Tofu closes C$1.2 million pre-seed financing to expand talent referral marketplace

Torys acted as counsel to tofu with a team that included Konata Lake and Max Schwartz-Labell (corporate/technology).

On March 28, 2024, Tofu Technologies Inc. (“tofu”) announced that it raised US$1.2 million in pre-seed funding to scale up its talent referral marketplace to serve more companies and grow its team with product and engineering hires. The marketplace incentivizes companies to share talent gathered during the hiring process with other companies on the platform, making it easier for them to find qualified candidates that other companies have already vetted, but not hired.

The funding round, which closed in early March, took the form of a simple agreement for future equity (SAFE). It was led by Night Capital with support from Garage Capital, San Francisco’s Wayfinder Ventures and Ritual Capital, and angel investor Deva Santiago (former recruiting leader at Rippling, Weebly, and Dropbox and current VP of talent at Tailscale).

Further information can be found on Betakit’s website.

Based in Toronto, Ontario, tofu is a talent sharing marketplace connecting founders, hiring managers and people leaders from top companies with recommended pre-vetted, top talent.