/conversica)** Series C · US · VentureBeat **$31M** With 4 others - **Jun** **[Seal Software](https://millionrounds.com/company/seal-software)** US · FinSMEs **$30M** Sole investor - **Jan** **[NurseGrid](https://millionrounds.com/company/nursegrid)** US · FinSMEs **$5.7M** With 4 others - **2017** 1 round - **Jun** **[Super League Gaming](https://millionrounds.com/company/super-league-gaming)** Series C · US · FinSMEs **$15M** With 5 others - **2016** 4 rounds - **Oct** **[Super League Gaming](https://millionrounds.com/company/super-league-gaming)** Series C · US · FinSMEs **$5.0M** With 1 other - **Oct** **[Restless Bandit](https://millionrounds.com/company/restless-bandit)** Seed · US · FinSMEs **$10M** With 1 other - **Aug** **[NextVR](https://millionrounds.com/company/nextvr)** Series B · US · FinSMEs **$80M** With 22 others - **Jul** **[Grow](https://millionrounds.com/company/grow)** Series A · US · FinSMEs **$11M** Sole investor - **2015** 11 rounds - **Nov** **[PatientPop](https://millionrounds.com/company/patientpop)** Series A · US **$10M** Sole investor - **Sept** **[Paxata](https://millionrounds.com/company/paxata)** Series C · US **$18M** With 3 others - **Aug** **[PeerStreet](https://millionrounds.com/company/peerstreet)** Seed · US **$6.1M** With 8 others - **Aug** **[WSO2](https://millionrounds.com/company/wso2)** Venture · US **$20M** With 3 others - **Aug** **[Conversica](https://millionrounds.com/company/conversica)** Venture · US **$3.0M** With 1 other - **Jul** **[StellaService](https://millionrounds.com/company/stellaservice)** Series C · US **$15M** With 6 others - **Jul** **[Transifex](https://millionrounds.com/company/transifex)** Series A · US **$4.0M** With 3 others - **Jul** **[ShiftMobility](https://millionrounds.com/company/shiftmobility)** Series A · US **$2.0M** Sole investor - **Apr** **[Rocana](https://millionrounds.com/company/rocana)** Series B · US **$15M** With 2 others - **Mar** **[Interset](https://millionrounds.com/company/interset)** Venture · CA **$10M** With 1 other - **Feb** **[Sauce Labs](https://millionrounds.com/company/sauce-labs)** Series D · US **$15M** Sole investor - **2014** 11 rounds - **Nov** **[FloQast](https://millionrounds.com/company/floqast)** Seed · US **$1.3M** With 2 others - **Oct** **[Speakr](https://millionrounds.com/company/speakr)** Seed · US **$2.9M** With 4 others - **Oct** **[Alteryx, Inc.](https://millionrounds.com/company/alteryx-inc)** Series B · US **$60M** With 2 others - **Oct** **[Stratos](https://millionrounds.com/company/stratos)** Venture · US **$5.8M** With 3 others - **Aug** **[Reach150](https://millionrounds.com/company/reach150)** US **Undisclosed** With 1 other - **Aug** **[SecureAuth](https://millionrounds.com/company/secureauth)** Series D · US **$10M** Sole investor - **Jul** **[LiquidWare Labs](https://millionrounds.com/company/liquidware-labs)** Venture · US **$2.3M** Sole investor - **Jun** **[Seal Software](https://millionrounds.com/company/seal-software)** Venture · US **$4.0M** Sole investor - **Jun** **[Transifex](https://millionrounds.com/company/transifex)** Seed · US **$2.5M** With 3 others - **Feb** **[ClearSlide](https://millionrounds.com/company/clearslide)** Series C · US **$50M** With 7 others - **Feb** **[TeamSnap](https://millionrounds.com/company/teamsnap)** Series B · US · Foundry Group **$7.5M** With 3 others - **2013** 19 rounds - **Nov** **[Quorum](https://millionrounds.com/company/quorum)** Series C · US · finsmes.com **$10M** With 1 other - **Oct** **[Paxata](https://millionrounds.com/company/paxata)** Series B · US · finsmes.com **$8.0M** With 2 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team We hold **11** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What they claim to have backed From their own portfolio page (on their website) **58** of 60 we have independently watched raise [Acq by DataRobot](https://millionrounds.com/company/datarobot)[Acq by Datto](https://millionrounds.com/company/infocyte)[Acq by Deliveroo](https://millionrounds.com/company/deliveroo)[Acq by HealthStream](https://millionrounds.com/company/nursegrid)[Acq by PDI Technologies](https://millionrounds.com/company/skupos)[Acq by Waud