Transition Ventures, an early stage investment firm whose team has founded companies worth over $15 billion across software, hardware and deep tech, has closed a $150 million Fund II, taking its assets under management to over $300m.

The firm is founded on the belief that the most important companies of the next decades will be built at the intersection of AI and the physical world, leveraging the latest technologies to replace legacy systems with cleaner and more efficient alternatives. 

Transition Ventures has been an early investor in a number of notable companies, including Olix, Applied Atomics, Seneca and Upway.