Decarbonization-focused venture capital investor Voyager Ventures has announced it has raised $100 million for Voyager Partners Select I, the second venture capital fund focused on investing in climate tech startups.
Founded in 2021 by Sierra Peterson and Sarah Sclarsic, Voyager Ventures invests in early-stage climate technology companies advancing global decarbonization solutions across sectors including mobility, energy, materials, food, built environment, analytics, industrial systems and carbon removal.
The closing of the fund sees the company doubling its capital raised for climate technology investments, following the 2022 close 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 low-carbon global economy is the biggest investment opportunity of our lifetimes, as the world’s biggest industries – from transportation to energy to computers and food – undergo the fastest changes they have ever seen. We invest in the forefront of innovation in these sectors. With this fund, Voyager is doubling down on the enormous economic potential of companies that move our economy beyond dependence on fossil fuels.”
The new fund will invest in startups in areas such as software, hardware and biotechnology, mainly in Series A investments, but also with a focus on Series B and beyond. Investments to date include carbon accounting software provider CarbonChain, efficient analytics processor company Intensivate, and carbon capture startup Remora.
Sierra Peterson, Founding Partner at Voyager, said:
“We are investing in technologies that can outperform fossil fuel products on price and performance alone, and we are seeing low-carbon products that are simply better technologies taking real market share from polluting incumbents. The energy transition is a generational opportunity and forward-thinking investors recognize the potential for robust returns in climate technology.”