Capital](https://millionrounds.com/company/teamsnap)[Adagene](https://millionrounds.com/company/adagene)[Airtable](https://millionrounds.com/company/airtable)[Alchemy43](https://millionrounds.com/company/alchemy-43)[Allencontrolsystems](https://millionrounds.com/company/allen-control-systems)[Anduril](https://millionrounds.com/company/anduril-industries)[BLLN](https://millionrounds.com/company/billiontoone)[Bedrockenergy](https://millionrounds.com/company/bedrock-energy)[Candidwholesale](https://millionrounds.com/company/candid-wholesale)[Chime](https://millionrounds.com/company/chime)[Clearskye](https://millionrounds.com/company/clear-skye)[Cloverhealth](https://millionrounds.com/company/clover-health)[Cockroachlabs](https://millionrounds.com/company/cockroach-labs)[Commure](https://millionrounds.com/company/commure)[Conversica](https://millionrounds.com/company/conversica)[Davidenergy](https://millionrounds.com/company/david-energy)[Deliveroo](https://millionrounds.com/company/deliveroo)[Dermbiont](https://millionrounds.com/company/dermbiont)[Dryad](https://millionrounds.com/company/dryad)[Euclidpower](https://millionrounds.com/company/euclid-power)[Excision](https://millionrounds.com/company/excision)[FloQast logo. Private secondary](https://millionrounds.com/company/floqast)[Funraise](https://millionrounds.com/company/funraise)[Humaninterest](https://millionrounds.com/company/human-interest)[Hyperproof](https://millionrounds.com/company/hyperproof)[Jump](https://millionrounds.com/company/jump)[Luxurypresence](https://millionrounds.com/company/luxury-presence)[Mign](https://millionrounds.com/company/mign)[Mobileiron](https://millionrounds.com/company/mobileiron)[Mori](https://millionrounds.com/company/mori)[Music](https://millionrounds.com/company/music)[Nianticlabs](https://millionrounds.com/company/niantic)[Overstory](https://millionrounds.com/company/overstory)[Paay](https://millionrounds.com/company/paay)[Papayaglobal](https://millionrounds.com/company/papaya-global)[Patternbrands](https://millionrounds.com/company/pattern-brands)[Phoenixtailings](https://millionrounds.com/company/phoenix-tailings)[Quanergy](https://millionrounds.com/company/quanergy)[Regentcraft](https://millionrounds.com/company/regent-craft)[Robinhood](https://millionrounds.com/company/robinhood)[Sanabenefits](https://millionrounds.com/company/sana)[Saucelabs](https://millionrounds.com/company/sauce-labs)[Scotchpos](https://millionrounds.com/company/scotch)[Seal logo. Acq](https://millionrounds.com/company/docusign)[Smalldoorvet](https://millionrounds.com/company/small-door)[Swiftsolar](https://millionrounds.com/company/swift-solar)[Tabcommerce](https://millionrounds.com/company/tab-commerce)[Tavahealth](https://millionrounds.com/company/tava-health)[Tebra](https://millionrounds.com/company/tebra)[Tesseratherapeutics](https://millionrounds.com/company/tessera-therapeutics)[WSO2 logo. Acq](https://millionrounds.com/company/wso2)[Wallarm](https://millionrounds.com/company/wallarm)[Zetwerk](https://millionrounds.com/company/zetwerk) Acq by Ahimsa Capital Acq by Carbon Direct and 56 more Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. ## Exits from the portfolio Companies it backed that were later bought or listed **5 in all** **[NextVR](https://millionrounds.com/company/nextvr)** Bought by [Apple](https://millionrounds.com/fund/apple) **$100M** May 2020 **[Codenvy](https://millionrounds.com/company/codenvy)** Bought by Redhat **Undisclosed** May 2017 **[Jaspersoft](https://millionrounds.com/company/jaspersoft)** Bought by TIBCO Software Inc. **$185M** Apr 2014 **[Cloudant](https://millionrounds.com/company/cloudant)** Bought by [IBM (International Business Machines)](https://millionrounds.com/fund/ibm-international-business-machines) **Undisclosed** Feb 2014 **[Bright.com](https://millionrounds.com/company/bright-com)** Bought by [LinkedIn](https://millionrounds.com/fund/linkedin) **$120M** Feb 2014 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Seed Series A Series B Median round joined **$23M** the round, not its cheque Alone, median **$10M** Led 0 of 58 rounds **0%** - **Said size:** $1.0M – $10M - **Sole investor:** 11 rounds - **Last cheque:** Jun 2026 - **Exits:** 5 from the portfolio Rounds