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, let’s chat!
@davidhelgason @arihelgason @clararicard1 @KristianBranaes @jamesdacombe @Stu_Land