/Investor DB

Woven Capital

Corporate VC

Tokyo · Seed–Growth · 29 people tracked

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Investment thesis

Woven Capital is the growth-stage corporate venture arm of Toyota, focused on advancing the future of mobility and beyond. It backs founders building transformative technologies across areas such as autonomous driving, cybersecurity, data and connectivity, space tech, software-defined vehicles, applied and physical AI, smart manufacturing, industrial and warehouse robotics, supply chain, and data infrastructure. It also invests in circularity themes including EV charging and electrification, vehicle circularity, sustainable energy, advanced materials, battery technology, and carbon-neutral technology. The fund invests globally and partners closely with Toyota to help portfolio companies scale.

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Growth
Check
$10M – $50M
HQ
Tokyo, JP
Leads rounds
Leads
Instruments
Equity
Founded
2020
Last 12 months
1 investment
AUM
$800M
Tracked investments
23
Unicorns
2
Acquisitions
2

Team · 29 people

from the firm's website & public directories
Don Ochoa· Partner, Portfolio Success

Partner and Head of Portfolio Success leading portfolio value creation across the firm's ecosystem. He has been an investor, operator, and entrepreneur, with prior roles at Murata Manufacturing, Autotech Ventures, Woven by Toyota, and New Mountain Capital.

Ro Gupta· Managing Directorin

Managing Director at Woven Capital who discusses how Toyota uses corporate venture to compete in AI and robotics.

George Kellerman· Managing Director

George Kellerman heads Woven Capital, the global growth-stage fund of Woven Planet Holdings, having joined as head of investments and acquisitions in May 2020. He previously spent nearly five years at Yamaha Motor Ventures & Laboratory Silicon Valley, rising from COO to CEO and managing director, and earlier was a managing partner at 500 Startups. His prior roles include managing director of Dell Japan's consumer business, VP of international business development at Yahoo Japan, and corporate counsel at Yahoo. He holds a philosophy degree from the University of Hawaii and a law degree from UC Berkeley School of Law.

Michiko Kato· Partner

Promoted to Partner at Woven Capital in 2023.

Nicole LeBlanc· Partner

Partner at Woven Capital focused on corporate VC strategy and value creation, with expertise in climate and hydrogen.

Betty Lee· Principalin

Principal focused on autonomous mobility, AI, and connectivity. She previously invested at SK Telecom Ventures, served as CFO of Jerrick Ventures (now Creatd), and worked at Wolf Popper and UBS Investment Bank.

Jarek Khoilian· Principalin

Principal focused on deep tech across aerospace, defense, and advanced manufacturing. He previously was a senior associate on CIBC's Energy, Infrastructure, and Transition team and an analyst at Meridiam Infrastructure.

Manas Punhani· Principalin

Principal focused on AI for the physical world and critical industries, spanning manufacturing, energy, autonomous mobility, supply chains, AI infrastructure, and robotics. He was previously an associate at Andreessen Horowitz and worked at J.P. Morgan, Owl Ventures, and Oliver Wyman.

Prashant Bothra· Principal

Principal at Woven Capital who led the investment in Third Wave Automation, focused on physical AI transforming industrial operations.

Ayano Kase· Investorin

Investor focused on industrial technologies and AI across manufacturing, supply chain and logistics, energy, and the circular economy. She previously led corporate strategy initiatives at Woven by Toyota and worked as a consultant at BCG.

Chris Starkey· Head of Financein

Head of Finance with over 10 years of finance and accounting experience across automotive manufacturing and private equity. He was previously an investment associate at Formation Capital and an auditor at KPMG.

Christopher Heiser· Venture Advisorin

Venture Advisor helping Toyota build relationships with technology companies across AI, automotive, robotics, and space. A serial founder, he was CEO and co-founder of Renovo (acquired by Toyota in 2021) and previously VP and Head of Special Projects at Woven by Toyota.

Daniel Yoo· Marketing Partnerin

Marketing Partner shaping the fund's stakeholder engagement and communications. He was previously Senior Director of Marketing and Communications at Samsung's Strategy and Innovation Center and head of communications at Marvell Technology.

Emiko Hori· Ops & Admin Managerin

Ops & Admin Manager supporting operations and managing the administrative team. She previously served as an executive assistant at LINE Corporation and had a career in the airline industry.

