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Venture Capital
tobacapital.com

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Investments

82

Portfolio Exits

20

About Toba Capital

Toba Capital is a venture firm focused on enterprise software and infrastructure. Toba backs entrepreneurs building transformative businesses, both as an investor and as an ongoing operational partner. The firm was founded by Vinny Smith, an early investor and former CEO of Quest Software.

Toba Capital Headquarter Location

Newport Beach, California,

United States

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Research containing Toba Capital

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CB Insights Intelligence Analysts have mentioned Toba Capital in 4 CB Insights research briefs, most recently on Aug 27, 2020.

Latest Toba Capital News

Hyperproof raises $16.5 Million Series A to expand its compliance operations and security assurance platform

Oct 21, 2021

Hyperproof raises $16.5 Million Series A to expand its compliance operations and security assurance platform BELLEVUE, Wash., October 20, 2021-- Hyperproof, a pioneer in SaaS based Compliance and Security operations, announced today that it has closed $16.5 million in Series A financing led by Toba Capital with participation from existing investors. Toba General Partner, Rajan Aggarwal, will join Hyperproof's board of directors. The company will use the new funding to continue rapid product innovation while further accelerating market adoption across a growing set of industries and use cases. Founded in 2018, Hyperproof has quickly become a disruptive force in the Governance Risk and Compliance (GRC) market with its unique approach to solving the most pressing challenges faced by security and compliance teams. Hyperproof's Compliance Operations SaaS delivers a highly intuitive and efficient experience by streamlining communication and workflows between team members while automating away the most difficult manual tasks such as evidence collection, dashboard creation and reporting. Hyperproof supports more than 50 compliance frameworks and allows compliance teams to efficiently mature their compliance program as their company grows. Supported frameworks include SOC 2, ISO 27000s, FedRAMP, NIST, SOX, CSA, CMMC, and many more. Hyperproof easily connects with cloud services that house compliance data including AWS, Azure, GitHub, Okta, Jamf, Jira, ZenDesk and others, enabling automated evidence gathering and seamless collaboration between organizational stakeholders. Hyperproof, a pioneer in Compliance and Security operations software has closed $16.5 million in Series A financing. "GRC practitioners are forced to rely on spreadsheets to manage compliance programs or quick fix "SOC-in-a-box" automated solutions to pass the next audit. This approach fails to proactively manage risk and compliance in an automated fashion and simply does not scale with the company's growth," said Rajan Aggarwal, Partner at Toba. "Backed by a world class team, Hyperproof is disrupting this space with its integrated risk, compliance and privacy command center essential to successfully managing compliance programs of arbitrary complexity in organizations of all sizes." Security and data privacy regulations are constantly in-flux; organizations are becoming increasingly concerned about their vendors' security posture and demanding their vendors respond to lengthy security questionnaires. More than ever, compliance professionals need tools that help them simplify their lives by staying on top of their key tasks, automating complex processes and proactively preparing for audits. "Security and compliance teams are unsung heroes within their organizations. They struggle under ever increasing workloads and are expected to collect and inspect exponentially more data than even a year or two ago. With this round of funding, we are going to further accelerate our product innovation to bring simple, elegant and complete solutions to our customers and partners in order to take back the high ground in their fight to protect their business, customers, employees and communities," says Craig Unger, Founder and CEO at Hyperproof. Hyperproof has been selected as the platform of choice for compliance operations by market-leading cybersecurity companies such as Sophos, ForgeRock, AppGate and Fortinet, as well as Fortune 1000 companies in highly regulated industries including 3M and Motorola Solutions. In 2021, the company is on track for 400% year over year growth, due to its superior approach to automating compliance and risk management workflows along with the company's pace of product innovation and its relentless focus on customers. Hyperproof has a number of exciting product initiatives in the works. In the coming months, Hyperproof will empower its users to automate testing and monitoring of controls in their environment. This will not only save compliance professionals hours every month, it also provides organizations' leaders peace of mind knowing that the system automatically detects issues as soon as they occur and alerts the right people. Further, people will be able to monitor their risks in real-time. Hyperproof is also working on an ESG (Environmental Social Governance) software solution to help organizations manage their businesses more sustainably while meeting their increased burden of reporting. About Hyperproof: Hyperproof is a software company focused on creating revolutionary software that brings trust to life. To date, Hyperproof has delivered an innovative SaaS compliance operations platform that empower compliance, risk and security teams to stay on top of all compliance work and manage organizational risks (including vendor risks) on a continuous basis. Hyperproof has disrupted the GRC space by tackling a pressing problem ignored by others: helping compliance pros gain control over and effectively manage their ever-growing workload. Hyperproof is used by market leaders in security tech, enterprise software, fintech, healthcare tech, and data communications, including Sophos, ForgeRock, 3M, Outreach, and Motorola Solutions. To learn more about Hyperproof, visit https://hyperproof.io Contact:

Toba Capital Investments

82 Investments

Toba Capital has made 82 investments. Their latest investment was in Hyperproof as part of their Series A on October 10, 2021.

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Toba Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/20/2021

Series A

Hyperproof

$16.5M

Yes

3

8/19/2021

Series B

DermBiont

$19.17M

No

1

4/26/2021

Series A

Small Door Veterinary

$20M

Yes

3

4/22/2021

Seed VC

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$99M

Subscribe to see more

10

11/23/2020

Series B

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$99M

Subscribe to see more

10

Date

10/20/2021

8/19/2021

4/26/2021

4/22/2021

11/23/2020

Round

Series A

Series B

Series A

Seed VC

Series B

Company

Hyperproof

DermBiont

Small Door Veterinary

Subscribe to see more

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Amount

$16.5M

$19.17M

$20M

$99M

$99M

New?

Yes

No

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

1

3

10

10

Toba Capital Portfolio Exits

20 Portfolio Exits

Toba Capital has 20 portfolio exits. Their latest portfolio exit was Dataguise on November 10, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/10/2020

Acquired

1

9/3/2020

Acquired

$991

2

7/16/2020

Acquired

1

00/00/0000

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$991

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10

00/00/0000

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$991

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10

Date

11/10/2020

9/3/2020

7/16/2020

00/00/0000

00/00/0000

Exit

Acquired

Acquired

Acquired

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Companies

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Valuation

$991

$991

$991

Acquirer

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Sources

1

2

1

10

10

Toba Capital Team

1 Team Member

Toba Capital has 1 team member, including undefined undefined, undefined.

Name

Work History

Title

Status

Vinny Smith

Founder

Current

Name

Vinny Smith

Work History

Title

Founder

Status

Current

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