VC Associate

Role Overview

Toyota Ventures — the San Francisco Bay Area-based venture capital arm of Toyota, with $800M+ in assets under management — is hiring an Associate for its Frontier Fund(s). Founded in 2017, the firm invests in early-stage startups worldwide across deep tech and climate solutions, and has backed more than 100 companies to date, including AM Batteries, Apex Space, Axiom Math, Blackmore (acquired), Efficient Computer, e-Zinc, Intuition Robotics, Joby Aviation (NYSE: JOBY), Natura Resources, Pickle Robot, and Stoke Space.

Key Responsibilities

- Network and participate in industry and VC events and organizations

- Generate deal flow and source high-potential target companies

- Meet with and evaluate companies to make investment recommendations

- Participate in due diligence, competitive analysis, and industry deep dives

- Prepare investment memos and present opportunities to the Investment Committee

- Support deal negotiations and closings

- Analyze industry trends and author market research briefings

- Collaborate with the Toyota Ventures platform team to support portfolio companies

Qualifications

- 4+ years of relevant work experience; prior venture capital experience or an operational role at a technology company preferred

- Bachelor's degree in business, computer science, engineering, or a related field

- Strong understanding of deep tech (AI, advanced materials, automation/robotics, space tech)

- Experience building cap tables, digesting financial statements, and preparing investment memos

- Strong financial modeling skills and advanced Excel/Google Suite proficiency

- Well-networked within the startup ecosystem, entrepreneurial mindset, comfortable with ambiguity

Compensation & Location

The pay range at the commencement of employment is $120,000–$155,000/year for California-based roles (base pay varies by market, experience, and skills). Benefits include 401(k) eligibility, paid time off, parental leave, and an annual cash bonus. The role is based in the San Francisco Bay Area (offices in San Francisco and Los Altos, CA), with remote work possible from other U.S. cities.