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Voyager Ventures has successfully closed its second fund at $275 million, focusing on investments in German startups, particularly in sectors like energy generation, advanced manufacturing, and physical AI. The San Francisco-based firm, which has previously backed companies such as Annea and Enapi, aims to capitalize on the rising demand for capital in Germany, where a significant portion of startups plan to seek funding in the coming year. With this new fund, Voyager Ventures now manages a total of $475 million across three funds.