Eric Woodcock· Manager, Portfolio Successin

Manager of Portfolio Success accelerating portfolio company growth and delivering value to the Toyota Group. He spent over eight years at Toyota Motor North America across powertrains, battery systems, and connected vehicle strategy.

Hikaru Sugata· Liaison Managerin

Liaison Manager driving strategic collaboration between Woven Capital and Toyota. He was previously a program manager at Toyota Ventures and began his career as a robotics software engineer at Toyota; he holds several dozen patents.

Keiko Ichikawa· Communications Managerin

Communications Manager shaping strategic communications on emerging mobility technologies. She previously worked as a communications specialist at UN agencies and began her career as a foreign news correspondent at TBS.

Keiko Yamaoka· Operations Managerin

Operations Manager handling global operations and supporting investment activities. She was previously Director of Investments at Pegasus Tech Ventures in Silicon Valley and began her career at Rakuten.

Ken Suzuki· HR Advisorin

HR Advisor with two decades of cross-border HR, finance, and executive advisory experience. He joined in 2025, having previously been a partner at Heidrick & Struggles Tokyo and Head of HR Japan at BlackRock.

Kurumi Nalezyty· Team Assistantin

Team Assistant providing executive support to Partners and Directors in Tokyo and Silicon Valley. She previously worked in HR and childcare education roles in Michigan and began her career as a travel consultant at H.I.S.

Lisa Barker· Executive Assistant

Executive Assistant providing support to the CEO, COO, and Marketing Partner. She was previously an EA at Woven by Toyota and held marketing and account management roles at AT&T.

Mia Panzer· Chief Operating Officerin

COO overseeing operations, finance, HR, and legal. She previously held senior roles at Woven by Toyota including Head of Corporate Strategy, was finance and operations leader at CARMERA, and worked at Goldman Sachs and Bloomberg.

Michael Dorazio· Sr. Manager, Portfolio Successin

Senior Manager of Portfolio Success building strategic collaborations between portfolio companies and Toyota's North American business units. He spent over a decade working with Toyota and other OEMs on connected vehicles and software transformation.

Randy Maekawa· Sr. Portfolio Finance Manager

Senior Portfolio Finance Manager working with finance and investment teams on portfolio performance. He previously worked in Corporate Development at Woven by Toyota and held M&A and advisory roles at KPMG, Caesars, and MGM; an active CPA.

Tak Ikushima· Sr. Manager, Portfolio Successin

Senior Manager of Portfolio Success who connects portfolio companies with Toyota businesses. He previously led the global Industrial & Automotive Business Unit at Intel's Programmable Solutions Group (Altera).

Yusuke Matsui· Investorin

Investor pursuing opportunities across energy, mobility, and robotics. He was previously a vice president at climate-tech fund Marunouchi Innovation Partners and began his career at NYK Line.

Yuta Yamakita· Liaison Managerin

Liaison Manager fostering relationships between portfolio companies and Toyota, with expertise in materials R&D and carbon neutrality. He was previously a technical advisor at the Toyota Research Institute.

Alissa Schneideman· Investorin

Investor supporting deal sourcing, due diligence, and execution. She was previously an M&A advisory associate at EY Tokyo and worked at BDA Partners on Asia-related M&A deals.

Will Fung· Principalin

Principal investing across mobility, automation, robotics, smart cities, and AI/data businesses. He was previously a principal at Samsung Catalyst Fund and worked as a product manager and engineer at Kovio; named a Top 50 Rising Star by Global Corporate Venturing in 2022.

What they invest in

from 20 of 23 portfolio companies

AI & Machine Learning ×9Hardware ×6Robotics ×6Mobility & Transportation ×5Deep Tech ×4SaaS ×4Climate Tech ×3Energy ×3

HQs:United States×11Japan×2Belgium×1Norway×1

Who they back

founder profiles across 18 portfolio companies
17%
solo founders
3 of 18 mapped founding teams
12%
repeat founders
of 26 founders with career history
~6 yrs
old at investment
median across 10 dated deals

Founding team size:solo founder×32 founders×53 founders×24+ founders×8

Where their founders studiedfrom 23 founders with education data

Stanford University ×5University of Oxford ×3Nagoya University ×2The London School of Economics and Political Science (LSE) ×2

What their founders studiedfrom 24 founders with field-of-study data

Engineering ×12Business & Management ×4Computer Science ×4

Where their founders worked beforefrom 26 founders with career history

Google ×6SpaceX ×3Blue Origin ×2Lyft ×2McKinsey & Company ×2Stanford University ×2

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

5 founders hold a PhD · 4 hold an MBA (of 26 with degree data)

Investments · 23 tracked

founders shown can be your intro path

By year:2026 · 12025 · 62024 · 22023 · 22022 · 112 dated

Corvus Energycorvusenergy.comin✓ verified

Corvus Energy designs and manufactures marine battery energy storage systems for electrification of maritime vessels.

