About Toku
Toku is a company based in Tokyo (Japan) founded in 2021 by Dominika Stobiecka and Kenneth OFriel. Toku has raised $20 million across 1 funding round from investors including OrangeDAO, Quantstamp and Orrick. Toku offers products and services including Token Grant Administration, Token Insider Trading Compliance, Employer-Of-Record, Toku Payroll, and Stablecoin Payroll. Toku operates in a competitive market with competitors including Ledgible, CoinLedger, Tactic, Fyn and Coinpanda, among others.
- Total Equity Funding$20M (USD)
in 1 rounds
- Latest Funding Round$20M (USD), Series B
Mar 2023
- InvestorsOrangeDAO
& 11 more
Products & Services of Toku
Toku offers a comprehensive portfolio of products and services, including Token Grant Administration, Token Insider Trading Compliance, Employer-Of-Record, Toku Payroll, and Stablecoin Payroll.
Platform for compensating teams with tokens and managing grants
Tools to sell tokens without violating trading laws
Service for hiring employees in new markets without local entities
Global payroll system for compliant payments in various currencies
Borderless payroll using stablecoins for tax-compliant compensation
Funding Insights of Toku
Toku has successfully raised a total of $20M through 1 strategic funding round. The most recent funding activity was a Series B round of $20 million completed in March 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $20M
- Total Rounds 1
- Last Round Series B — $20M
- First Round $20M
(Mar 2023)
- Investors Count 12
All 1 funding rounds of Toku with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2023 | $20M | Series B | – | Blockchain Capital |
12 investors in total: 7 institutional and 5 angel.
Investors in Toku
Toku has secured backing from 12 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include OrangeDAO, Quantstamp and Orrick.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital firm investing in the blockchain sector | – | blockchain.capital | San Francisco, United States | |
An early-stage web3 fund is operated with a focus on Japan. | – | gmjp.lol | Japan | |
Blockchain and diverse sectors are targeted for investments by Reverie. | 2021 | reverie.ooo | New York, United States | |
Provider of legal advisory services | 1863 | orrick.com | San Francisco, United States | |
Crypto's future is advanced by OrangeDAO's DAO protocol. | 2021 | orangedao.xyz | San Francisco, United States | |
Smart contract security audits and automated scanning tools are provided. | 2017 | quantstamp.com | San Francisco, United States | |
Diversified investment management is handled by NeW in Tokyo. | 2021 | nextweb.capital | Tokyo, Japan | |
JB Juan Benet | Founder of Protocol Labs, creator of IPFS, active angel investor in tech. | – | unknown_c0561dcda04947228 | - |
NV Nikil Viswanathan | Co-founder of Alchemy, blockchain expert, active angel investor in tech startups | – | unknown_6b46b89b40f8449d8 | - |
JL Joe Lau | Angel investor and entrepreneur, co-founder of Alchemy, focused on blockchain tech. | – | unknown_45e9c409195d492aa | - |
Investor details for Toku
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Toku
19 people are tracked at Toku (10 in leadership, 9 in team).
| Name | Role | Group |
|---|---|---|
Dominika Stobiecka | Co-Founder | Leadership |
Kenneth OFriel | Co-Founder & CEO | Leadership |
Joe G. | Head of Partnerships | Leadership |
Stefan Stadlinger, CFA | Head Of Finance | Leadership |
Carla Sigüenza | Director of Operations | Leadership |
Lexie Tillman | HR Business Partner | Leadership |
Mariana Barbosa | Human Resources Business Partner | Leadership |
Nicole Zur | Head Of People | Leadership |
Sylvia Meyer | HR Business Partner | Leadership |
Karan Jariwala | Director Of Engineering | Leadership |
Kajol Doshi | Senior Manager - Finance | Team |
Ayumi W. | Human Resources Specialist | Team |
Mayur Toshniwal | Finance Controller India | Team |
Mathew Miiller | Senior Release Manager | Team |
Rishabh Gupta | Senior Software Engineer | Team |
Shubham Potdar | Software Engineer | Team |
Sujatha S. | Senior Manager - Treasury And Payables | Team |
Ca Samika Wanjape | Senior Tax And Compliance Manager | Team |
Beatriz Díaz-Guevara | Payroll Manager | Team |
Complete people profiles for Toku
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Toku
2 dated milestones of Toku across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Toku is founded.
