Source: Bloomberg
Summary
Woven Capital, Toyota’s growth-stage venture capital arm, invests in startups focused on space, cybersecurity, and autonomous driving. The fund is led by President and CEO George Kellerman, who said the firm is committed to supporting founders building innovative technologies. Woven Capital has made several investments in the space and cybersecurity sectors. The firm’s investment strategy is focused on backing companies with strong growth potential.
Our Reading
The launch follows a familiar script.
Woven Capital invests in space and cybersecurity startups, because that’s what every venture capital arm is doing these days. Toyota’s growth-stage fund is led by George Kellerman, who is “committed” to innovation. Woven Capital has made some investments, but we’re not sure what’s new about this. It’s not like Toyota is the first company to invest in autonomous driving.
The announcement sounds like every other venture capital firm’s announcement. Woven Capital is “focused” on growth-stage companies, which is code for “we’re looking for startups that can make us money.” The firm’s investment strategy is to back companies with “strong growth potential,” which is not exactly a bold move.
Author: Evan Null
