Tofino Capital, an early-stage venture capital firm that says it will focus on emerging countries, has announced the establishment of a $10 million fund, with $5 million already raised.
Eliot Pence and Aubrey Hruby were the founders of the business. According to his business description, Pence oversaw global expansion at Anduril Industries. He graduated from Yale University and the University of Victoria.
Hruby is the co-author of “The Next Pakistan,” a book about the country’s future prospects. She was senior vice president of the National Venture Capital Association and managing director of the Whitaker Group, a strategic advising business. She graduated from Wharton with a B.A. in economics and an M.A. from Georgetown University.
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Tofino Capital’s staff told TechCrunch that their investments typically range from $50,000 to $500,000. Many retailers and customers don’t want to be on the hook, therefore it’s a lousy match for them. This money will be used by the corporation to invest in several entrepreneurs seeking seed investment across Pakistan.