Thursday, May 25, 2017

Vinny Smith's Toba Capital Gets Exit At Codenvy

Toba Capital, the venture capital investment firm founded by Quest Software's Vinny Smith, has scored another exit, this time at San Francisco-based cloud applications tool developer Codenvy. Red Hat said this morning that it has acquired Codenvy, but did not disclosed financial details of the acquisition. Codenvy was backed by both Auriga Partners and Toba Capital, and had raised less than $10M in funding since it was founded in 2013. Vinny Smith founded Toba Capital in Aliso Viejo, after selling Quest Sofware to Dell Software in $2.4 billion in 2012.

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