# Toku

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/toku-2

- Industry: Software
- Headquarters: Wilmington, US
- Website: www.toku.com
- Total disclosed funding: $48M
- Latest round: Series A (Apr 17, 2025)
- Investors on record: 6

## About

Based in Tokyo, Japan, and founded in 2020, WorkCo, Inc., doing business as Toku operates as an information technology company that offers payroll and tax compliance software for blockchain-based companies. The company was founded by Ken O’Friel and Dominika Stobiecka. In March 2023, Toku raised USD 20 million in venture funding led by Blockchain Capital, Alchemy Capital Management, and gmjp. In April 2025, Toku raised USD 48 million in series A funding led by new investor Oak HC/FT Partners, with participation from returning investors Clocktower Ventures, F-Prime Capital, Gradient Ventures, Honey Island Capital, and Y Combinator.The firm offers Token payroll, token grant administration, tax compliance, local employment, world-class benefits, and distributed HR solutions. The token payroll offered by the firm offers solutions for employers which pays using tokens and fiat. The token grant solutions provide globally compliant legal templates and payroll integrations. These solutions could be used by legal teams, finance teams, and human resource teams. The company plans to use the April 2025, funding to expand its go-to-market strategy in Mexico, Brazil, and Chile and accelerate development of its accounts receivable software platform.

## Funding rounds

- Series A, Apr 17, 2025, $48M — F-Prime Capital, Y Combinator, Oak HC/FT, Gradient Ventures, Honey Island Capital, Clocktower Ventures

## Investors

- F-Prime Capital (https://capitalatlas.ai/funds/f-prime-capital) — Series A
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Series A
- Oak HC/FT (https://capitalatlas.ai/funds/oak-hc-ft) — Series A
- Gradient Ventures (https://capitalatlas.ai/funds/gradient-ventures) — Series A
- Honey Island Capital (https://capitalatlas.ai/funds/honey-island-capital) — Series A
- Clocktower Ventures (https://capitalatlas.ai/funds/clocktower-ventures) — Series A