Newport Beach-based Toba Capital, OC’s largest venture capital firm, led a $6.4 million Series A round for San Francisco-based analytics services provider Skupos Inc.
Other backers included Chattanooga, Tenn.-based Dynamo Fund, Minneapolis-based Loup Ventures, and existing investors from the company’s seed round.
Skupos, founded in 2016, has raised $11 million to date. This newest funding will be used to “accelerate the progression into the [convenience-store] industry,” the funding announcement said.
Toba Capital partner Patrick Mathieson said Skupos has grown from three founders to employing more than 30. Toba was created in late 2012 by Vinny Smith, the former chief executive of Aliso Viejo’s Quest Software, which was sold to Dell for $2.4 billion.