- Funding First funding round of $20.0M.
Competitors of Toku
Toku operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Ledgible, CoinLedger, Tactic, Fyn and Coinpanda, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ledgible.io | 2014 | Atlanta, United States | $20M | 10 | Tax and accounting solutions for cryptocurrencies are offered. | |
| coinledger.io | 2018 | Kansas, United States | $6M | – | Cryptocurrency portfolio tracking and tax reporting services are provided. | |
| tactic.com | 1996 | New York, United States | $13.6M | – | Crypto accounting software is developed by Tactic. | |
| fynhq.com | 2018 | Atlanta, United States | $3.2M | – | Online platform for web3 tax calculations | |
| coinpanda.io | 2019 | Oslo, Norway | – | – | Offers a cloud-based solution for cryptocurrency portfolio tracking and taxes. | |
| cryptiony.com | 2021 | Lodz, Poland | $535,135 | – | Software-based cryptocurrency tax solutions platform | |
| koinly.io | 2018 | Singapore | – | – | Tax management software for accountants and cryptocurrency investors | |
| tokenowl.ai | 2023 | New York, United States | $500,000 | – | AI-based cryptocurrency tax reporting platform |
Detailed competitors of Toku
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Toku
The website of Toku (toku.com) receives about 19.9K visits a month.
- Monthly visits19.9K
▲ 10.4% vs previous month
Websites whose visitors overlap most with Toku. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| trytoku.com | 100% | 1.2M | #56,085 | View details | |
tokumodernasian.com | tokumodernasian.com | 59% | – | #2,304,868 | – |
Latest news on Toku
Complete news archive for Toku
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Toku
10 companies that operate in the same segment as Toku (Cryptocurrencies), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border cryptocurrency payments for businesses are enabled through APIs. | 2013 | Boston, Massachusetts, United States | USD 1.51 B | USD 2.75 B | – | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | – | |
App-based platform for exchange and trading solutions for cryptocurrency | 2011 | London, England, United Kingdom | USD 700 M | – | – | |
Terraform Labs is engaged in blockchain technology development. | 2018 | Singapore, Singapore | USD 57 M | – | – | |
Ledger is recognized for providing secure cryptocurrency hardware wallets. | 2014 | Paris, France | USD 575.4 M | – | – | |
App-based wallet and exchange platform for cross-border money transfers | 2013 | London, England, United Kingdom | USD 73.36 M | – | – | |
Cryptocurrency trading, storage, and exchange services are offered online. | 2012 | San Francisco, California, United States | USD 546.62 M | USD 7.18 B | 3,770 | |
Cryptocurrencies are traded and exchanged through an online platform. | 2014 | Mexico City, Mexico | USD 331.35 M | – | – | |
Decentralized exchange platform for cryptocurrency trading is operated. | 2018 | New York, New York, United States | USD 176 M | – | 85 | |
Mobile app for storing and trading cryptocurrencies is utilized. | 2013 | London, England, United Kingdom | USD 13 M | – | – |
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Frequently Asked Questions about Toku
Toku was founded in 2021 and raised its 1st funding round 2 years after it was founded.
Toku is headquartered in Tokyo, Japan. It is registered at Tokyo, Tokyo, Japan.
Kenneth OFriel is the current CEO of Toku. They have also founded this company.
Toku is a funded company, having raised a total of $20M across 1 funding round to date. The company's 1st funding round was a Series B of $20M, raised on Mar 2023.
Toku was established in 2021 and is based in Tokyo, Japan. Token payroll, token grant administration, tax compliance, local employment arrangements, and distributed HR services are delivered through the platform. Focus is placed on the fintech sector, particularly in managing cryptocurrency-based compensation for distributed teams across various geographies.
Toku's top competitors include Ledgible, CoinLedger and Tactic.
Toku offers Token Grant Administration, Token Insider Trading Compliance, Employer-Of-Record, Toku Payroll, and Stablecoin Payroll.
Toku has 12 investors. Key investors include OrangeDAO, Quantstamp, Orrick, NeW, and Reverie.