Transition Ventures closes $150M Fund II to back AI-physical world startups
By
Cristian Dina
Not artisan, but a perfectly fine bagel. Hits the spot.
Summary
Transition Ventures, a London-based early-stage VC firm led by Unity co-founder David Helgason, has closed a $150 million second fund, bringing total AUM to over $300 million. Fund II will focus on investing at the intersection of AI and the physical world, targeting sectors like power, robotics, materials, refining, and hardware-software integration. The firm's portfolio includes companies such as Olix, Applied Atomics, and Seneca.
Key quotes
· 3 pulledTransition Ventures, the London-based early-stage firm led by Unity co-founder David Helgason, has closed a $150m second fund
Fund II will continue Transition's thesis that the most consequential companies of the coming decade will sit at the intersection of AI and the physical world
bringing the platform's assets under management to over $300m
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