As governments and industries rethink how to build resilience into energy systems, supply chains, and industrial production, Voyager Ventures has closed its second fund at $275 million, significantly expanding its ability to back foundational technologies across North America and Europe. With the close of Fund II, Voyager now manages $475 million in total assets, reinforcing its position as a specialist investor in the physical and industrial layers of the global economy.
The new fund reflects growing investor appetite for technologies that modernise how energy is produced, materials are manufactured, and physical systems are optimised, areas increasingly seen as critical to long term economic competitiveness and stability.
Investing in the Base Layer of the Economy
Voyager Ventures was founded in 2021 with a clear thesis, to invest early in the core technologies that underpin durable economic growth. Rather than focusing on consumer software or purely digital platforms, the firm targets sectors where innovation reshapes the physical world.
These include energy production and distribution, advanced manufacturing, critical materials, physical artificial intelligence, and compute infrastructure. According to Voyager, these systems form the backbone of modern economies and are now undergoing rapid transformation driven by climate pressure, geopolitical shifts, and technological advances.
Sarah Sclarsic, co-founder and general partner at Voyager Ventures, said the market is increasingly validating both the demand and scalability of these technologies. She noted that energy systems, materials, and AI driven optimisation of physical processes are becoming central to how countries and companies create lasting competitive advantage.
A Focus on Stability in a Volatile World
For Voyager, the motivation behind Fund II goes beyond decarbonisation or efficiency alone. The firm views its investment focus as a response to structural fragility in the global economy.
Sierra Peterson, co-founder and general partner, explained that many legacy systems were built around finite fuels and brittle processes that struggle under modern demands. Voyager is backing technologies that fundamentally perform better, creating more resilient and stable systems in an increasingly volatile world.
This perspective informs the fund’s thematic structure, which spans Energy and Efficiency, Materials Production, Software and AI, Mobility, Built Environment, and Carbon Management. Each theme addresses a critical component of industrial and economic infrastructure.
An Expanding Portfolio of Industrial Innovators
Voyager Ventures has already begun deploying capital from Fund II. Recent investments include ENAPI, Leeta Materials Home, and Electroflow Technologies, companies operating across energy systems, materials innovation, and infrastructure technology.
The firm’s broader portfolio includes companies such as Allie, Anthro Energy, Arbour Energy, Clean Baseload Power, Zero Emissions, and Astro Mechanica. These businesses are developing technologies ranging from next generation energy storage to advanced manufacturing and low carbon industrial processes.
By investing early, Voyager aims to support companies as they move from technical validation to commercial scale, a stage where capital intensity and execution risk often increase.
Bridging North America and Europe
Fund II continues Voyager’s transatlantic strategy, investing across North America and Europe. This geographic scope allows the firm to tap into diverse industrial ecosystems while supporting companies that can scale globally.
With geopolitical dynamics increasingly shaping energy security, manufacturing resilience, and supply chain localisation, Voyager sees cross regional expertise as a strategic advantage.
Building for Long Term Impact
With $475 million now under management, Voyager Ventures is doubling down on its conviction that the next era of economic growth will be defined by how effectively societies rebuild their physical foundations.
By backing technologies that improve performance, resilience, and efficiency at the system level, Voyager aims to support companies capable of shaping the next generation of energy, materials, and industrial infrastructure, not just as climate solutions, but as drivers of long term prosperity.