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The Venture Codex

Woven Capital

Nihonbashi Muromachi Mitsui Tower, 3-2-1 Nihonbashimuromachi, Tokyo, Chuo-ku, 103-0022, Japan

Overview

Woven Capital is an investment fund that supports growth-stage companies focused on technology and innovation in mobility. It invests in growth-stage companies that are developing innovative technologies and business models in areas such as autonomous mobility, automation, artificial intelligence, machine learning, data and analytics, connectivity, and smart cities.

Total investments
16
Lead investments
8
Investments · 12mo
6
Active investors
6

Sector focus

  • Analytics
  • Artificial Intelligence (AI)
  • Autonomous Vehicles
  • Machine Learning
  • Smart Cities
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Investment portfolio

  • Muon Space

    Participated · Series C · Aug 2026

    Founded in 2021 and headquartered in Mountain View, Muon Space builds end-to-end satellite constellations by integrating spacecraft, payloads, software, operations, and data into a single Mission Foundry platform. In the first half of 2026 the company launched seven satellites, bringing its total to 11 satellites deployed across six launches with a 100% mission success record. Muon recently opened an advanced manufacturing facility in San Jose designed to produce up to 500 satellites annually by 2027 and currently has over 50 satellites in development, including 13 already manifested for launch over the next year. The company serves commercial, government, and international sovereign customers and is bringing multiple customer constellations into operation in 2026, including Vindlér® 2.0 for SNC and FireSat developed with Earth Fire Alliance and Google.org. Muon is also investing in on-orbit AI compute, advanced payloads, and real-time ultra-high-bandwidth connectivity partnerships to expand its mission capabilities.

  • Moove

    Led · Series C · Aug 2026

    Founded in 2020 in Nigeria and now headquartered in Dubai, Moove started as a vehicle-financing startup and expanded into ride-hailing and deliveries in Africa before moving into autonomous vehicle operations in 2023. The company currently owns and operates a 42,000-vehicle human-driven ride-hailing fleet across 14 countries and employs about 3,300 people globally while continuing to provide vehicle financing to gig drivers. Moove serves as the fleet operator for Waymo in Phoenix, Miami and Las Vegas and plans future operations in London; it also already owns robotaxi vehicles from another AV developer. The firm intends to acquire robotaxis via debt financing and aims to scale to potentially hundreds of thousands of vehicles over time. Moove is investing in automated depots called Nests to enable around-the-clock, robotics-assisted charging, maintenance and servicing, and expects its traditional mobility business to achieve full profitability this year.

  • Xona Space Systems

    Participated · Series C · Mar 2026

    Xona is developing Pulsar, a Low Earth Orbit PNT constellation designed to provide centimeter-level positioning, stronger signals, and military-grade encryption while remaining compatible with existing GPS devices. The company plans a full constellation of 258 satellites and says its satellites fly closer to Earth and broadcast signals that are substantially stronger than legacy GNSS systems. Xona reports over a dozen commercial receiver partners already tracking Pulsar signals, with field testing underway across critical infrastructure, construction, agriculture, and IoT applications. Early customers in timing-critical sectors are expected to benefit from initial constellation coverage as soon as 2027. To support rapid deployment, Xona is building a manufacturing facility in Burlingame and expanding operations in Montreal and London, aiming to produce satellites at a cadence the company says will outpace traditional national production rates.

  • Machina Labs

    Participated · Series C · Feb 2026

    Machina Labs is an advanced manufacturing and robotics company headquartered in Los Angeles, CA. The firm deploys artificial intelligence, machine learning and proprietary RoboForming technology to transform digital designs directly into aerospace- and defense-grade metal structures. Its flagship platform, RoboCraftsman, equips intelligent factories to rapidly form and assemble parts at production scale, offering a software-defined alternative to traditional metal fabrication. Current customers include the U.S. Department of War, several defense primes, and leading mobility manufacturers. By integrating robotics with adaptive software, Machina Labs aims to shorten production cycles and lower the costs of high-performance metal parts. The newly secured capital will fund expanded operations and continued product development, positioning the company to grow its footprint across defense and commercial sectors.

  • CesiumAstro

    Participated · Series C · Feb 2026

    Founded in 2017, CesiumAstro designs and manufactures full-stack, software-defined communications payloads, processors, and complete small satellites. Its core Element platform combines modular, in-house-built hardware with AI that optimizes signals in real time, allowing operators to reconfigure missions after launch. The technology has been flight-proven on eight SpaceX launches and targets dense low-Earth-orbit constellations as well as defense applications. By integrating payloads, satellites, and processors under one roof, the company aims to shorten upgrade cycles and reduce costs compared with legacy providers. With fresh capital, CesiumAstro will scale U.S. manufacturing, open a 270,000-square-foot headquarters near Austin, and increase hiring in the United States, United Kingdom, Germany, and Japan. The firm also plans to accelerate launches of its Element satellites, advance its AI capabilities, and pursue additional defense contracts through at least 2027.

Team