Located in the San Francisco Bay Area, Toyota Ventures is Toyota's first independent venture capital firm that aims to discover and support the next big ideas in technology and sustainability. Established in July 2017, the firm invests in early-stage startups worldwide and focuses on delivering value and building long-term relationships to help startups succeed by offering guidance to companies at every step of their development.

With total assets under management crossing over $500 million, the firm has two $150 million early-stage funds: the Toyota Ventures Frontier Fund and the Toyota Ventures Climate Fund. The VC firm has invested in 38 companies in sectors like artificial intelligence, autonomy, cloud computing, data, mobility, and robotics, and will continue to explore these areas while also increasing its focus to areas like smart cities, digital health, financial technologies, materials, and energy.

Toyota Ventures maintains a flexible investment approach without a fixed investment size, focusing on investing in startups during their early stages of development. Some of the notable companies in the firm's portfolio are Agtonomy, Atomic Industries, Jasper, Cobalt Robotics, Dhrishti, ZymoChem, River, and Future Fields, among many others.