Voyager, a climate-tech venture capital firm founded by Sarah Sclarsic and Sierra Peterson, is gaining momentum as one of the leading investors in early-stage businesses working toward the global reduction of carbon emissions. Currently managing over hundreds of millions of dollars in commitments, Voyager stands apart in being focused on those climate technologies that not only lower carbon emissions but also compete directly with traditional carbon-emitting alternatives.
Expanding Capital and Investor Confidence
Primarily launched to benefit climate-tech entrepreneurs in both Europe and North America, Voyager has syndicated notable sums of money through two successive climate-focused funds, indicating strong and sustained investor confidence. Its second flagship fund, Voyager Partners Select I, closed at $100 million in early 2024, effectively doubling the firm’s dedicated climate capital and reflecting growing institutional support for the sector.
A Broad View of Climate Technology
Voyager’s investment philosophy centres on companies that deliver systemic decarbonisation through strong performance, sound economics, and scalable market success, rather than relying heavily on subsidies or carbon credits. The firm invests across a wide range of industries, including mobility, energy, materials, analytics, and industrial systems, reinforcing its belief that climate technology represents a fundamental economic transformation rather than a narrow niche.
A Lean and Transatlantic Operating Model
Under the guidance of European general partner Matthew Blaine, Voyager has adopted a lean and flat organisational structure. This model allows a small, highly experienced team to achieve broad geographic coverage and independently support founders across multiple innovation hubs. According to Blaine, Europe’s complex and highly regulated environment often produces advanced solutions in energy and software, although many startups struggle to scale beyond regional markets. Voyager’s cross-Atlantic approach is designed to help companies overcome these barriers and expand into global markets.
European Portfolio Highlights
Voyager’s European investments demonstrate its global outlook and sector diversity:
- ENAPI (Germany): Developing an integrated software infrastructure for the EV charging ecosystem, ENAPI enables seamless data exchange and transaction clearing between charge point operators and service providers, improving interoperability across charging networks.
- Packfleet (UK): A carbon-neutral delivery company offering zero-emission courier services, Packfleet combines an all-electric vehicle fleet with proprietary routing and logistics software to optimise last-mile delivery.
- InRange (UK): InRange operates a two-sided marketplace that accelerates local solar development by connecting property owners with nearby electricity buyers, while managing asset development, power sales, and operations.
- ANNEA (Germany): Focused on renewable asset optimisation, ANNEA uses predictive analytics to reduce downtime and increase power generation from wind and other renewable assets.
- CarbonChain (UK): A data and analytics company providing detailed carbon emissions tracking across global supply chains, helping industrial and logistics companies make informed decarbonisation decisions.
Bridging Ambition and Commercialisation
Voyager’s investment thesis emphasises building highly ambitious, globally scalable companies led by strong teams and differentiated technologies. While Europe’s startup ecosystem continues to mature, Voyager believes greater ambition and deeper engagement with large markets such as the United States will be essential for producing the next generation of climate-tech leaders. As the firm continues deploying capital and supporting founders across borders, it highlights the critical role venture capital plays in enabling climate innovation with lasting economic and environmental impact.
