• $275 million Fund II brings Voyager Ventures’ assets under management to $475 million across North America and Europe, targeting energy, industrial, and climate systems critical to long term economic stability.
• The fund concentrates on foundational technologies across energy, materials, manufacturing, AI, mobility, the built environment, and carbon management, areas central to national competitiveness and decarbonization.
• Leadership experience spans carbon markets, industrial policy, advanced materials, and large scale project finance, positioning the firm at the intersection of governance, capital, and climate systems.

Voyager Ventures has closed a $275 million second fund aimed at early stage companies building the physical and digital infrastructure underpinning future economic growth. The close brings the firm’s total assets under management to $475 million and expands its capacity to invest across North America and Europe at a moment when governments and markets are reassessing energy security, industrial capacity, and climate risk.

Founded in 2021, Voyager Ventures focuses on technologies that modernize the base layer of the economy. Its investment scope spans energy production and distribution, advanced manufacturing, critical materials, software and AI for physical systems, mobility, the built environment, and carbon management. The firm positions these sectors not as niche climate plays but as core drivers of productivity, resilience, and geopolitical advantage.

Rebuilding the Base of the Economy

Voyager’s thesis reflects a growing consensus among policymakers and investors that legacy systems built on finite fuels and fragile supply chains are no longer fit for purpose. Energy volatility, material shortages, and climate related disruption are reshaping how capital is allocated and how states define strategic assets.

“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, 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.”

The firm’s approach emphasizes performance and system level outcomes rather than incremental improvements. Portfolio companies are expected to lower costs, increase efficiency, and strengthen resilience across sectors that are essential to economic continuity.

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Investment Focus Areas

Fund II continues Voyager’s focus on sectors where technology deployment intersects directly with policy priorities and infrastructure investment.

Energy and efficiency investments target technologies that generate, store, and use energy more effectively, expanding capacity while improving resilience and reducing system costs. Materials production focuses on domestic and scalable manufacturing of core inputs using faster and more precise processes. Software and AI investments layer intelligence onto physical assets across energy, logistics, and manufacturing to improve uptime and operational accuracy.

Additional areas include mobility across air, land, sea, and digital infrastructure; the built environment, including software and hardware that improve the design, construction, and operation of long lived assets; and carbon management technologies that enable capture, reuse, and removal.

“We are investing in technology companies that create systemic stability in an increasingly volatile world,” said Sierra Peterson, co founder and general partner at Voyager Ventures. “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.”

Leadership at the Intersection of Policy and Capital

Voyager’s leadership brings more than three decades of combined experience across company building, industrial policy, and climate finance. Sclarsic conducted research in synthetic biology at MIT, helped build Modern Meadow as a founding team member, and co founded sustainable transportation company Getaround. Peterson designed carbon markets at the International Energy Agency, shaped energy and industrial policy in the Obama White House, and later led corporate development for fintech platforms that financed more than $3 billion in energy projects across North America.

This background reflects a deliberate strategy to align venture investment with regulatory frameworks, industrial strategy, and large scale capital deployment.

Portfolio Momentum and Market Signals

Voyager’s existing portfolio includes companies such as Allie, Anthro Energy, Arbor Energy, and Astro Mechanica. Fund II has already begun deploying capital, with initial investments in ENAPI, Leeta Materials, and Electroflow Technologies, and additional announcements expected.

For executives and investors, the fund’s close highlights the increasing convergence of climate, industrial policy, and economic competitiveness. As governments push for energy independence, domestic manufacturing, and decarbonization, capital is moving toward technologies that reinforce the physical foundations of the economy. Voyager’s Fund II signals sustained investor confidence in that shift and underscores the strategic role of early stage capital in shaping the next generation of energy and industrial systems.

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