See you at London Deep Tech Week!

Under the Pacific seafloor sits enough clean, constant power to carry baseload across entire coastal regions. Nobody has figured out how to plug into it. AI infrastructure is being built at over $1.3 billion of CapEx a day, and the US is on track for an 85-gigawatt power shortfall by 2030. Pacific island nations already pay almost 7x what Americans do for electricity, and everything they burn arrives by ship. Offshore geothermal could fill much of that gap: gigawatts of zero-emission baseload, right where the demand is. No new physics required. Drilling, turbines, and subsea hardware all exist in adjacent industries. Endurance Energy is integrating them into a single unit you can lower onto the seafloor, hold at 300°C+ for years, and recover for service. In the past year, the team has completed four prototype deployments at depths up to 3,300 meters and is on track to deploy their first 100kW generator to the Juan de Fuca ridge this fall. That unit will generate power on the seabed and run a co-located compute module -- a complete end-to-end demo, with line of sight to grid power within two years. We're excited to invest in Endurance's $54M Series A.

There's a sliver of space -- 200 to 300 km up -- that's been empty for sixty years. Not because nobody wanted it, but because nothing could survive there. The closer a satellite flies to Earth, the more it can do and the less it costs. The catch is atmospheric drag: strong enough at this altitude to pull satellites back to Earth within weeks, and corrode them on the way down. @NewOrbitSpace is building a satellite that handles both. NEO-1 has its own engine to fight the drag, materials that survive the chemistry, and a design built to stay up for five years. That unlocks high-resolution images from space at roughly 20x lower cost, 5G straight to a phone without rooftop antennas, and live HD video from orbit -- things that simply aren't possible from where satellites fly today. We're proud to lead NewOrbit's $18.5M Series A and back the UK-based team.

Today, we’re announcing Voyager’s $275M Fund II. We launched Voyager in 2021 with a clear conviction that the next era of progress will be built on foundational technologies: electrification, advanced manufacturing, and AI that optimizes the physical world. Now more than ever, that conviction is being validated, and the opportunity to build a world of abundance has never been more clear. A generation of brilliant founders - engineers, scientists, biologists, chemists - is leading the way, reinventing how the world makes and uses energy, materials, and machines. At Voyager, accelerating the success of those founders is our lives’ work. We are former founders ourselves - and engineers, scientists, and operators. We look to partner with founders whose vision and persistence redefines what’s possible. We are grateful to our LPs for their ongoing support and to the extraordinary founders with whom we are fortunate to work. Onwards. @sclarsic, @sierrap, and the @VoyagerVC team

Rocket tech to power data centers, industry and beyond 🚀 Clean, low-cost power is the foundation of any good future for humanity. Arbor Energy's extraordinary team is building it now Proud to co-lead Arbor's $55M Series A with our friends @lowercarbon! bloomberg.com/news/articles/…

Always a treat to bring the Voyager community, our founders, and our LPs together during Climate Week NYC. Voyager portfolio companies @moment_energy, @Enapi_gmbh, Leeta, and Generate sat down with us during our party to share what they’re building and where they’re winning. Thanks to everyone who joined us for the Voyager x @generalcatalyst party!