Toba Capital

Investor type

VC

Founded

2012

AUM

$1 300 M

Location

Los Angeles, California, United States

Investment Ticket

$0-1 m

Investment Stage

Series B Series A Seed Late Stage (Series C+)

Region of investment

North America Europe
Investor profile last updated: 16 August, 2026

Profile

Toba Capital is a venture capital firm based in Los Angeles and Newport Beach, California, founded in 2012 by Vinny Smith. The firm is composed of senior software executives, including three partners who are current CEOs. Toba Capital is committed to creating technology companies capable of long-term growth and market impact. The team is known for its deep expertise in software, having taken multiple businesses beyond $20 million in sales.

Toba Capital focuses on investing in sectors such as SaaS, IT infrastructure, climate technology, and cybersecurity. They typically invest in Seed and Series A stages, with check sizes ranging from $1 million to $10 million. The firm manages assets under management (AUM) of $1.3 billion and donates 50% of its profits to charity. Toba Capital is a registered investment adviser and actively seeks new investments.

Notable investments by Toba Capital include Allen Control Systems - other hardware, Scotch - business/productivity software, Tebra Technologies - business/productivity software, Bettani - food products, and Wallarm - network management software.

Industry

Fashion/Beauty Financial Services Fintech Food and Beverage Foodtech Gaming Healthcare Services Marketing and Advertising Media and Entertainment Other Real Estate Security Software Sports/SportsTech Telecommunications Transportation Travel Energy LegalTech HealthTech TravelTech SaaS Infrastructure ClimateTech

Toba Capital Funds

Name Type
Questionare
Industry
Questionare
Stage
Questionare
Region
Size AUM Launch date
Toba Capital Fund I LLC
Venture Capital (VC)
SaaS
Infrastructure
ClimateTech
Pre-seed
Seed
Series A
North America
$5-10 m
$38 M
January 2014

Contacts

Name
Title
Email
avatar
Rajan Aggarwal Partner
Partner
r•••@•••
avatar
Susan Su Partner
Partner
s•••@•••
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Investment-team contacts for Toba Capital — including verified work emails and LinkedIn profiles — are available to Private Equity List subscribers.
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FAQs about Toba Capital

Toba Capital is a venture capital firm. It backs companies at Series B, Series A, Seed and Late Stage (Series C+), writing tickets of $0-1 m.
Toba Capital is located in Los Angeles, California, United States.
Toba Capital was founded in 2012.
Toba Capital invests in companies and startups in Fashion/Beauty, Financial Services, Fintech, Food and Beverage, Foodtech, Gaming, Healthcare Services, Marketing and Advertising, Media and Entertainment, Other, Real Estate, Security, Software, Sports/SportsTech, Telecommunications, Transportation, Travel, Energy, LegalTech, HealthTech, TravelTech, SaaS, Infrastructure, ClimateTech.
Toba Capital invests in companies and startups in North America, Europe.
Toba Capital invests in companies and startups at Series B, Series A, Seed, Late Stage (Series C+).
Toba Capital usually invests $0-1 m on average.
Toba Capital has around $1 300m assets under management.
Toba Capital last fund was created/launched in 2014-01-13
Toba Capital can be reached through its website tobacapital.com, its LinkedIn page and its X account. Its general enquiries address is [email protected]. Cold-mailing a general inbox rarely reaches a partner, so Private Equity List also lists the investment-team contacts for Toba Capital — names, roles, verified work emails and LinkedIn profiles — available on a Pro plan from $129/month (see pricing). Contacts are sourced from the firm's website and LinkedIn and re-verified on a rolling cycle. Spot a stale contact, or none at all? Report it — we re-run that firm within 48h and get back to you.
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Private Equity List re-verifies investor profiles on a rolling cycle, pulling from the firm's own website and LinkedIn rather than a one-off import. This profile was last updated on 16 August, 2026. Something out of date here? Report it — we re-run that firm within 48h and get back to you.