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David Helgason, Co-founder at Transition Ventures: Raising $150m Fund II
Description
Transition VC raised a new $150m fund to back highly technical founders building the next generation of energy, compute and industrial companies.
David Helgason, Co-founder at Transition VC, says AI is increasing demand for compute, power and industrial systems at a time when venture is moving beyond traditional software. The new fund will focus on companies building across energy, hardware and industrial infrastructure.
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Timestamps:
0:00 - Introduction
0:22 - Transition VC’s new $150m fund
0:58 - Backing founders rebuilding industrial systems
2:01 - Climate tech, AI and resource constraints
3:47 - Raising Fund II
6:09 - Investing in photonics chip company Olix
9:16 - The founders the firm wants to back
10:26 - Nuclear, hardware and industrial innovation
12:47 - Why venture is moving beyond traditional SaaS
14:00 - Europe vs the US for deep tech
15:45 - Building the investment team
18:13 - What makes a great founder