TLDR: Toyota Ventures Raises $300M for Frontier Technology and Climate Solutions
- Toyota Ventures announces $300 million in new funds to invest in startups focused on disruptive technologies
- Expansion of funds to support entrepreneurs tackling challenges for a better future for society and the planet
Toyota Ventures, the venture capital arm of Toyota, has announced the launch of two new funds totaling $300 million to expand its investments in startups developing disruptive technologies and business models. The addition of these funds, Toyota Ventures Frontier Fund II (TVFF II) and Toyota Ventures Climate Fund II (TVCF II), brings the firm’s total assets under management to over $800 million. These new funds will focus on cutting-edge technology in areas like AI, robotics, mobility, cloud, and quantum computing, as well as solutions combatting climate change and promoting environmental sustainability. The firm aims to leverage Toyota’s global network, technical expertise, and strategic partnerships to assist startups in its portfolio, with a portfolio support team dedicated to providing guidance in product and business development, fundraising, marketing, and other areas to help companies scale effectively. Toyota Ventures has invested in over 75 startups across various sectors since its founding in 2017, with a focus on areas ranging from artificial intelligence and robotics to hydrogen solutions and renewable energy. Toyota Ventures is based in the San Francisco Bay Area and has portfolio companies in North America, Europe, the Middle East, and Asia-Pacific.
