Toyota Ventures logo

Toyota Ventures

North America, California, United States, Los Altos

Description

Toyota Ventures is the venture capital arm of Toyota, established in 2017 to invest in early-stage startups globally. The firm operates two primary funds: the Toyota Ventures Frontier Fund, which focuses on disruptive technologies such as AI, robotics, mobility, cloud, and sustainable energy, and the Toyota Ventures Climate Fund, dedicated to innovations addressing climate change. Its strategic objective is to explore new technologies and business models that align with Toyota's long-term vision for mobility and beyond, while also generating financial returns. The firm emphasizes a collaborative approach, offering portfolio companies access to Toyota's vast resources, expertise, and global network.

Since its inception, Toyota Ventures has demonstrated a commitment to fostering innovation across various sectors. By early 2024, the firm had invested in over 70 companies, showcasing a broad and diversified portfolio. This extensive reach underscores its role as a significant player in the corporate venture capital landscape, actively seeking out and supporting promising startups that are developing cutting-edge solutions. Their investment strategy often involves leading or co-leading seed and Series A rounds, providing crucial early capital to help these companies scale their operations and develop their technologies.

Toyota Ventures' investment scope is quite broad, reflecting Toyota's interest in a future shaped by advanced technology and sustainability. The Frontier Fund, for example, looks at areas like autonomous systems, advanced materials, and human-machine interaction, while the Climate Fund targets solutions in carbon capture, renewable energy, and sustainable agriculture. This dual-fund structure allows them to pursue both foundational technological advancements and specific environmental impact initiatives. Their typical investment range is designed to provide meaningful capital at the early stages, enabling startups to achieve key milestones and attract follow-on funding.

Investor Profile

Toyota Ventures has backed more than 123 startups, with 19 new investments in the last 12 months alone. The firm has led 22 rounds, about 18% of its total and boasts 6 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series A, Seed, Series B rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Canada.
  • Strong thematic focus on Artificial Intelligence (AI), Robotics, Software.
  • Led 7 rounds in the past year.
  • Typical check size: $500K – $8M.

Stage Focus

  • Series A (44%)
  • Seed (23%)
  • Series B (20%)
  • Series Unknown (8%)
  • Series C (2%)
  • Pre Seed (2%)
  • Series D (1%)

Country Focus

  • United States (73%)
  • United Kingdom (7%)
  • Canada (6%)
  • Israel (6%)
  • Australia (2%)
  • India (2%)
  • Mexico (1%)
  • New Zealand (1%)
  • Spain (1%)
  • Lithuania (1%)

Industry Focus

  • Artificial Intelligence (Ai)
  • Robotics
  • Software
  • Automotive
  • Manufacturing
  • Machine Learning
  • Autonomous Vehicles
  • Industrial Automation
  • Transportation
  • Aerospace
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Toyota Ventures frequently co-invest with?

BMW i Ventures
North America, California, United States, Mountain View
Co-Investments: 11
Trucks Venture Capital
North America, California, United States, San Francisco
Co-Investments: 5
MaC Venture Capital
North America, Texas, United States, Abilene
Co-Investments: 6
JetBlue Ventures
North America, California, United States, San Carlos
Co-Investments: 6
Millennium Technology Value Partners
North America, New York, United States, New York
Co-Investments: 5
Point72 Ventures
North America, New York, United States, New York
Co-Investments: 5
Lowercarbon Capital
North America, Wyoming, United States, Jackson
Co-Investments: 10
Mirai Creation Fund
Asia, Tokyo, Japan, Tokyo
Co-Investments: 7
Maniv Mobility
Asia, Tel Aviv, Israel, Tel Aviv
Co-Investments: 7
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 5

Which angels does Toyota Ventures often collaborate with?

Shared Deals: 1
PS
North America, California, United States
Shared Deals: 1
SD
North America, California, United States, Los Angeles
Shared Deals: 1
RC
North America, California, United States, San Francisco
Shared Deals: 1
BB
North America, California, United States, Palo Alto
Shared Deals: 1
MA
North America, California, United States, San Francisco
Shared Deals: 1
JW
North America, Washington, United States, Seattle
Shared Deals: 1
John Clifford
Oceania, Victoria, Australia, Melbourne
Shared Deals: 2
AK
Europe, England, United Kingdom, London
Shared Deals: 1
Shared Deals: 1

What are some of recent deals done by Toyota Ventures?

Xona Space Systems

Burlingame, California, United States

Xona Space builds a LEO satellite network delivering precision GPS alternatives for autonomous systems and critical apps.

AerospaceGPSInformation ServicesNavigationSatellite CommunicationSoftware
Series BJun 26, 2025
Amount Raised: $92,000,000
Future Fields

Edmonton, Alberta, Canada

Future Fields harnesses insect biotechnology to make sustainable recombinant proteins.

AgricultureAgTechAlternative ProteinBiotechnologyCleanTechFarmingLife Science
Series AJun 17, 2025
Amount Raised: $8,000,000
Zymochem

San Leandro, California, United States

Zymochem provides a carbon-efficient bio-manufacturing platform that converts renewable feedstocks into bio-based materials.

BiotechnologyChemicalIndustrialManufacturing
Series UnknownMay 6, 2025
Brain.space

Tel Aviv, Tel Aviv, Israel

Brain.space is a brain-mapping data company.

MedicalSoftware
Series AMar 18, 2025
Amount Raised: $11,000,000
Supercritical

London, England, United Kingdom

Developing the world's first high pressure, ultra-efficient electrolyser and lowest cost of pressurised green hydrogen.

Clean EnergyEnergyRenewable Energy
Series AMar 11, 2025
Amount Raised: $17,400,000
Tereform

Denver, Colorado, United States

Tereform develops novel deconstruction processes to transform waste materials into pristine chemical building blocks.

Chemical EngineeringManufacturingRecycling
SeedFeb 18, 2025
Amount Raised: $1,200,000
CaPow

Be'er Sheva, HaDarom, Israel

CaPow offers a solution that brings perpetual power to automated robotics fleets.

ElectronicsRobotics
Series AFeb 5, 2025
Amount Raised: $15,000,000
Holyheld

Vilnius, Vilniaus Apskritis, Lithuania

Holyheld is an app-based cryptocurrency financial services platform.

SeedDec 5, 2024
Ecolectro

Ithaca, New York, United States

Bringing scalable, low-cost, clean green hydrogen energy to the very near future.

ChemicalManufacturing
Series ANov 14, 2024
Amount Raised: $10,500,000
Starfish Space

Tukwila, Washington, United States

Starfish Space develops and manufactures autonomous space vehicles that perform in-orbit, satellite servicing missions.

AerospaceManufacturingSpace TravelTransportation
Series ANov 13, 2024
Amount Raised: $29,000,000