Macfarlanes advises Transition Ventures on Fund II final close at $150m

Macfarlanes has advised Transition Ventures, the London-based early-stage investment firm, on the final close of its second fund at $150m. The close takes Transition Ventures' total assets under management to over $300m.

Transition Ventures backs founders that build companies across software, hardware and DeepTech, with the firm's team having founded companies’ worth over $15bn across the sectors listed. Fund II sits within a broader pattern of specialist European venture funds raising capital for DeepTech, AI, climate, energy, industrial systems and research-led company formation. Fund II brought together 35 limited partners, including nine new partners alongside re-ups from the majority of Fund I investors. 

The Macfarlanes team was led by Senior Adviser Stephen Robinson with support from Senior Counsel Tiffany Cox and Associate Emily Batchelor. Partner Joe Robinson led on tax aspects with assistance from Associate Sam Pettinger-Harte.