Lo Toney
VCFounding Managing Partner, Plexo Capital
Plexo Capital founder backing diverse emerging VCs
Background
Lo Toney is the Founding Managing Partner of Plexo Capital, which he incubated and spun out from GV (Google Ventures) in 2017. He holds an MBA from UC Berkeley's Haas School of Business (1997). His operating background includes leadership roles at eBay, Zynga (GM of poker business), and as CEO of coding-education startup LearnStreet. Prior to GV, he was a Partner at Comcast Ventures leading the Catalyst Fund. Plexo Capital operates a two-layered strategy: LP commitments into emerging seed-stage VC funds emphasizing women and underrepresented managers, plus direct co-investments into companies from those portfolios. The firm has made approximately 53 fund commitments and 50 direct investments spanning over 900 underlying companies.
Investment Thesis
Capital allocated to overlooked emerging managers surfaces founders the existing venture establishment consistently misses; invests as LP into diverse seed-stage VC funds, then co-invests directly in their portfolio companies.
Investment Focus
Stages
Sectors
Based in: United States, San Francisco Bay Area (North America)
Notable Investments
Blavity
Media and events platform for Black millennials
PlayVS
Esports platform for high school and college
Wrapbook
Unicorn; payroll management for productions
StyleSeat
Online booking marketplace for beauty and wellness professionals
Synctera
Banking-as-a-service / embedded fintech infrastructure
Breakr
Music marketing platform connecting artists with influencers
Wonderschool
Platform for educators launching in-home preschools
iSono Health
Automated breast ultrasound devices for low-resource settings