Voyager Ventures has closed a $275 million Fund II to invest in early-stage companies across energy, industrials, and climate technology that the firm believes will underpin long-term economic growth. With the new fund, Voyager said it now manages $475 million across North America and Europe and will continue targeting technologies that modernize core economic systems, including energy production and distribution, advanced manufacturing, critical materials, physical AI, and compute.
The firm said Fund II will focus on several themes: improving how energy is generated, stored, and used to expand capacity and resilience while lowering costs; enabling faster, more precise, and more efficient domestic materials production at scale; building software and AI that layers intelligence onto physical systems to increase uptime and operational precision across sectors like logistics, manufacturing, and energy; delivering high-performance mobility across air, land, sea, and supporting data layers; optimizing how long-lived facilities and assets are designed, built, and operated; and advancing carbon management through technologies to capture, reuse, and remove carbon.
Voyager also highlighted the operating and policy backgrounds of its co-founders and general partners, Sarah Sclarsic and Sierra Peterson, spanning energy, advanced materials, mobility, and carbon markets. The firm cited prior work ranging from research in synthetic biology and roles in building and founding companies to designing carbon markets and shaping U.S. energy and industrial policy, as well as leading corporate development efforts tied to financing billions of dollars of energy projects.
Voyager said its existing portfolio includes Allie, Anthro Energy, Arbor Energy, and Astro Mechanica. Fund II has already begun deploying capital, including investments in ENAPI, Leeta Materials, and Electroflow Technologies, with additional investments expected to be announced.
KEY QUOTES
“We launched Voyager in 2021 to invest early in the foundational technology companies for durable economic growth. Today we’re seeing the market validate demand and scale for energy, critical materials, advanced manufacturing, AI for optimizing physical systems, among other technologies that are drivers of the global economy. Now, more than ever, companies and countries are recognizing that these technologies are critical to creating lasting competitive advantage.”
Sarah Sclarsic, Co-Founder and General Partner, Voyager Ventures
“We are investing in technology companies that create systemic stability in an increasingly volatile world. The economy of the past was built on finite fuels and brittle processes that will continue to hamper prosperity until we transcend them. We’re investing in technology that simply performs better.”
Sierra Peterson, Co-Founder and General Partner, Voyager Ventures