CleantechClimate TechEnergyHardwareBergen, NO

Fredrik Witte(CEO)in

Co-investorsEquinor VenturesMorgan Stanley

Cesium Astrocesiumastro.comin𝕏

CesiumAstro builds active phased array communications systems and software-defined payloads for space and defense applications, including inter-satellite crosslinks, downlinks, and 5G non-terrestrial network connectivity.

Defense TechHardwareSpace TechAustin, US

Shey Sabripour(Founder)inJonathan Hodock(Director)Daniel Sable(Director)

BoardThomas D?Halluin(Director)inWen Hsieh(Director)in

Co-investorsAlumni VenturesAssembly VenturesIn-Q-TelInMotion VenturesIronGate Capital AdvisorsKleiner Perkins+6 more

Compredictcompredict.aiin

Vehicle data/virtual sensor company; Series B led by Woven Capital.

Co-investorsTechFoundersVektor PartnersBlackBerry IVY Innovation FundShift4Good

ElliQelliq.comAug 2023

ElliQ is a voice-operated companion device for older adults that offers medication reminders, health and pain tracking, exercise suggestions, and a wellness program, along with tools to share messages and photos with family and caregivers.

ConsumerDigital HealthWellness & Fitness

Co-investorsForerunner VenturesTerra Venture PartnersOurCrowdToyota VenturesWestern Technology Investment

Foretellixforetellix.comin𝕏Dec 2023 · $85MAcquired

Verification and validation platform for automotive safety.

AI & Machine LearningDeep TechMobility & Transportation

Ziv Binyamini(Founder)inGil Amid(Founder)inYoav Hollander(Founder)in

Co-investors83NorthNext Gear VenturesOurCrowdReshapeSynapse PartnersV1 VC+6 more

Intuition Roboticsintuitionrobotics.comin𝕏

Intuition Robotics develops an empathetic digital companion designed to help older adults live independently at home while supporting their health and wellbeing.

AI & Machine LearningDigital HealthRoboticsPalo Alto, US

Dor Skuler(Founder)inItai Mendelsohn(Founder)inRoy Amir(Founder)

Co-investorsAurum Venture PartnersBloomberg BetaManiv MobilitySamsung NextTransLink CapitalUnion Tech Ventures+6 more

Machina Labsmachinalabs.aiin𝕏

Machina Labs builds and operates software-defined factories using AI-guided robotics to manufacture complex metal structures and components from digital designs.

Advanced ManufacturingAI & Machine LearningRoboticsChatsworth, US

Edward Mehr(Founder)inBabak Raeisi Nia(Executive Officer, Director)Babak Raeisinia(Founder)

BoardPeter Lee(Director)inScott Brady(Director)inSam Smith-Eppsteiner(Director)in

Co-investorsAIX VenturesAlumni VenturesATEL VenturesAtento CapitalBalerion Space VenturesCadron Capital Partners+19 more

Novanovahq.comin𝕏Oct 2025 · $510MAcquired

Nova provides software for deal management and data sharing in private markets, serving investors and financial professionals.

FintechSaaSDallas, US

Pradyuman Vig(CEO)inBryan Pirtle(Founder)inWill Dinkel(Founder)inIan MacalinaoJeffrey Tong(Advisor)inKate Mellinger(Head of Revenue)

Co-investorsBusiness Growth FundCoinbase VenturesGV (Google Ventures)Terrence YangUtopian VenturesY Combinator+15 more

Novajoinnova.coOct 2025 · $510M

JoinNova is a content and community platform for remote workers and digital nomads, providing advice and guides on working remotely from anywhere in the world.

Creator EconomyFuture of WorkMedia & Entertainment

Co-investorsScribble VenturesChemistryIndustrious VenturesNFXToyota Ventures

Nuronuro.aiin𝕏

Nuro develops the Nuro Driver, a Level 4 self-driving system combining automotive-grade hardware and AI software that can be integrated into personally owned vehicles and commercial fleets.

