Voyager Ventures has announced the successful closing of its $275 million Fund II, significantly boosting its total assets under management to $475 million. This new capital will be deployed across North America and Europe to support early-stage companies developing foundational climate and industrial technologies. The firm is focused on modernizing the core sectors of the global economy, from energy production and advanced manufacturing to applied artificial intelligence.
A Strategic Focus on Foundational Technologies
Co-founder and General Partner Sarah Sclarsic stated that Voyager was launched in 2021 to back companies essential for durable economic growth. She noted that the market is now validating the demand for technologies in energy, critical materials, and AI for physical systems. These innovations are increasingly recognized by both companies and countries as vital for creating a lasting competitive advantage in the global marketplace.
According to co-founder and General Partner Sierra Peterson, the firm invests in companies that build systemic stability in an increasingly volatile world. She contrasted the finite fuels and brittle processes of the past with the superior performance of the technologies Voyager supports. The core investment thesis centers on transcending outdated systems to ensure future prosperity and resilience through simply better-performing technology.
Targeting Key Sectors for Economic Modernization
Fund II will target a wide range of critical sectors essential for industrial transformation and decarbonization. These areas include energy generation and efficiency, advanced materials production, and the application of software and artificial intelligence to physical systems. The strategy also encompasses innovations in mobility, the built environment, and comprehensive carbon management solutions to address complex environmental and economic challenges.
The firm seeks to invest in technologies that generate, store, and use energy more efficiently while strengthening grid resilience and reducing costs. In materials, the focus is on enabling domestic production with greater speed, precision, and efficiency at scale. Voyager also backs software companies that layer intelligence onto the physical world, unlocking significant gains in efficiency and operational uptime across key industries like logistics and manufacturing.
Experienced Leadership and Early Investments
The firm is led by Sarah Sclarsic and Sierra Peterson, who bring over three decades of combined experience to the table. Sclarsic has a background in building technology companies like Getaround and Modern Meadow, while Peterson shaped energy policy in the Obama White House and at the International Energy Agency. Their complementary expertise in technology, policy, and finance provides a strong foundation for guiding portfolio companies toward success.
Voyager Ventures has already begun deploying capital from its new fund, with initial investments in companies such as ENAPI, Leeta Materials, and Electroflow Technologies. These new additions join an existing portfolio that includes notable startups like Anthro Energy, Arbour Energy, and Astro Mechanica. This early activity signals the firm's proactive approach to identifying and supporting promising ventures in its core sectors of focus.
The closing of Voyager Ventures' $275 million Fund II marks a significant milestone for the firm and the broader climate tech ecosystem. By focusing on the foundational technologies needed to modernize the industrial base, Voyager is positioning itself as a critical partner for innovators building a more resilient and sustainable global economy. This new capital injection will accelerate the development and scaling of solutions essential for future abundance and stability.