Transition Ventures Fund II

United Kingdom
Seed
Share

About Transition Ventures Fund II

London-based, founded by Unity co-founder. $150M Fund II pivots from climate to AI + physical world: power, AI infra, robotics, industrial systems, critical minerals. Inception to Series A. Portfolio includes OLIX (~$1B valuation), Applied Atomics, Seneca, Upway. Total AUM >$300M.

Investment Focus

Location / RegionUnited Kingdom
Funding StageSeed
Industry Focus
Ai Ml
Deep Tech
Energy Tech
Robotics Automation

Investor Signals Profile

active

Sweet Spot

Deeptech founder, AI + physical world, inception to Series A

AI + physical world
deeptech
energy & power
robotics & industrial
critical minerals

Bullish Signals

Fund II closed at $150Mblog
AUM doubled to $300M+ in 2 yearsblog
OLIX reportedly valued ~$1Bblog
Top-tier bench: Index, Atomico, Balderton, USVblog
Cross-Atlantic offices, London + New Yorkblog

Contrarian Signals

Mid-vintage thesis pivot, LP confusion riskblog
Competing vs. generalist AI infra fundsblog
No realized DPI yet, TVPI-only track recordblog

Founder Do's

Build at AI-meets-atoms intersection
Show real engineering depth
Have credible path to industrial customers
Operate in power, robotics, or semiconductors
Expect thorough technical diligence process

Founder Don'ts

Pitch software AI with thin physical wrapper
Expect 48-hour term sheet
Come without hardware or physical-world moat

Key GPs & Partners

DH
David Helgason
Founding Partner
ex-founderthesis-drivenopinionated
AH
Ari Helgason
Partner
thesis-drivenmetrics-driven
KB
Kristian Branaes
Co-Founding Partner
thesis-drivencommunity-builder
MA
Mona Alsubaei
Partner
thesis-drivencommunity-builder
CR
Clara Ricard
Partner
fast-moverthesis-driven
DP
David Pacák
Partner
thesis-driven

Unlock Investor Signals

$29/month for full signal access. Cancel anytime.

Fund Overview

Fund Size$150M
Saves0

Key People

David Helgason

David HelgasonFounding Partner
Ari HelgasonPartner
Kristian BranaesCo-Founding Partner
Mona AlsubaeiPartner
Clara RicardPartner
David PacákPartner

Related Funds

Aviva Investors

£150M
United Kingdom
Pre Seed
Ai Ml, Climate Sustainability, Digital Health, Saas
Fund Manager:Mark Versey
Pre Seed
Ai Ml
Climate Sustainability
Digital Health
Saas

Antler UK Fund II

United Kingdom
Pre Seed
Ai Ml, Enterprise Software, Fintech
Fund Manager:Adam French, Hannah Leach, Jed Rose
Pre Seed
Ai Ml
Enterprise Software
Fintech

Creative Capital Ventures

€18M
United Kingdom
Pre Seed
Ecommerce
Fund Manager:John Darling
Pre Seed
Ecommerce