Toyota Ventures, the early-stage venture capital arm of Toyota, has announced two $150 million funds to expand its investments in startups developing disruptive technologies and business models at the forefront of innovation.
The addition of the new 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 more than $800 million.
Since its founding in July 2017, Toyota Ventures has furthered its mission of helping Toyota discover what's next by investing in more than 75 startups across 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. With these new funds, the firm can support more entrepreneurs around the world as they tackle tough challenges to build a better future for society and the pla