With its second fund, London-based @TransitionVC is building on its initial focus on early-stage climate tech to back #AI infrastructure, energy, robotics and industrial systems.
https://t.co/EFzXmG6hW0
We have raised over $150m to back the founders building what comes next.
The AI buildout and geopolitical pressures have made it undeniable that progress within planetary boundaries runs on atoms: energy, materials, infrastructure. The polluting, extractive, wasteful systems of the old world are giving way, and the companies rebuilding the physical world are scaling faster than ever.
@OLIXComputing is going after compute energy bottlenecks and just hit a $1bn valuation. @UpwayShop has put 200,000 refurbished e-bikes on the road, growing revenue 30x. @Seneca_Systems is fighting wildfires with autonomous drones, and raised a $60m first round.
The most ambitious founders want to build a company that matters, one that drives human progress for generations to come. They mold atoms, not just bits. Full-stack by necessity, principled by design, built to outlast them. The work is harder than traditional software, but the prize is exponentially bigger: reinventing the foundations of human prosperity.
We built Transition for these founders. Fund II lets us back more, from day one.
If you're building a legacy that matters, letโs chat!
@davidhelgason@arihelgason@clararicard1@KristianBranaes@jamesdacombe@Stu_Land
We face an urgent shortage of reliable, high-density, base load power driven by electrification and the boom in demand for AI compute. Nuclear is one of the few clean, scalable options, but decades of complexity and regulatory friction have prevented meaningful deployment โก๏ธ
@Applied_Atomics solves this by developing and operating vertically integrated small modular nuclear plants, using proven light-water reactor technology to deliver clean electricity directly to hyperscalers and industrial sites.
Very excited for Transition Ventures to co-lead their latest $8.3m funding round and join Ben Kellie, Paul Keutelian and the Applied Atomics team on this journey!
cc @MorpheusVC@alpacavc@AcequiaCapital Unruly Capital
Read more on our Substack here: https://t.co/9k1ISPZSLk
โผ๏ธWeโre hiring a Head of Strategy & Platform to help us build a world-leading climate and deep tech fund.
The core responsibility of the role is to help our founders build enduring companies that transform the physical world, but that's just the starting point.
We are looking for somebody who can approach this role from first principles and lead projects that will help us build one of the leading firms in venture. Full details below - weโre excited to hear from you!
JD: https://t.co/O3M8ZBvbnr
We met @kunalsinha a couple years back when he was leading Glencoreโs global recycling business. It quickly became clear that nobody had a better understanding of how the metals industry works, and how we can change it. When Kunal teamed up with Prof. Xiao Su and Dr. Johannes Elbert to start Valor, we knew we had to partner with them from day one.
Critical minerals sit at the heart of electrification, AI infrastructure and advanced manufacturing. But the way we refine them today is incredibly inefficient and polluting - and existing refining capacity is heavily centered in China. For Europe and the US, this has created a growing strategic vulnerability.
Valor is building a completely new approach to refining. Their novel electrochemical process can recover valuable metals such as gold, copper and rare earth elements from mixed feedstocks with 90% lower emissions and resource use, making it possible to build a new generation of cleaner and more flexible refining plants.
We are incredibly excited for the journey ahead with Kunal, Xiao, Johannes and our friends at Zero Infinity Partners!
1/6 A few months ago, I set out on a new adventure to create abundance in critical minerals. Today, after six months of rapid development, I am incredibly proud to officially launch Valor!
Massive thank you to @RyanDezember and @WSJ for breaking our story today: https://t.co/g9H67uM352
Extremely proud of being part of the @OLIXComputing journey with @jamesdacombe.
Keep an eye out of this quiet kid... I am certain that James will turn out to be one of the greatest founders of this generation.
https://t.co/PbNodGEpof
Today, I'm excited to share the launch of @Seneca_Systems. Seneca's mission is end the wildfire threat across 500 million acres in the US and allied nations by 2035.
115 million Americans live with fire risk. Fire costs our nation ~$1 trillion annually. It destroys our most precious wild spaces and natural capital. And for those of us who call the American West our home, this is personal.
