The firm, founded in 2017 and based in the San Francisco Bay Area, manages over $500 million in assets and has two funds: the Toyota Ventures Frontier Fund, which focuses on disruptive technologies and business models in areas such as artificial intelligence, cloud computing, and smart cities, and the Toyota Ventures Climate Fund, which invests in innovative solutions for carbon neutrality. Toyota Ventures prefers to invest in seed-stage, early-stage, and later-stage companies operating in sectors such as AI, data, mobility, and cleantech. As Toyota's first standalone venture capital firm, Toyota Ventures aims to discover what's next for Toyota by helping startups bring new technologies and business models to market quickly.