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.
“Ambitious founders don’t just want to build a great business: they want to create something that will matter for generations to come,” said David Helgason, co-founder of Transition Ventures and founder/former CEO of Unity.
“The world needs these companies more than ever. The question is whether they get the right backing to succeed. At Transition, we believe that the classic VC model of backing more of the same, incremental improvements, has run out of road.
“Founders shouldn’t have to choose between a venture fund that has the capabilities to help them scale and a fund that is aligned with their values.”
Transition Ventures partners with founders from inception to Series A leveraging all the latest technologies to help us thrive in a rapidly changing world; from the energy systems powering AI, robotics for industrial efficiency, and next-generation solutions for critical minerals refining.
These companies need investors who understand software, hardware and deep tech in equal measure. Its concentrated investment approach allows each founder to get the full benefit of the team’s world-class scaling expertise and network, helping them build generational companies in Europe and the US.
Transition Ventures has been an early investor in a number of notable companies, including Olix, Applied Atomics, Seneca and Upway.
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