Transition

Investment decisions are led by David Helgason, the co-founder of Unity Technologies, and his brother Ari Helgason. The two partners built the firm to leverage David's deep operating experience scaling a global technology platform. They run a concentrated decision-making process typical of a lean partnership structure.

Transition was co-founded by David Helgason, who previously founded and led Unity Technologies as CEO for over a decade. The venture firm is entirely separate from Unity as a corporate entity, but Helgason's reputation and network from building Unity define the fund's access to deal flow and its ability to advise portfolio companies on scaling technical products.

Transition focuses on the earliest stages of company formation. The firm typically writes initial checks at the pre-seed and seed stages, with the ability to follow on through Series A. This approach allows the partnership to enter at formation and maintain meaningful ownership as companies scale.

The firm invests across Europe with a primary emphasis on the United Kingdom and the Nordic region. David Helgason's Icelandic roots and long operating history in Copenhagen and London inform this geographic concentration, though the mandate allows for opportunistic investments elsewhere on the continent.

Transition operates as a direct investment vehicle, not a fund-of-funds. The firm deploys capital as a lead or co-investor directly into startup equity rounds. There is no public record of the firm making commitments into other venture funds.