Find XO: Toyota's Venture Subsidiary Launches $800 Million Second Fund (techcrunch.com)

- Toyota's venture subsidiary, Woven Capital, has started managing its second fund worth $800 million with a new management team. - The fund targets startups at Series B or later stages in space, cybersecurity, autonomous driving, and decarbonization sectors. - Toyota's manufacturing infrastructure and supply chain are highly coveted assets, but shifting product direction just to meet fund criteria would be counterproductive. - It is better to first establish a basis for growth independently, then partner with Toyota when that speed truly needs accelerating.