Voyager Ventures, a decarbonization-focused VC investor, announced that it has raised $100 million for Voyager Partners Select I, its second venture fund targeting investments in climate change technology startups. .
Founded in 2021 by Sierra Peterson and Sarah Sclakku, Voyager Ventures provides global decarbonization solutions in mobility, energy, materials, food, built environment, analytics, industrial systems, carbon removal and more. We invest in early-stage climate technology companies that advance.
The closing of the fund will see the company double the capital it raises for climate technology investments, following the closing of its first $100 million Fund I, which was established in 2022. Voyager Ventures noted that each fund was oversubscribed due to strong demand for climate change solutions.
Sarah Sclakku, founding partner of Voyager, said:
“The transition to a decarbonized global economy is at our core, as the world's biggest industries, from transportation to energy, computing and food, are experiencing the most rapid change ever seen. This is the biggest investment opportunity of a lifetime. We are investing at the forefront of innovation in these areas. With this fund, Voyager will be able to leverage the tremendous potential of companies that are leading our economy beyond our dependence on fossil fuels. Double your economic potential.”
The new fund will primarily make Series A investments in startups in areas such as software, hardware and biotechnology, but will also consider Series B and beyond investments. Previous investments include carbon accounting software provider CarbonChain, efficient analytics processor company Intensivate, and carbon capture startup Remora.
Sierra Peterson, founding partner of Voyager, said:
“We are investing in technologies that can compete with fossil fuel products on price and performance alone, but decarbonized products that are simply better technologies are taking real market share away from polluting legacy incumbents. The energy transition is a generational opportunity, and forward-thinking investors are recognizing the potential for big returns in climate technologies.”
