Private EquityRIA · CRD 341911SEC-RegisteredPrivate Fund Adviser

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Startup Capital Ventures

Startup Capital Ventures is a Menlo Park early-stage VC led by Tom Toy, investing $250K–$1M in capital-efficient B2B tech since 2005.

Startup Capital Ventures

Startup Capital Ventures

Startup Capital Ventures began deploying in 2005 from Menlo Park, with Tom Toy as a named investment lead. The firm operates a classic early-stage venture model but applies it through a lens of capital efficiency, favoring companies with proof of first revenue that can scale without excessive dilution. SCV focuses on capital-efficient B2B technology companies, writing initial checks from $250,000 up to $1 million, with reserves for follow-on rounds. The firm typically co-invests alongside other leading funds at the Series Seed and Series A stages. Its sector emphasis spans FinTech, Cloud/SaaS, Security, Healthcare IT, and IoT. The portfolio reflects broad execution: confirmed holdings over two funds include SI-BONE, TuneIn, Elevate, Ring, Xignite, and WhiteHat Security, with several exits to acquirers such as EMC and Broadsoft. Geographic coverage concentrates on Silicon Valley, with selective investments in Hawaiʻi and elsewhere. The firm maintains a lean profile with an additional office in Honolulu. While no team listings are publicly disclosed, Tom Toy appears as the primary relationship manager for portfolio CEOs. The portfolio page references two funds raised since inception, though specific fund sizes and total deployment remain undisclosed. Structurally, SCV differentiates itself by targeting companies that require relatively small amounts of capital to achieve success — a true capital-efficiency mandate rather than standard software investing. It operates without a large institutional apparatus, co-investing alongside other lead funds rather than leading rounds itself, which defines a syndicate-dependent posture distinctive among early-stage managers.

General information

Firm type

Private Equity

Year founded

2005

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Menlo Park

Corporate office

Menlo Park, CA, United States

Additional offices

Honolulu, HI, United States

Principals

Tom Toy

Investor

Bing Doh

CEO, Healthcrowd (reference)

Sector focus

FinTechEnterprise SoftwareCybersecurityHealthcare ServicesIoT

Frequently asked questions

Who runs investment decisions at Startup Capital Ventures?

The firm does not publicly list a team page, but Tom Toy is the named principal associated with portfolio support and investment decisions. CEO references from portfolio companies like Healthcrowd cite Toy as the key relationship manager.

How does SCV define capital efficiency, and why does it matter for their strategy?

SCV defines capital efficiency as companies that require relatively small amounts of capital to achieve success. This aligns the firm with founders who prioritize sustainability and ownership preservation. The mandate also allows SCV's fund size to stay manageable while participating in rounds alongside larger, name-brand co-investors.

What investment stages does Startup Capital Ventures typically target?

The firm invests at the early stage, specifically Series Seed and Series A rounds, with initial checks ranging from $250,000 to $1 million. It reserves capital for future funding rounds in its portfolio companies.

Does SCV lead rounds, or do they co-invest?

SCV typically co-invests alongside other leading venture funds. The firm positions itself as a collaborative partner rather than a lead investor, which fits its capital-efficient mandate and smaller check size.

Which sectors does Startup Capital Ventures focus on?

The firm focuses on FinTech, Cloud/SaaS, Security, Healthcare IT, and IoT. Portfolio examples across these sectors include TuneIn (media), Elevate (FinTech), WhiteHat Security (Security), and SI-BONE (Healthcare).

What is SCV's geographic investment scope?

SCV concentrates on Silicon Valley-based companies but also makes selective investments in Hawaiʻi and other regions. The firm maintains an office in Honolulu alongside its Menlo Park headquarters.

How many funds has Startup Capital Ventures raised?

According to the firm's website, SCV has invested across two funds since its founding in 2005. Specific fund sizes and the total amount of capital raised have not been publicly disclosed.

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