# Toby Chan

> Toby Chan is a seed investor at Audacy Ventures backing Fuel, CleanTech and Real Estate. See 3 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Audacy Ventures](https://shizune.co/investors/profile/audacy-ventures)
- Total investments: 3
- Last investment: Jan 2026
- Lead investor: 67%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/toby-chan-a794644

Toby Chan is a cofounder at Audacy Ventures.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Fuel | 1 | 33% |
| CleanTech | 1 | 33% |
| Real Estate | 1 | 33% |
| Manufacturing | 1 | 33% |
| Biomass Energy | 1 | 33% |

12 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 2 | 67% |
| Series A | 1 | 33% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Spain | 1 | 33% |
| Australia | 1 | 33% |
| Singapore | 1 | 33% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| XFuel | XFuel is a fuel company that provides green and clean fuels to distributors and consumers. The company was founded in 2010 and is based in Palma de Mallorca, Baleares. | $20M | Series A | Jan 27, 2026 |  |
| FlyORO | FlyORO is aviation's premier supply chain integrator for sustainable aviation fuels. It is intended to allow for on-demand SAF blending, flexibility in blended SAF production, and a stable SAF supply chain. Its asset-light modular manufacturing technologies connect to the jet fuel logistic network, making SAF more easily accessible to airlinesat airports. | $1.6M | Seed | Jan 10, 2024 |  |
| Conry Tech | Conry Tech is reinventing air-conditioning to make comfort sustainable, as it causes 15% of global emissions takes 60% of a buildings power. Conry Tech have patented a new approach and system to tackle this issue and improve comfort. They are decentralizing air-conditioning for commercial buildings, allowing each room to be optimised for comfortand energy efficiency, reducing energy consumption >70%, improving comfort and health, reducing a buildings carbon footprint and helping drive building valuations higher. | $1.9M | Seed |  |  |

3 of 3 investments shown.

## Co-investors
- [SOSV HAX](https://shizune.co/investors/profile/hax-accelerator) — VC Fund, 2 deals together
- [AENU](https://shizune.co/investors/profile/aenu) — VC Fund, 1 deal together
- [Future Planet Capital](https://shizune.co/investors/profile/future-planet-capital) — VC Fund, 1 deal together
- [Investible](https://shizune.co/investors/profile/investible) — VC Fund, 1 deal together
- [Light Ray Ventures](https://shizune.co/investors/profile/light-ray-ventures) — VC Fund, 1 deal together
- [NYK Line](https://shizune.co/investors/profile/nyk-line) — VC Fund, 1 deal together

## About Audacy Ventures

VC Fund · Hong Kong, Hong Kong

Audacy Ventures is an investment group focused on energy transition, decarbonization and new frontier technologies advancing society on a global scale. Our mission is to drive private capital to cultivate and support companies who solve some of the most pressing environmental and social problems our world is facing. We believe in the power ofdeep tech and its applications to reshape industries. We partner with founders who are doing their life’s work, to commercialise and massively scale these solutions.

1 contacts available at Audacy Ventures.

| Name | Title | Profile |
| --- | --- | --- |
| Toby Chan | Co-Founder & Partner | https://shizune.co/investors/profile/toby-chan-ce84 |

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### Similar stage
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- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Toby Chan invest in?

Toby Chan invests primarily in Fuel, CleanTech and Real Estate startups, most often at Seed and Series A stage. Most of the 3 investments tracked by Shizune back companies in Spain. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Toby Chan last invest?

The most recent investment recorded for Toby Chan closed in Jan 2026. Shizune tracks 3 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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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