Early-stage venture capital firm Voyager Ventures announced that it has raised $275 million for its new fund, Fund II, aimed at investing in energy, industrials, and climate technology companies in North America and Europe, described by the firm as “foundational to future abundance.”
Founded in 2021 by Sierra Peterson and Sarah Sclarsic, Voyager Ventures’ initial funds focused on early-stage climate technology companies advancing global decarbonization solutions for sectors including mobility, energy, materials, food, the built environment, analytics, industrial systems, and carbon removal.
With Fund II, the firm said that it will target technologies that modernize the base layer of the economy, spanning energy production and distribution, advanced manufacturing, critical materials, physical AI, and compute. In a post announcing the new fund, Voyager Ventures identified three technological forces that it said are “rewriting the economics of cost, reliability, and quality of life,” including the reshaping of energy systems by distributed, renewable generation and storage; the dropping cost and increasing power of computation, and; the optimization of machines and systems at scale by AI-enabled control.
Sclarsic said:
“We launched Voyager in 2021 to invest early in the foundational technology companies for durable economic growth. Today we’re seeing the market validate demand and scale for energy, critical materials, advanced manufacturing, AI for optimizing physical systems, among other technologies that are drivers of the global economy.”
Investment sectors for the new fund include Energy and Efficiency, Materials Production, Software and AI, Mobility, Built Environment, and Carbon Management, with targeted technologies including those that generate, store, and use energy more efficiently; enable core materials to be produced with speed, precision, and greater efficiency; unlock gains in efficiency, uptime, and operational precision across energy, logistics, and manufacturing; deliver high-performance mobility; optimize how long-lived facilities and assets are designed, built, and run, and; capture, reuse and remove carbon.
Peterson said:
“We are investing in technology companies that create systemic stability in an increasingly volatile world. The economy of the past was built on finite fuels and brittle processes that will continue to hamper prosperity until we transcend them. We’re investing in technology that simply performs better.
