Transition
Transition is a London-based, FCA-regulated climate and deep-tech venture capital firm (founded 2021) backing seed-to-Series A startups at the intersection of AI and the physical world, including energy systems, robotics, semiconductors, and critical minerals, across Europe, the US, and India via multiple funds totaling over €257 million in AUM.
- Company typePrivate
- Founded2021
- HeadquartersLondon, United Kingdom
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Transition does
Transition is a London-headquartered, FCA-regulated venture capital firm founded in 2021 that backs early-stage companies (from inception through Series A) operating at the intersection of artificial intelligence and the physical world, with explicit focus on energy systems for AI, robotics for industrial efficiency, and critical minerals refining. The firm is structured as Transition Global Management Limited and operates multiple investment vehicles: Fund I, a €128 million Fund II bringing combined AUM to over €257 million, a separate $150 million fund targeting power/AI/robotics/critical materials, and an India-focused fund that raised ₹723 crore (~$80 million), exceeding its initial ₹400 crore target. Its portfolio of 20+ companies spans decarbonizing compute (Olix, AI chips valued at $1B at Series A), advanced semiconductor metrology (Invisix, an ASML spinout), small modular nuclear power for industrial loads (Applied Atomics), renewable energy trading (Reel), autonomous wildfire suppression drones (Seneca), and refurbished e-mobility (Upway), as well as a growing India book covering wind O&M, AI utilities operations, carbon-to-value biomanufacturing, drone avionics, and ESG compliance software.
The firm's core product is capital plus operator-grade technical support, delivered by a small team led by four partners (Kristian Branaes, Ari Helgason, Clara Ricard, and David Helgason, the co-founder of Unity Technologies) and supported by venture partners with senior operating experience at Tesla, Redwood Materials, Solugen, Stanford/Toyota battery research, Volvo Group, and Frontier's advance market commitment for carbon removal. Its go-to-market is institutional fundraising from professional clients (LPs) and direct equity investment into portfolio companies, often co-led or co-invested alongside strategic corporates such as Hitachi Ventures, Doosan, imec.xpand, and tier-1 climate/energy funds. Revenue mechanics follow the standard venture model: management fees on committed/invested AUM across multiple funds, plus optionality on carried interest tied to the appreciation of portfolio marks such as Olix. The firm maintains a lean profile (1-10 employees per firmographic data) with a London office at 5 Carnaby Street and additional operations tied to India-based portfolio activity.
Transition firmographics
Firmographics- Name
- Transition
- Legal name
- Transition Global Management Limited
- Website
- https://transition.vc
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Transition is a London-based, FCA-regulated climate and deep-tech venture capital firm (founded 2021) backing seed-to-Series A startups at the intersection of AI and the physical world, including energy systems, robotics, semiconductors, and critical minerals, across Europe, the US, and India via multiple funds totaling over €257 million in AUM.
- Ownership category
- akta.pro rank
Transition industry classification
Industry- Product category
- Venture Capital / Climate Tech Investment
- NAICS
- Open-End Investment Funds (525910), Open-End Investment Funds (52591), Funds, Trusts, and Other Financial Vehicles (525)
- akta.pro primary industry
- Renewable Energy & Energy Transition Funds (FSANAJAB)
- akta.pro secondary industries
- Transition / Engagement & Stewardship Funds (FSANAJAO), Transition Finance (Hard-to-Abate Transition Strategies, SL Loans/Bonds) (FSAAALAI), Renewables & Energy Transition Funds (Solar, Wind, Hydrogen, CCUS) (FSANAEAD)
Keywords
Where Transition is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
Transition business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Venture Capital Fund Management: Transition VC generates returns through equity investments in early-stage climate technology companies. The firm manages venture funds (Fund I and Fund II) and invests across multiple sectors including AI/compute, robotics, energy systems, transport, and critical minerals.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
Transition product offering
Product offeringCore offering
Transition is a London-based climate tech venture capital firm that invests from inception to Series A in companies at the intersection of AI and the physical world. The firm manages multiple funds (Fund I and Fund II, totaling over €257 million in AUM) and a separate India-focused vehicle, backing startups in energy systems for AI, robotics for industrial efficiency, critical minerals refining, semiconductor metrology, nuclear power, renewable energy trading, and electric micro-mobility.
Product overview
Transition is a climate-focused venture capital firm that operates two investment funds (Fund I and Fund II with combined AUM of over €257 million). The firm invests from inception to Series A in companies at the intersection of AI and the physical world, focusing on energy systems for AI, robotics for industrial efficiency, and critical minerals refining. Their portfolio spans decarbonizing compute, semiconductor metrology, nuclear power, renewable energy trading, e-mobility, and climate resilience.
