Voyager Ventures, a San Francisco, CA- and NYC-based venture capital firm investing in early-stage climate technology companies in North America and Europe, closed Voyager Partners Select I, LP at $100m.
LPs included LPAC members, Northwestern University and Novo Holdings. Voyager’s institutional partners include fund-of-funds, endowments, foundations and banking institutions in North America and Europe.
The new fund backs climate tech startups, partnering with founders building the future of energy, transportation, materials and carbon removal. Voyager Partners Select I will be deployed primarily to Series A, with consideration for Series B and beyond, software, hardware and biotech companies that are decarbonizing the global economy. So far, the fund has invested in CarbonChain, Intensivate, and Remora.
Led by Founding partners – Sierra Peterson and Sarah Sclarsic, Voyager Ventures has made 19 investments in software, hardware and biotech companies decarbonizing the global economy to date. The investment team also includes Dr. Leo Banchik, Dr. Nare Janvelyan, Matt Blain and Jake Kent. The firm is based in San Francisco and New York and will be opening its London office in 2024.
Voyager closed Voyager’s $100M Fund I in April 2022, landing a total of $200M to date.
Commenting on the close, Sierra Peterson said: “We are excited to put the Select I fund to work in accelerating the commercial scale of climate tech companies poised for market dominance. We invest in technologies that can outcompete fossil-fueled products on price and performance alone, and we’re seeing decarbonized products that are simply better technology take real market share from polluting legacy incumbents. The energy transition is a generational opportunity and forward-thinking investors recognize the potential for robust returns in climate tech.“
Sarah Sclarsic added “The transition to a decarbonized global economy is the biggest investment opportunity of our lifetime, as the world’s largest industries – from transportation to energy to computing and food – undergo the most rapid change they’ve ever seen. We are investing at the forefront of innovation in these sectors. With this fund, Voyager is doubling down on the tremendous economic potential in companies leading our economy beyond reliance on fossil fuels.”