Voyager Ventures collects $100m for climate tech fund

Voyager Ventures, a venture capital firm focused on early-stage climate tech companies in North America and Europe, has closed its inaugural select fund at $100 million.

Voyager Partners Select I’s limited partners include Northwestern University and Novo Holdings, as well as fund of funds, endowments, foundations and banking institutions in North America and Europe.

“Northwestern is proud to partner with Voyager as part of our commitment to identify and fund solutions in the transition to a low-carbon economy,” Harisha Koneru Haigh, senior allocator for Northwestern University’s endowment, said in a statement. “Sierra Peterson and Sarah Sclarsic are highly respected and valued members of the climate tech ecosystem, and we are confident in their ability to generate strong investment returns for the endowment.”

Voyager previously raised $100 million for its Fund I in April 2022.

Voyager Partners Select I will be deployed primarily in Series A investments, with consideration for Series B and beyond. The fund will target software, hardware and biotech companies decarbonizing the global economy.

So far, the fund has invested in three companies: CarbonChain, Intensivate and Remora.

“The transition to a decarbonized global economy is the biggest investment opportunity of our lifetime, as the world’s largest industries – from transportation to energy to computing and food – undergo the most rapid change they’ve ever seen,” said Sclarsic, a Voyager founding partner. “We are investing at the forefront of innovation in these sectors. With this fund, Voyager is doubling down on the tremendous economic potential in companies leading our economy beyond reliance on fossil fuels.”

Voyager is co-located in San Francisco and New York and will be opening a London office later this year.