# TodaQ

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/todaq

- Industry: Software
- Headquarters: Toronto, Canada
- Website: https://todaq.net/
- Total disclosed funding: $0.5M
- Latest round: Series A (Sep 30, 2019)
- Investors on record: 2

## About

Founded in 2017 and based in Toronto, Canada, TODAQ Micro Inc. allows businesses to create digital assets and transact the ownership of those assets to another entity. The company was founded by Hassan Khan, Toufi Saliba, and Dann Toliver and received its Seed funding from VentureSouq in January 2018. TodaQ Financial has launched industrial and commercial partnerships across Asia, the Middle East, Africa, and Europe in the healthcare, education, energy, clean tech and financial services sectors. In April 2024, Todaq raised USD 0.05 million in venture funding from returning investor ThreeD Capital.

The company's platform offers a TAZ platform and a mobile marketplace for municipal and national governments, enterprise businesses, and financial institutions that allows merchants and consumers to create any type of digital asset such as tickets, ERP assets, certificates, licenses etc. and securely transact them peer-to-peer with any mobile in under a minute. The company enables interoperable digital asset trade through Adot technology and allows users to directly validate or trade assets without the need for backend services or data integration between different parties or technology systems. The company also provides TDN Wallet for transacting TODA Notes.

The company is planning to implement projects in mining, agriculture, energy, infrastructure & construction, pharmaceuticals, education, retail and digital media across a dozen countries. the company is also planning to launch the TODA Note (‘TDN’) which is an asset backstopped digital note designed to be used for commercial and industrial transactions. The company also plans to add credit, finance, and insurance solutions on TODA where it is valuable to accelerate or de-risk trade. Todaq plans to use its April 2024 funding to enhance its AI capabilities.

## Funding rounds

- Series A, Sep 30, 2019, $0.5M — ThreeD Capital
- Seed, Dec 31, 2017 — VentureSouq

## Investors

- VentureSouq (https://capitalatlas.ai/funds/venturesouq) — Seed
- ThreeD Capital (https://capitalatlas.ai/funds/threed-capital) — Series A