# Toba Capital

> Toba Capital is a VC fund in Newport Beach backing Software and SaaS. See 158 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Newport Beach, United States
- Total investments: 158
- Last investment: Jul 2026
- Lead investor: 37%
- Last fund: Aug 2013
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/company/toba-capital
- X (Twitter): http://twitter.com/tobacap
- Website: http://tobacapital.com

Toba Capital is an investment firm committed to helping create incredible technology companies. We specialize in business applications, IT, and internet infrastructure markets.

## Contacts

5 contacts available for Toba Capital. Shizune tracks 9 team members at Toba Capital. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/toba-capital?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.8M–$8.5M |
| Series A | $4.5M–$27M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 31 | 20% |
| SaaS | 21 | 13% |
| Information Technology | 18 | 11% |
| Analytics | 14 | 9% |
| Artificial Intelligence | 14 | 9% |

135 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 29 | 18% |
| Funding Round | 27 | 17% |
| Seed | 25 | 16% |
| Series B | 21 | 13% |
| Series C | 14 | 9% |

9 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 74 | 47% |
| Canada | 2 | 1% |
| Germany | 2 | 1% |
| Israel | 1 | 1% |
| The Netherlands | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Susan Su | Partner | 0 | https://shizune.co/investors/profile/susan-su |
| Brinkley Morse | Partner | 0 | https://shizune.co/investors/profile/brinkley-morse |
| Jeffrey Kuo | Venture Investor | 0 | https://shizune.co/investors/profile/jeffrey-kuo |
| Julie Liu | Investor | 3 | https://shizune.co/investors/profile/julie-liu |
| Patrick Mathieson | Partner | 15 | https://shizune.co/investors/profile/patrick-mathieson |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Rinascera Therapeutics | Rinascera Therapeutics is a clinical-stage biotechnology company that develops systemic and topical therapies targeting the biological causes of rare genetic skin diseases. Its current focus is advancing acquired clinical drug assets to treat inherited skin disorders like Gorlin Syndrome and Dystrophic Epidermolysis Bullosa (DEB). |  | Seed | Jul 16, 2026 |  |
| Tab Commerce | Tab Commerce specializes in financial technology solutions for the restaurant industry. Their Spend Control Platform is designed to help restaurants manage their expenses more effectively and optimize their profitability. Tab Commerce helps streamline processes, improve efficiency, and provide valuable insights into spending patterns. Theirofferings aim to empower restaurant owners with tools that facilitate better financial decision-making and management. | $4M | Seed | Jul 01, 2026 |  |
| Scotch | From neighborhood stores to destination warehouses, liquor retailers of all sizes have been held back by manual tasks, slow systems and limited business intelligence. So we decided to build something better — smarter software that saves time and improves margins so independent retailers could focus on their customers, not manually managinginventory. | $20M | Series A | Jun 04, 2026 |  |
| Tebra | Tebra provide independent healthcare practices with digital tools and support to thrive in a new era of healthcare.Tebra is to unlock better healthcare for every patient by getting your independent practice the right technology and support to thrive. In an industry marked by broken, disparate parts, and overstuffed with processes, we aredeveloping a single system that can truly be the backbone of practice success. | $250M | Private Equity | Dec 17, 2025 |  |
| Velvære | Velvære is a luxury ski-in, ski-out residential community, focused on redefining mountain living through architectural innovation, world-class amenities, and wellness integration. |  | Venture - Series Unknown | Dec 04, 2025 |  |
| Scotch | From neighborhood stores to destination warehouses, liquor retailers of all sizes have been held back by manual tasks, slow systems and limited business intelligence. So we decided to build something better — smarter software that saves time and improves margins so independent retailers could focus on their customers, not manually managinginventory. | $10M | Seed | Oct 13, 2025 |  |
| Bettani | Climax Foods is a data science company innovating the future of food. It has developed sophisticated machine intelligence tools to unlock smarter paths from plants to products, creating a new generation of plant-based foods that will out-compete animal-based predecessors.Together, a team of top data and food scientists from around the globe areintelligently harnessing the vast biodiversity of the plant kingdom to create the pinnacle of flavor, texture, and nutrition — at a price point for everyone.Climax Foods was founded in 2019 and is headquartered in Berkeley, California, United States. | $6.5M | Series A | Oct 06, 2025 |  |
| Euclid Power | Euclid Power operates in the renewable energy sector, providing a comprehensive platform for project management, investment, and execution. The company offers data-driven solutions that span from project development to asset management. Euclid Power's platform is designed to simplify the process of renewable energy project development andexecution. | $20M | Series A | Sep 05, 2025 |  |
| Wallarm | Built by security practitioners for practitioners, Wallarm products provide robust protection for APIs, microservices, and serverless workloads running in cloud-native environments. Hundreds of Security and DevOps teams chose Wallarm to get unique visibility into malicious traffic, robust protection across the whole API portfolio, and automatedincident response for product security programs. The company is committed to supporting modern tech stacks, offering dozens of deployment options in cloud and Kubernetes-based environments, and also provides a full cloud solution. Wallarm is headquartered in San Francisco, California, and is backed by Toba Capital, Y Сombinator, Partech, Runa Capital, and other investors. | $55M | Series C | Jul 31, 2025 |  |
| Wallarm | Built by security practitioners for practitioners, Wallarm products provide robust protection for APIs, microservices, and serverless workloads running in cloud-native environments. Hundreds of Security and DevOps teams chose Wallarm to get unique visibility into malicious traffic, robust protection across the whole API portfolio, and automatedincident response for product security programs. The company is committed to supporting modern tech stacks, offering dozens of deployment options in cloud and Kubernetes-based environments, and also provides a full cloud solution. Wallarm is headquartered in San Francisco, California, and is backed by Toba Capital, Y Сombinator, Partech, Runa Capital, and other investors. | $55M | Series C | Jul 31, 2025 |  |

10 of 158 investments shown.

## Co-investors
- [Insight Partners](https://shizune.co/investors/profile/insight-partners) — VC Fund, 8 deals together
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund, 7 deals together
- [Kennet Partners](https://shizune.co/investors/profile/kennet-venture-partners) — VC Fund, 6 deals together
- [Lerer Hippeau](https://shizune.co/investors/profile/lerer-ventures) — VC Fund, 6 deals together
- [Norwest](https://shizune.co/investors/profile/norwest-venture-partners) — VC Fund, 6 deals together
- [PSG Equity](https://shizune.co/investors/profile/providence-strategic-growth) — VC Fund, 6 deals together

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## FAQ

### What does Toba Capital invest in?

Toba Capital invests primarily in Software, SaaS and Information Technology startups, most often at Series A and Funding Round stage. Most of the 158 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Toba Capital's check size?

Toba Capital typically joins rounds of $1.8M–$8.5M at Seed and $4.5M–$27M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Toba Capital participates in.

### How do I contact Toba Capital?

Public channels for Toba Capital include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at Toba Capital?

The team at Toba Capital includes Susan Su (Partner), Brinkley Morse (Partner) and Jeffrey Kuo (Venture Investor), among 9 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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