Toba Capital

Toba Capital is an early-stage investment firm founded in 2012 that backs technology companies at seed and Series A. The firm reports $1.3 billion in assets under management and invests through a combination of a direct venture portfolio and co-investments. Its stated criteria centre on teams and businesses with potential for durable growth and meaningful market impact, with the firm describing a preference for companies capable of fundamentally shifting markets for the common good.

Sector coverage spans enterprise software and SaaS, IT infrastructure, security technology, and climate and energy technology. Industry verticals in scope include healthcare and financial services alongside the core software and infrastructure themes. Typical entry at seed and Series A places the firm at the point where product-market fit is being established rather than proven at scale.

The firm is based in Newport Beach, California, with a presence in Los Angeles. A distinctive structural feature is its giving model: 50 per cent of profits are donated to charity. The stated investment orientation is towards long-term, durable growth rather than rapid exit timelines.