Decarbonization-focused venture capital investor Voyager Ventures announced it has raised $100 million for Voyager Partners Select I, its second venture fund focused on investing in climate technology startups.
Founded in 2021 by Sierra Peterson and Sarah Sclarsic, Voyager Ventures invests in early-stage climate technology companies, advancing global decarbonization solutions for sectors including mobility, energy, materials, food, built environment, analytics, industrial systems and waste removal. carbon.
With the closing of the fund, the company doubles its capital raised for investment in climate technology, following the closing in 2022 of its inaugural $100 million Fund I. Voyager Ventures noted that each fund was oversubscribed due to strong demand for climate solutions.
Sarah Sclarsic, founding partner at Voyager, said:
“The transition to a decarbonized global economy is the biggest investment opportunity of our lifetime, as the world’s biggest industries – from transportation to energy, computing and food – undergo the most rapid changes they have ever seen. We are investing at the forefront of innovation in these sectors. With this fund, Voyager is doubling down on the enormous economic potential of the companies that are leading our economy beyond dependence on fossil fuels.”
The new fund will invest in startups in areas including software, hardware and biotechnology, primarily for Series A investments, but also considering Series B and beyond. Investments to date include carbon accounting software provider CarbonChain, efficient analytics company Intensivate and carbon capture startup Remora.
Sierra Peterson, founding partner at Voyager, said:
“We invest in technologies that can outperform fossil fuel products on price and performance alone, and we are seeing decarbonized products that are simply better technology taking real market share from legacy polluters. The energy transition is a generational opportunity and forward-thinking investors recognize the potential for robust returns in climate technology.”