AI & Machine LearningMobility & TransportationRoboticsMountain View, US

Dave Ferguson(Founder)inJiajun Zhu(Founder)inAndrew Chapin(Chief Operating Officer)inMike Mancini(Chief Financial Officer)James Owens(Chief Legal & Policy Officer)Andrew Clare(Chief Technology Officer (as of September 2024))in

Co-investorsUberArc AngelsBaillie GiffordBasis Set VenturesBow CapitalConnetic Ventures+15 more

Ridecellridecell.cominSeed

Ridecell provides an AI-powered asset intelligence and orchestration platform for automotive leasing and finance companies.

AI & Machine LearningEnterprise SoftwareMobility & TransportationSaaSSan Francisco, US

Aarjav Trivedi(CEO)inArunJit Ray Chowdhury(Principal Engineer - Autonomous Driving)inSrinivas Reddy Aellala(Principal Product , Autonomous Driving)inViswanathan Mahalingam(Engineering Manager)Jacqueline Haydon(Chief of Staff)

Co-investorsACTIVATE CAPITAL PARTNERSAlly VenturesBeyond1435 GmbHBMW i VenturesConvergeDeutsche Bahn Digital Ventures+25 more

Shippeoshippeo.comin𝕏Jan 2025 · $30M

Shippeo provides a real-time supply chain visibility platform that combines carrier network connections, AI enrichment, and data validation to deliver reliable shipment tracking and predictive ETAs.

AI & Machine LearningClimate TechData & InfrastructureLogistics & Supply ChainSaaS

Lucien Besse(Founder)inBrice Hua(Founder)David Barre(Founder)Jean-Bastien Dussart(Founder)Pierre Khoury(Founder)Thibaut Morlot(Founder)

Co-investorsBattery VenturesFrstGaia VenturesGrand VenturesLFX Venture PartnersNGP Capital+3 more

Stoke Spacestokespace.comin𝕏Jan 2025 · $1B

Stoke Space develops fully reusable rockets for space transportation and mobility services.

Advanced ManufacturingDeep TechHardwareSpace TechSeattle, US

Andy Lapsa(Founder)inTom Feldman(Founder)inKelly Hennig(Executive Officer)inSula Bondaruk(Recruiter)Marla Nielsen(Recruiting Coordinator)Chantal Penton(Recruiter)

Co-investorsAcequia Capital (AceCap)AF WPartnersATEL VenturesAurelia FoundryBalerion Space VenturesBeyond Capital+57 more

Tactatacta.ioinJun 2025 · $75M

Tacta provides custom-built technology solutions to address complex business challenges for enterprise clients.

Developer ToolsEnterprise SoftwareBrussels, BE

Co-investorsProvectus Capital PartnersAmerica's Frontier FundB CapitalMatter Venture PartnersSBVASoftBank Group+2 more

Tacta Systemstactasystems.com

Tacta Systems is a robotics company building "Dextrous Intelligence," a control system that lets robots perform delicate, variable, human-like tasks with flexibility and autonomy.

AI & Machine LearningDeep TechRobotics

Co-investorsAmerica's Frontier FundB Capital GroupB4 CapitalKleiner PerkinsMatter Venture PartnersSoftBank Group

Third Wave Automationthirdwave.aiinOct 2024 · $27M

Third Wave Automation develops physical AI, robotics, and automation technology for warehouse operations, aimed at improving warehouse safety and efficiency.

AI & Machine LearningLogistics & Supply ChainRoboticsUnion City, US

Arshan Poursohi(Founder)inDr. James R Bruce(Chief Technology Officer)Vinay Balan(Vice President Operations & Chief Safety Officer)inAl Biglan(Vice President Engineering)inVictor Osimitz(Vice President Strategy & Commercial)inArshan Poursohi Mac Mason(Founder)

Co-investorseGateway CapitalHeartland VenturesHeartland Ventures S7HomebrewNorwest Venture PartnersQualcomm Ventures+3 more

UVeyeuveye.cominJan 2025 · $191M

UVeye builds automated vehicle inspection systems that scan cars to detect damage, tire wear, and alignment issues, documenting vehicle condition at check-in.

