Active Impact Investments, a Vancouver, British Columbia, Canada-based climate tech seed firm, raised more than $70M in commitments for its third fund — moving towards the ultimate goal of $120M.
New institutional investors include Northleaf Capital Partners through its Canadian venture capital strategy, Co-operators Corporate Venture Capital Fund, and Deloitte Ventures. Fondaction labour-sponsored fund returned as a co-anchor and the University of Victoria re-upped for Fund III.
The third fund will continue to invest in early-stage, private companies across North America that are capable of achieving venture scale and profitability while solving urgent environmental issues. The firm plans to add 20 companies to its portfolio
Led by Mike Winterfield, Founder and Managing Partner, Tom Boddez, General Partner, Active Impact Investments is a Certified B Corp. whose mission is to support environmental sustainability through profitable investment by providing money and talent to accelerate the growth of early-stage climate tech companies with early revenue and significant growth potential.
Founded in 2018, the firm has invested in 31 companies across North America and has exited three via acquisitions, with a fourth exit pending.