Differentiator
Problem solved
Functional benefit
Products and services
- Transition Fund I Transition's inaugural early-stage venture capital fund targeting climate tech and deep tech companies at the intersection of AI and the physical world.
- Transition Fund II A €128 million early-stage fund investing from inception to Series A in companies at the intersection of AI and the physical world, focusing on energy systems for AI, robotics for industrial efficiency, and critical minerals refining across Europe and the US.
- Transition Ventures $150M Fund A $150 million fund raised by Transition Ventures targeting investments in power, AI, robotics, and critical materials sectors.
- Transition VC India Fund An India-focused climate venture fund investing in hardware-led, IP-driven businesses at the post-product but pre-product-market fit stage across the energy value chain, including industrial decarbonization, hydrogen, and energy storage.
Quantifiable outcome
- Fund II raised €128 million, bringing total AUM to over €257 million
- +1 more outcomes
Companies that use Transition
Customer profileSegments2 records
Ideal customer profiles1 record
Transition technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Transition partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights5 records
Transition competitors and assessment
Company assessmentDirect peers
- Energy Impact Partners: A global venture and growth equity platform investing across the energy transition, with a similar LP base of utilities and corporates and overlapping deep-tech portfolio (grid, mobility, climate).
- MCJ Collective: Venture platform and fund investing in climate solutions with strong operator/community roots. Comparable seed/Series A climate-tech focus and founder-led GTM motion.
- Lowercarbon Capital: US-based climate-tech venture firm investing across energy, industry, and carbon removal from seed onward. Directly comparable thesis (capital into decarbonizing the physical economy) and stage focus.
- Congruent Ventures: Early-stage climate-tech investor backing hardware and software across energy, mobility, and the built environment. Comparable seed/Series A focus and 'physical world' decarbonization thesis.
- Planet A Ventures: Europe-based seed-stage venture fund with a science-driven climate thesis. Closely matches Transition's European footprint, early-stage orientation and IP-led hardware focus.
- Clean Energy Ventures: US seed-stage investor focused on digitizing and decarbonizing the energy value chain. Comparable stage, sector coverage and 'AI + physical world' angle.
- Pale Blue Dot Ventures: European seed/Series A climate fund backing companies reducing greenhouse gas emissions. Directly comparable geography, stage, and deep-tech climate orientation.
- Prelude Ventures: San Francisco-based seed and Series A climate-tech fund with a multi-sector mandate (energy, mobility, buildings, ag). Closely comparable stage, ticket size and 'frontier science meets industrial' orientation.
Emerging players
- CleanTech Open: Accelerator and early-stage investor in clean-technology startups with global reach. Partial overlap with Transition's early-stage climate mandate, particularly across emerging founders.
Broad incumbents
- Breakthrough Energy Ventures: Multi-billion-dollar climate-tech fund backed by Bill Gates and others, investing globally across the full spectrum of decarbonization. Operates as a larger incumbent in the same category with a much bigger AUM and broader scope.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Transition social profiles
Digital presenceTransition financial estimates
Financial estimateRevenue estimate
Valuation estimate
Transition leadership team
Management profileNumber of profiles
Profiles15 records
Transition funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Transition M&A and investment
M&A and investmentM&A
Investments28 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Transition
What does Transition do?
Transition is a London-based climate tech venture capital firm that invests from inception to Series A in companies at the intersection of AI and the physical world. The firm manages multiple funds (Fund I and Fund II, totaling over €257 million in AUM) and a separate India-focused vehicle, backing startups in energy systems for AI, robotics for industrial efficiency, critical minerals refining, semiconductor metrology, nuclear power, renewable energy trading, and electric micro-mobility.
Is Transition a public or private company?
Transition is a private company. It is classified as management employee owned and is currently operating.
When was Transition founded?
Transition was founded in 2021. It employs 1 to 10 people.
Where is Transition based?
Transition is headquartered in London, United Kingdom, in the Europe region.
How does Transition make money?
One revenue line is on record: venture Capital Fund Management.
Who are Transition's main competitors?
Direct peers on record are Energy Impact Partners, MCJ Collective, Lowercarbon Capital, Congruent Ventures, Planet A Ventures, Clean Energy Ventures, Pale Blue Dot Ventures and Prelude Ventures. CleanTech Open is listed as an emerging player. Breakthrough Energy Ventures is listed as a broad incumbent.
Does Transition have an API?
No public API is recorded for Transition.
What industry is Transition in?
Transition's product category is Venture Capital / Climate Tech Investment. Its primary akta.pro industry code is FSANAJAB, Renewable Energy & Energy Transition Funds, with a secondary code of FSANAJAO, Transition / Engagement & Stewardship Funds. Its NAICS code is 525910.