ArcTern Ventures, a Toronto, Canada-based venture capital firm investing globally in breakthrough technology companies addressing climate change and sustainability, closed Fund III, at $335m.
Limited partners include TD Bank Group, Allianz, Church Pension Group, OPTrust, Credit Suisse Asset Management, and other large institutional investors.
Fund III will invest in technology companies that develop and innovate solutions in renewable energy, clean mobility, circular economy, sustainable food, and agriculture and industrial decarbonization. The vehicle is primarily focused on the North American and European markets.
Led by Murray McCaig, ArcTern conducts thorough evaluations of all potential environmental impacts before committing to investments and only selects early growth-stage companies — particularly those undergoing a Series A or B funding round — with the greatest potential for GHG avoidance are selected to become part of ArcTern’s investment portfolio.
To ensure accountability, ArcTern’s Fund III is registered as an Article 9 fund under the European Union’s Sustainable Finance Disclosure Regulations and will be measured against a set of climate impact criteria to quantify and verify investments’ offset emissions.
The firm also has offices in Oslo and San Francisco.