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.
- Headquarter Tokyo, Japan
- Founders Dominika Stobiecka, Kenneth OFriel
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Sectors
Financial ServicesTechnology
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$20 M (USD)
in 1 rounds
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Latest Funding Round
$20 M (USD), Series B
Mar 08, 2023
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Investors
OrangeDAO
& 11 more
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Employee Count
Employee Count
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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
People of Toku
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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 Total Funding
- Total Rounds 1
- Last Round Series B — $20.0M
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First Round
First Round
(08 Mar 2023)
- Investors Count 12
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2023 | Amount | Series B - Toku | Valuation | Blockchain Capital |
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 |
|---|---|---|---|---|
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Venture capital firm investing in the blockchain sector
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Founded Year | Domain | Location | |
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An early-stage web3 fund is operated with a focus on Japan.
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Founded Year | Domain | Location | |
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Blockchain and diverse sectors are targeted for investments by Reverie.
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Founded Year | Domain | Location |
Investments & Acquisitions by Toku
Financial Statements - Toku
Toku Comparisons
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 year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Tax and accounting solutions for cryptocurrencies are offered.
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| domain | founded_year | HQ Location |
Cryptocurrency portfolio tracking and tax reporting services are provided.
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| domain | founded_year | HQ Location |
Crypto accounting software is developed by Tactic.
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| domain | founded_year | HQ Location |
Online platform for web3 tax calculations
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| domain | founded_year | HQ Location |
Offers a cloud-based solution for cryptocurrency portfolio tracking and taxes.
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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 08, 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.