David Helgason, Co-founder at Transition Ventures: Raising $150m Fund II episode artwork

EPISODE · May 27, 2026 · 20 MIN

David Helgason, Co-founder at Transition Ventures: Raising $150m Fund II

from Scaling Europe · host Sebastian Johnson

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.The Scaling Europe show is presented by Deel. Check them out here:https://get.deel.com/ruynb7o4lfjkSponsors:Mishcon: https://www.mishcon.com/pop-ups/scaling-europeChargebee: https://www.chargebee.com/events/beelieve/london/2026SurrealDB: https://surrealdb.com/Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeuropeTimestamps:0:00 - Introduction0:22 - Transition VC’s new $150m fund0:58 - Backing founders rebuilding industrial systems2:01 - Climate tech, AI and resource constraints3:47 - Raising Fund II6:09 - Investing in photonics chip company Olix9:16 - The founders the firm wants to back10:26 - Nuclear, hardware and industrial innovation12:47 - Why venture is moving beyond traditional SaaS14:00 - Europe vs the US for deep tech15:45 - Building the investment team18:13 - What makes a great founder

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.The Scaling Europe show is presented by Deel. Check them out here:https://get.deel.com/ruynb7o4lfjkSponsors:Mishcon: https://www.mishcon.com/pop-ups/scaling-europeChargebee: https://www.chargebee.com/events/beelieve/london/2026SurrealDB: https://surrealdb.com/Airwallex: https://www.airwallex.com/uk?utm_source=other&utm_medium=partner_referral&utm_campaign=v01_emea_multi_ib_dg_prtmk_mofu_scalingeuropeTimestamps:0:00 - Introduction0:22 - Transition VC’s new $150m fund0:58 - Backing founders rebuilding industrial systems2:01 - Climate tech, AI and resource constraints3:47 - Raising Fund II6:09 - Investing in photonics chip company Olix9:16 - The founders the firm wants to back10:26 - Nuclear, hardware and industrial innovation12:47 - Why venture is moving beyond traditional SaaS14:00 - Europe vs the US for deep tech15:45 - Building the investment team18:13 - What makes a great founder

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David Helgason, Co-founder at Transition Ventures: Raising $150m Fund II

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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...

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