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Voyager Ventures raises second $100M fund

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Illustration: Shoshana Gordon/Axios

Voyager Ventures on Wednesday announced it's raised a second $100 million fund to invest in climate and biotech startups.

Why it matters: It's a big chunk of change aiming for early-stage rounds, and the latest in a growing list of funds targeting climate tech startups.

Details: Voyager Partners Select I fund will target software, hardware, and biotech startups focused on decarbonization.

  • Northwestern University and Novo Holdings are among the fund's investors.

Context: The fund follows Voyager's previous $100 million Fund I, which backs startups in pre-seed through Series A rounds.

The latest: "Voyager Partners Select I will be deployed primarily to Series A, with consideration for Series B and beyond, software, hardware and biotech companies that are decarbonizing the global economy," the firm said.

  • The firm cited three investments so far: supply-chain emissions tracking service CarbonChain, microchip tech developer Intensivate, and startup Remora, which is developing carbon capture systems for semi trucks.
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