We must face this head on. It is time that we bring firefighters the next-generation tools that heroes deserve. Seneca is building the modern fire arsenal for the highest risk period in our history.
Our first product is an autonomous, AI-powered, rapid response fire suppression drone system.
We are proud to be backed with $60 million led by @caffeinatedcap and @convectivecap with participation from @firstround , @TransitionVC, @DCVC, @offlineventures, and others.
There is no question that fire risk is growing. But we must innovate to be resilient. This is not a battle we can lose.
Many thanks to the amazing Seneca team. Proud to be in the fight with you all. @nhfoley@billclerico@adrianaoun@johnclarkemills, @DrLoriMM, Chief Rick Balentine.
And capital partners @NextViewVC@bullpencap @advanceventurepartne Advance Venture Partners, @stepstonegroup, Roar Ventures, Good Friends, @slow, @mhs Slow Ventures, MHS Capital,
๐ค ๐ WE ARE HIRING FOR A PART-TIME PHD FELLOW ROLE ๐ค ๐
We are growing our team at Transition and looking for the smartest PhD student to join us!
If this is you, we would love to work with you! If you know a potential candidate, please send us your recommendations!
Here is the link to read more about the role and apply!
https://t.co/JnbDJEPVkQ
If you zoom in really really closely, you will see our partner @mona_alsubaei, speaking alongside Caie Kelley (@lowercarbon) and Craig Douglas (@WorldFund) about scaling hardware and deep tech climate solutions. Big thank you to @RuneTheill for the opportunity and leading a great discussion!
๐ Meet the ClimateTech experts at @TechBBQ! ๐ Caie Kelley (@lowercarbon ), Mona Alsubaei (@TransitionVC ), and Craig Douglas (@WorldFund) dive into scaling and funding innovations.
Moderated by our CEO and Co-Founder, Rune Theill. ๐๏ธ Sept 11, 12:25-13:00, BBQ Stage.
Is it an acceptable Twitter etiquette to retweet someone's retweet of your tweet? ๐๐ตโ๐ซ
We don't know.
But what we do know is that we are so eager to meet and work with climate passionate researchers! ๐ฉโ๐ฌ๐จโ๐ฌ
Thank you @albertwenger for sharing!
Read our post about personal cooling and adaptation @TransitionVC ๐ง๐ฅ
https://t.co/j6To2F28IL
I went to Hajj in Juneโa spiritual experience of a lifetime. But it was so hot. It has been so hot everywhere lately. Even the Olympics are feeling it.
Cooling spaces with AC isnโt efficient and isn't enough; we need to focus on cooling people first.
Personal cooling tech is essential, especially for outdoor workers and vulnerable groups. Iโd love to connect with founders, doctors, scientists, and engineers working on this!
โ We are growing our team โ
๐ฌ Super exciting to announce that we are hiring a PhD fellow at Transition.
๐ If you are interested or think this might be a great opportunity for someone you know, please read more on the role and how to apply here: https://t.co/gNmpEZTjyD
๐ We are thrilled to announce that we are partnering with Unigrid, leading their latest $12m Series A round!
Unigrid are leading the way in the Sodium-ion battery space and we canโt wait to see their innovative tech make a huge difference to the energy transition.
๐๏ธ Read the announcement in @TechCrunch by @tdechant here: https://t.co/RofyXVo7kT
โ๏ธ @mona_alsubaei and @VanBruis wrote their thoughts on the company in our latest blog post: https://t.co/Vk08PQ4JIy
๐ก If you love their mission and want to be part of this exciting team, they are currently hiring: https://t.co/huGHZVovSX
Big thank you to our venture partner @gaurab for joining an update call with our investors this week!
In the fireside chat with @davidhelgason he shared some super helpful insights and learnings from @solugen as well as ways that he is helping our founders in their entrepreneurial journeys
Some topics covered were:
๐ซBecoming best friends with your customers
๐How to sign bankable offtake agreements
๐๏ธWhy engineering mindset is key to synbio success