The Toyota Invention Partners subsidiary will take a long-term strategy focused on Japan-based startups, eschewing the traditional fixed investment periods found in other funds. Woven Capital general partner George Kellerman described Toyota Invention Partners Co. as a bookend of sorts to the company’s other investment organizations. “One way to think about them (Toyota Invention Partners) is they’re bookending what Toyota Ventures and Woven Capital are doing,” Kellerman said in a phone interview. But Toyota Invention Partners may also stick with a startup throughout all of these stages, and if it really scales, it’ll go to the balance sheet of Toyota, Kellerman added. As part of the new fund announcement, Woven Capital has also been made a wholly owned subsidiary of Toyota.