Voyager Ventures, a San Francisco, CA-based venture capital firm built on years of climate experience, launched its first fund of $100M.
Fund I invests in early-stage climate technology companies in North America and Europe. Voyager’s portfolio has the goal of reducing or eliminating the emission of 500 million tonnes carbon dioxide equivalent (MtCO2e), over the life of the fund.
LPs include Jeff Immelt, former CEO of GE, Eva and Logan Green, CEO of Lyft, the founders of Segment, Shopify, Supercell, Unity and Tableau, respectively, along with General Partners from Union Square Ventures, NEA, Insight, and Lowercarbon’s Chris Sacca. The Grantham Foundation and The Nature Conservancy are two of the most prominent environmental leaders.
Founders Sierra Peterson and Sarah Sclarsic bring a collective three decades of experience in climate to their work as investors.
Peterson, who has been structuring financial products, markets and investments for climate stabilization, since 2005, brings extensive expertise in energy policy, financing, and finance. Since 2015, she has been involved in investments in over 25 climate-tech companies at the early stages. Peterson was previously responsible for the corporate development of climate-focused technology companies, which accounted for over $3B+ in energy efficiency and solar financing. Her expertise in market design and climate policy includes the Obama White House Office of Energy and Climate Change and International Energy Agency.
Sclarsic is a pioneer in the creation and investment of transformative technology businesses. He has experience in mobility, biotech and food production as well as carbon removal. She co-founded car-sharing firm Getaround and served as the founding business director of Modern Meadow, the world’s first lab-grown leather and meat company. Sclarsic enrolled in the PhD program at MIT in 2018 to research bioengineering strategies for carbon removal, completing her Master’s thesis three months before launching Voyager.