Toba Capital
 | |
| Private | |
| Founded | Newport Beach, California, United States (2012) |
| Founder | Vinny Smith |
| Headquarters | Newport Beach, CA |
Key people | Vinny Smith, Partner |
| Products | Venture capital for software and technology services startup companies |
Number of employees | 15 |
| Website | http://www.tobacapital.com |
Toba Capital is a venture capital firm based in Newport Beach, California. It was founded in late 2012 by Vinny Smith, former CEO of Quest Software. The company invests in software and technology services companies. It is the largest venture capital firm in Orange County.
The company also has an office in San Francisco.
History
Toba Capital was founded in late 2012 by software executive and venture capitalist Vinny Smith, using an estimated USD$250 million of the $850 million in funds he reportedly received from the sale of his share of Quest Software to Dell.[1][2] The company name comes from the Toba Eruption, a volcanic supereruption theorized to have caused a global winter that supposedly caused a genetic bottleneck in humans.[3] The company chose a stylized volcano for its logo.[3]
In its first year, the company reportedly invested about $150 million in start up software companies.[3]
Investments
Companies Toba Capital has invested in include Alteryx, Bright.com, Cloudant, Mavenlink and SecureAuth.[4] As of December 2016, the company reported investments in 36 companies, and had sold their investments in seven.[4]
References
- ↑ "Toba Capital Founder Reveals Fund Specifics, Partners". wsj.com. 2013-05-24. Retrieved 2016-12-06.
- ↑ "Smith moves on after grueling battle with Dell". ocregister.com. 2013-05-24. Retrieved 2016-12-06.
- 1 2 3 "With Toba Capital, Vinny Smith suddenly emerges as a player in the venture industry". mercurynews.com. 2013-03-04. Retrieved 2016-12-06.
- 1 2 "Toba Capital website". tobacapital.com. Retrieved 2016-12-06.