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Toyota Ventures is the early-stage venture capital arm of Toyota, investing in deep tech and climate tech startups across AI, robotics, mobility, autonomy, carbon capture, and renewable energy. Founded in 2017 and based in Los Altos, California, the firm manages over $800 million in assets across multiple funds.
Deal activity increased 71% year-over-year (12 deals in the last 12 months). Average disclosed round size is $134.1M (across 144 rounds with reported amounts).
Portfolio
111
Fund Size
—
Top Stage
Series A
Last 12 Mo
12
Team
Natalie Fonseca Licciardi
Managing Partner and Chief Operating Officer
Evan Cohen
Senior Portfolio Engagement Director
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
169 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| NNeuromorphic | Seed | $5.1M | Aug 2026 |
 Scentian Bio | Seed | — | Apr 2026 |
| SStarfish | Series B | $100M | Apr 2026 |
 Starfish Space | Series B | $100M | Apr 2026 |
 Autoscience | Seed | $14M | Mar 2026 |
| AAdvanced Machine Intelligence Labs | Seed | $1.0B | Mar 2026 |
 Alora | Unknown | — | Mar 2026 |
 Axiom Math | Series A | $200M | Mar 2026 |
 Efficient Computer | Series A | $60M | Feb 2026 |
 Avalanche Energy | Series A | $29M | Feb 2026 |
 Avalanche | Unknown | $29M | Feb 2026 |
 Axiom | Series A | $20M | Jan 2026 |
| AAMI | Seed | $1.0B | Jan 2026 |
| NNeuromorphic Labs | Seed | $5.1M | Jan 2026 |
 Neuromorphic Labs | Seed | $5.1M | Jan 2026 |
 Zeno | Seed | $25M | Jan 2026 |
 Pila Energy | Seed | $4M | Oct 2025 |
 Stoke | Series D | $510M | Oct 2025 |
| RRodatherm Energy | Series A | $38M | Sep 2025 |
 Mentra | Series A | — | Jul 2025 |
 Xona | Series B | $92M | Jun 2025 |
 Future Fields | Series A | — | Jun 2025 |
| RRodatherm Energy | Series A | — | Jan 2025 |
 Pickle Robot | Series B | $50M | Nov 2024 |
 Pickle | Series B | $50M | Nov 2024 |
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Top Co-Investors
Root Ventures27 shared
SPARX Group Co., Ltd.14 shared
Lowercarbon Capital14 shared
Y Combinator13 shared
JetBlue10 shared
Toyota Motor Corp.10 shared
Scrum Ventures9 shared
Founders Fund9 shared
MaC Venture Capital9 shared
SAIC Capital8 shared
Industrious Ventures8 shared
NFX8 shared
BMW i Ventures7 shared
Omron Ventures7 shared
Gaingels7 shared
Congruent Ventures7 shared
Global Brain Corporation7 shared
8VC6 shared
Capricorn Investment Group6 shared
Last updated: 20 October 2026