Transition
Venture capitalLondon · Seed–Series A · 18 people tracked
Also known as TRANSITION GLOBAL MANAGEMENT LIMITED
Investment thesis
Transition invests in founders building generational, full-stack companies that combine hardware, software, and frontier science to reshape the physical world. The firm believes the defining companies of the coming century will 'mold atoms, not just bits,' spanning AI, frontier science, new energy, and robotics. It backs pragmatic, principled founders early, before success is obvious, offering deep partnership through complexity. Transition runs a concentrated portfolio in which every founder receives support from the full team. Its partners are former founders and operators who have scaled billion-dollar companies, and they emphasize showing up with care, conviction, and hands-on involvement in building companies in the real world.
Source: firm website, verified Aug 25, 2026.
Team · 18 people
from the firm's website & public directoriesWhat they invest in
from 3 of 10 portfolio companiesAI & Machine Learning ×2Deep Tech ×2Energy ×2Cleantech ×1Enterprise Software ×1Hardware ×1Semiconductors ×1Space Tech ×1
HQs:Sweden×1United States×1
Investments · 10 tracked
founders shown can be your intro pathApplied Atomics develops space launch and test infrastructure for commercial rocket companies.
Deep TechEnergyHardwareSpace TechAnchorage, US
Ben Kellie(CEO)Paul Keutelian(Executive Officer, Director)Mark Lambert(Executive Officer, Director)
Co-investorsAlpaca VCCorigin VenturesUnruly Capital
Applied Atomics develops, builds and operates 100 MW-1 GW light-water nuclear plants co-located with industrial customers.
Ben Kellie(Founder)in
Co-investorsApollo Informal InvestmentElevate VenturesHEC Paris IncubatorInnovation UBCInventures Investment PartnersLotte Ventures+7 more
Builds vertically integrated modular nuclear plants delivering firm, clean baseload power for data centers and heavy industry.
Olix develops a novel compute architecture integrating SRAM with photonics to enable more efficient AI model deployment, addressing throughput, cost, and latency limitations of current GPU memory systems.
AI & Machine LearningDeep TechSemiconductors
James Dacombe(Founder)in
Co-investorsBackedCrane Venture PartnersFounder CollectiveHummingbird VenturesSovereignAITransition Global+5 more
Builds AI, robotics, and autonomy for firefighting, starting with an autonomous rapid-response fire suppression drone system.
Co-investorsTransition Global
Skye develops technology for managing energy and flexibility within industrial processes, drawing on expertise in control systems, industrial automation, and energy market trading.
AI & Machine LearningCleantechEnergyEnterprise Software
Tor Espen Steinvik(CEO)Andreas Lundgren(COO)Linus Frosteryd(CTO)
Co-investorsCourse Corrected VC Holding IIHAWKTAILSondo CapitalTransition Global
Portfolio news
latest coverage across their companiesOlix · olix.com · Aug 17, 2026
Applied Atomics · ca.investing.com · Jun 17, 2026
Frequently asked questions
- How many investments has Transition made?
- Transition has 8 tracked investments.
- What stage does Transition invest at?
- Transition invests at the Seed, Series A stages.
- What sectors does Transition focus on?
- Transition focuses on Advanced Manufacturing, AI & Machine Learning, Cleantech, Climate Tech, Deep Tech, Energy, Hardware, Mobility & Transportation, New Materials, Robotics, SaaS.
- Where is Transition located?
- Transition is headquartered in London, GB.
- Does Transition lead rounds?
- Transition typically participates in rounds rather than leading them.
- Who does Transition co-invest with?
- Transition most often shares deals with Transition Global, Crane Venture Partners, Founder Collective, among 7 tracked co-investors.
Media · Podcasts & interviews
featuring the teamThe Inevitable Transition | David Helgason (Transition) with Nico Rosberg (Rosberg Ventures)
Slush · David Helgason
Climate Investing with David Helgason, Transition - My Climate Journey #podcast
MCJ · David Helgason
Images
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