by stage said on their site - Series A said *12* - Venture *11* - Series B said *11* - Series C *11* - Seed said *5* - Growth said *-* - Pre-IPO said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Comcast Ventures](https://millionrounds.com/fund/comcast-ventures) 3 - [Lerer Hippeau](https://millionrounds.com/fund/lerer-hippeau) 3 - [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) 3 - [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) 3 - [Accel](https://millionrounds.com/fund/accel) 2 - [Airtek Capital Group](https://millionrounds.com/fund/airtek-capital-group) 2 **Pitching Toba Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Toba Capital. A count of rooms they were both in, not a relationship either has claimed. [**Comcast Ventures** Corporate VC **3** rounds together](https://millionrounds.com/fund/comcast-ventures)[**Lerer Hippeau** VC firm **3** rounds together](https://millionrounds.com/fund/lerer-hippeau)[**New Enterprise Associates** VC firm **3** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**Sapphire Ventures** VC firm **3** rounds together](https://millionrounds.com/fund/sapphire-ventures)[**Accel** VC firm **2** rounds together](https://millionrounds.com/fund/accel)[**Airtek Capital Group** VC firm **2** rounds together](https://millionrounds.com/fund/airtek-capital-group)[**Arafura Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/arafura-ventures)[**Axiomatic Ventures** Family office **2** rounds together](https://millionrounds.com/fund/axiomatic-ventures)[**Declaration Partners** Family office **2** rounds together](https://millionrounds.com/fund/declaration-partners)[**Felicis** VC firm **2** rounds together](https://millionrounds.com/fund/felicis-ventures)[**Frost Data Capital** Accelerator **2** rounds together](https://millionrounds.com/fund/frost-data-capital)[**Frost Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/frost-venture-partners) ## Recently backed The latest companies Toba Capital put money into. [**Scotch** $20M · Jun 2026](https://millionrounds.com/company/scotch)[**Tebra** $250M · Jan 2026](https://millionrounds.com/company/tebra)[**Small Door** $35M · Jul 2025](https://millionrounds.com/company/small-door)[**Bedrock Energy** $12M · Jan 2025](https://millionrounds.com/company/bedrock-energy)[**DermBiont** $8.0M · Jun 2019](https://millionrounds.com/company/dermbiont)[**Skupos** $25M · Jun 2019](https://millionrounds.com/company/skupos) ## Mentioned on podcasts Episodes that name Toba Capital in their description, not their title. - [The Official SaaStr Podcast](https://millionrounds.com/podcasts/saastr) 20 Jun 2016 · 22 min SaaStr 032: Scaling Operations From 10 to 130 In A Year & The Fundamentals of What Makes A Great SaaS Business Opportunity with Luke Kervin, Co-Founder @ PatientPop Mentions [Harry Stebbings](https://millionrounds.com/fund/harry-stebbings)[Toba Capital](https://millionrounds.com/fund/toba-capital) Apple PodcastsShow page ## Quick answers about Toba Capital ### What does Toba Capital invest in? Toba Capital invests most often at Series A and Venture (46% of the rounds on record), in sectors such as SaaS, IT Infrastructure and Climate & Energy. ### How active is Toba Capital? 58 investments on record, 2 of them in the last 12 months. The most recent was in Jun 2026. ### What has Toba Capital invested in recently? Its most recent investments on record: Scotch (Series A, Jun 2026), Tebra (Growth, Jan 2026) and Small Door Veterinary (Series C, Jul 2025). ### How big are Toba Capital's cheques? The median round it joins is $23M. It says it writes cheques of $1.0M to $10M. ### Does Toba Capital lead rounds? Rarely, if at all: none of its 58 investments on record names it as the lead. ### Where does Toba Capital invest? Most of the companies it backs are in the United States (95%). ### Is Toba Capital investing now? Yes: it is actively investing, with 2 investments in the last 12 months. ### Who does Toba Capital invest alongside? Most often Comcast Ventures (3 rounds together), Lerer Hippeau (3 rounds together) and New Enterprise Associates (3 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=toba-capital) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=toba-capital)