Key Points:
- Voyager Ventures raises $275M Fund II.
- Focus on energy, industry, AI, and carbon tech.
- New bets: ENAPI, Leeta, Electroflow.
Voyager Ventures has closed a $275 million second fund to invest in early-stage energy, industrial, and applied AI companies, expanding assets under management to $475 million across North America and Europe.
Fund Targets Core Energy and Industrial Systems
Voyager Ventures said Fund II will focus on technologies that modernize core economic systems and support long-term growth, including energy production, advanced manufacturing, critical materials, and applied artificial intelligence.
With the new fund, the firm said it now manages $475 million and will continue investing across North America and Europe. The strategy centers on companies that improve how energy is generated, stored, and used while lowering costs and increasing system resilience.
The fund will also back technologies that enable faster and more precise domestic materials production, optimize long-lived industrial assets, and improve operational uptime across sectors such as logistics, manufacturing, and energy.
Applied AI, Mobility, and Carbon Management in Focus
Voyager Ventures said a key theme for Fund II is software and AI that add intelligence to physical systems, allowing operators to run complex infrastructure more efficiently and reliably.
The firm is also targeting high-performance mobility technologies across air, land, and sea, along with the data layers that support them. Additional focus areas include improving how large facilities are designed, built and operated over decades.
Carbon management is another priority, with planned investments in technologies that capture, reuse, and remove carbon from industrial processes. Voyager Ventures said these approaches are increasingly critical as governments and companies push to decarbonize heavy industry.
“We launched Voyager in 2021 to invest early in the foundational technology companies for durable economic growth,” said Sarah Sclarsic, co-founder and general partner at Voyager Ventures. “Today we’re seeing the market validate demand and scale for energy, critical materials, advanced manufacturing, and AI for optimizing physical systems.”
Founders Cite Policy and Operating Experience
Voyager Ventures highlighted the operating and policy backgrounds of its co-founders and general partners, Sclarsic and Sierra Peterson, as a differentiator in sourcing and supporting companies.
The firm said its experience spans energy, advanced materials, mobility, and carbon markets, including research in synthetic biology, founding and scaling companies, and shaping U.S. energy and industrial policy. Voyager also cited past work leading corporate development tied to financing billions of dollars in energy projects.
“We are investing in technology companies that create systemic stability in an increasingly volatile world,” Peterson said. “The economy of the past was built on finite fuels and brittle processes. We’re investing in technology that simply performs better.”
Voyager Ventures said its existing portfolio includes Allie, Anthro Energy, Arbor Energy, and Astro Mechanica. Fund II has already begun deploying capital, with recent investments in ENAPI, Leeta Materials, and Electroflow Technologies.
The firm said additional investments from the new fund are expected to be announced in the coming months as it continues backing early-stage companies building next-generation energy and industrial systems.