AI & Machine LearningHardwareMobility & TransportationTeaneck, US

Amir Hever(Co-Founder & CEO)inOhad Hever(Co-Founder & COO)in

Co-investorsF.I.T VenturesHanaco Venture CapitalLumir VenturesNext Gear VenturesSeedIL VenturesUMC Capital+2 more

WeaveGridweavegrid.comin𝕏Dec 2024 · $28M

WeaveGrid provides software and grid management solutions that help utilities integrate electric vehicle charging and distributed energy resources without expanding infrastructure.

Climate TechEnergyIoTSaaSSan Francisco, US

Apoorv Bhargava(CEO and Cofounder)inJohn Taggart(President and Cofounder)in

Co-investorsACTIVATE CAPITAL PARTNERSBreakthrough Energy VenturesClimacticCoatue ManagementCollaborative FundCongruent Ventures+5 more

Whillwhill.incMay 2022

WHILL manufactures award-winning mobility scooters and power chairs designed to provide users with increased independence and mobility.

HardwareHealthtechMobility & TransportationRoboticsTokyo, JP

Junpei NaitoinKenji GohoMuneaki FukuokainSatoshi Sugie

BoardShinji Oshige(Director)

Co-investors15th Rock500 GlobalDG Ventures, Inc.Iwagin Mirai InvestmentMCP Asset ManagementNippon Venture Capital+13 more

Xona Space Systemsxonaspace.comin𝕏Mar 2026 · $170M

Xona Space Systems operates Pulsar, a positioning, navigation, and timing (PNT) service delivered from a constellation of small satellites in Low Earth Orbit that broadcasts a new signal to augment or replace GPS.

Deep TechHardwareSpace TechBurlingame, US

Brian Manning(Founder)inTyler Reid(Founder)inAdrien Perkins(Director)inPaul Tarantino(Founder)Jay Zaveri(Director)

BoardSky Dayton(Director)in

Co-investorsAloniqArmada Investment AGBeyond Earth VenturesCapital InnovatorsCraft VenturesCross Culture Ventures+21 more

エネコートテクノロジーズenecoat.com𝕏

EneCoat Technologies develops and manufactures perovskite solar cells (PSCs) and related materials.

CleantechEnergyNew MaterialsKyoto, JP

加藤尚哉 (Naoya Kato)(Representative Director / Executive Officer / CEO)堀内保 (Tamotsu Horiuchi)(Director / Executive Officer / CTO)

Co-investors15th RockGlobal BrainKyoto University Innovation CapitalMIRAI SOUZOUMonozukuri VenturesNippon Venture Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

2150LD Carbon

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Woven Capital made?
Woven Capital has 23 tracked investments, 2 of which have exited, including 9 dated in the last 24 months.
What stage does Woven Capital invest at?
Woven Capital invests at the Seed, Series A, Series B, Series C, Growth stages.
What is Woven Capital's typical check size?
Woven Capital typically writes checks of $10M – $50M.
What sectors does Woven Capital focus on?
Woven Capital focuses on Advanced Manufacturing, AI & Machine Learning, Cleantech, Climate Tech, Cloud Computing, Consumer, Cybersecurity, Data & Infrastructure, Deep Tech, Energy, Enterprise Software, Hardware, IoT, Logistics & Supply Chain, Mobility & Transportation, New Materials, Robotics, SaaS, Space Tech.
Where is Woven Capital located?
Woven Capital is headquartered in Tokyo, JP.
Does Woven Capital lead rounds?
Yes, Woven Capital leads investment rounds.
Who does Woven Capital co-invest with?
Woven Capital most often shares deals with ACTIVATE CAPITAL PARTNERS, Congruent Ventures, In-Q-Tel, among 200 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Ro Gupta, Woven Capital: How Toyota uses corporate venture to win in AI and robotics

EUVC · Ro Gupta

Ro Gupta on Toyota's Speedboat Strategy for Venture-Driven ...

Metis Strategy · Ro Gupta

EUVC Live at The Drop: Nicole LeBlanc, Woven Capital: Toyota’s Testbed for Climate and Deep Tech

EUVC · Nicole LeBlanc

George Kellerman, Woven Capital

Global Corporate Venturing · George Kellerman

George Kellerman, founding managing director of Woven Capital, spoke at GCV's Symposium

Global Corporate Venturing · George Kellerman

Nicole LeBlanc, Woven Capital: Corporate VC, Strategic Alignment & Value Creation at Scale

EUVC · Nicole LeBlanc

Images

Woven Capital photoWoven Capital photoWoven Capital photoWoven Capital photoWoven Capital photo

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