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The Venture Codex

Overview

Investment firm focused on technology companies and infrastructure markets.

Founded

2012

Deals ยท 12mo

2

Stage focus

Series A
Series B

Geographic focus

United States

Sector focus

Information Technology
Venture Capital

Investment portfolio

91rounds
NAMEDATESIZE
Scotch
Jun 2026Participated
$20 MSeries A
Tebra
Dec 2025Participated
$250 MOther Equity
Bettani Farms
Oct 2025Participated
$7 MSeries A
Euclid
Sep 2025Participated
$20 MSeries A
Wallarm
Jul 2025Led
$55 MSeries C
Small Door
Jul 2025Participated
$55 MOther Equity
Plug
Apr 2025Participated
$7 MSeed
Bedrock Energy
Jan 2025Participated
$12 MSeries A
Music AI
Jan 2025Participated
$40 MSeries A
Swift Solar
Jun 2024Participated
$27 MSeries A
Writ
Apr 2024Participated
$4 MSeed
Tava Health
Mar 2024Participated
$20 MSeries B
Scotch
Jun 2026Participated
$20 MSeries A
Tebra
Dec 2025Participated
$250 MOther Equity
Bettani Farms
Oct 2025Participated
$7 MSeries A
Euclid
Sep 2025Participated
$20 MSeries A
Wallarm
Jul 2025Led
$55 MSeries C
Small Door
Jul 2025Participated
$55 MOther Equity
Plug
Apr 2025Participated
$7 MSeed
Bedrock Energy
Jan 2025Participated
$12 MSeries A
Music AI
Jan 2025Participated
$40 MSeries A
Swift Solar
Jun 2024Participated
$27 MSeries A
Writ
Apr 2024Participated
$4 MSeed
Tava Health
Mar 2024Participated
$20 MSeries B
91
Items
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Insights

Time horizon

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Deal Distribution

Toba Capital: 91 funding rounds are recorded in the selected participation categories.All available history.
Toba Capital: 91 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed38
Series A1513
Series B913
Series C+49
Other Equity89

Monthly Deal Activity

Toba Capital: 91 deals are recorded across 165 months.All available history.
Toba Capital: 91 deals are recorded across 165 months. All available history
MonthDeals
Feb '133
Mar '131
Apr '130
May '132
Jun '130
Jul '131
Aug '132
Sep '133
Oct '131
Nov '131
Dec '130
Jan '140
Feb '141
Mar '140
Apr '140
May '140
Jun '142
Jul '140
Aug '141
Sep '140
Oct '143
Nov '140
Dec '140
Jan '150
Feb '151
Mar '151
Apr '150
May '152
Jun '150
Jul '151
Aug '151
Sep '151
Oct '150
Nov '151
Dec '151
Jan '160
Feb '160
Mar '161
Apr '160
May '160
Jun '160
Jul '161
Aug '160
Sep '160
Oct '162
Nov '160
Dec '162
Jan '170
Feb '170
Mar '170
Apr '170
May '170
Jun '172
Jul '170
Aug '171
Sep '170
Oct '170
Nov '170
Dec '171
Jan '182
Feb '182
Mar '180
Apr '180
May '180
Jun '181
Jul '180
Aug '181
Sep '180
Oct '182
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '192
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '202
Feb '200
Mar '201
Apr '200
May '202
Jun '200
Jul '200
Aug '201
Sep '201
Oct '200
Nov '201
Dec '200
Jan '210
Feb '210
Mar '210
Apr '210
May '210
Jun '211
Jul '210
Aug '210
Sep '210
Oct '211
Nov '212
Dec '212
Jan '221
Feb '220
Mar '222
Apr '221
May '220
Jun '221
Jul '222
Aug '223
Sep '220
Oct '220
Nov '221
Dec '221
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '230
Jul '230
Aug '232
Sep '230
Oct '231
Nov '230
Dec '230
Jan '240
Feb '240
Mar '241
Apr '241
May '240
Jun '241
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '252
Feb '250
Mar '250
Apr '251
May '250
Jun '250
Jul '252
Aug '250
Sep '251
Oct '251
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '261
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

Toba Capital: Enterprise Software is the largest displayed sector by deal count (54 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

Toba Capital: Enterprise Software is the largest displayed sector by deal count (54 deals). All available history
SectorDeals
Enterprise Software54
Data, Analytics & IT27
Professional Services21
AI & Machine Learning20
Networks, Cloud & Communication17
Health & Life Sciences16
Cybersecurity & Privacy14
Consumer & Lifestyle8
E-Commerce & Retail7
Marketing & Advertising7
Developer Tools7
Clean Energy & Sustainability5
Real Estate & Construction4
Hardware & Robotics4
Social & Community Platforms4
Fintech3
Media & Entertainment3
Transportation & Logistics2
Gaming & eSports2
Education & Workforce1
Manufacturing1
Food & Agriculture1

Deal Size Distribution

Toba Capital: 91 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

Toba Capital: 91 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M12
$5M-$10M23
$10M-$25M32
$25M-$50M14
$50M-$100M7
$100M-$250M2
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

Toba Capital: United States has the largest recorded deal count among the displayed regions (84 deals).All available history.

Top 4 of 4 regions; European countries are grouped as Europe.

Toba Capital: United States has the largest recorded deal count among the displayed regions (84 deals). All available history
RegionDeals
United States84
Europe4
Israel2
Canada1
Toba Capital: 20 co-investors are shown, with Insight Partners sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

Toba Capital: Led accounts for 43% and participating for 57% of round participation.All available history.
Toba Capital: Led accounts for 43% and participating for 57% of round participation. All available history
CategoryDeals (count)Share (%)
Led3943%
Participating5257%
Toba Capital: Single-lead accounts for 77% and co-led for 23% of lead dynamics.All available history.
Toba Capital: Single-lead accounts for 77% and co-led for 23% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead3077%
Co-led923%

Team

Jeffrey Kuo

Venture Investor

Julie Liu

Investor

Steve Goodman

Partner Emeritus and Co-Founder