🇮🇸 Transition Ventures raises over $150 million to back founders rebuilding the physical world
San Francisco, CA – May 28, 2026 – Transition Ventures has raised over $150 million 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.
OLIX is going after compute energy bottlenecks and just hit a $1bn valuation. Upway has put 200,000 refurbished e-bikes on the road, growing revenue 30x. Seneca 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!
For more information, visit transition.vc.
Originally published on May 28, 2026 by Transition Ventures.
