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January 22, 2024
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Closing the Loop: ArcTern Ventures Raises $335M for Fund III


  • Toronto-based venture capital firm ArcTern Ventures has closed Fund III, raising $335 million to invest in breakthrough technology companies addressing climate change and sustainability.
  • The fund’s limited partners include TD Bank Group, Allianz, Church Pension Group, OPTrust, Credit Suisse Asset Management, and other major institutional investors.

ArcTern Ventures, a Toronto-based venture capital firm focused on addressing climate change and sustainability, has closed its Fund III after raising $335 million. The firm aims to use the fund to invest in breakthrough technology companies that are dedicated to combating climate change and promoting sustainability. The limited partners of Fund III include major financial institutions such as TD Bank Group, Allianz, Church Pension Group, OPTrust, and Credit Suisse Asset Management, among others.

ArcTern Ventures specializes in funding companies that are working on innovative solutions to pressing global challenges, particularly in the areas of clean energy, sustainable transportation, and resource efficiency. The firm has a global reach and invests in companies across various stages of development, from early-stage startups to more established companies that are scaling up their operations.

This latest fund closure highlights the continued interest from institutional investors in supporting technologies that have the potential to address climate change and have a positive impact on the environment. By providing capital to these companies, ArcTern Ventures aims to accelerate their growth and help bring their solutions to market.

Some of ArcTern Ventures’ previous investments include companies such as CarbonCure Technologies, a Canadian startup that has developed a technology to reduce carbon emissions in the concrete industry, and Ecobee, a smart thermostat manufacturer that enables homeowners to reduce their energy consumption.

The closing of Fund III comes at a time when the need for sustainable solutions and the transition towards clean energy is more urgent than ever. Governments, companies, and consumers are increasingly recognizing the importance of addressing climate change and are taking steps to reduce their carbon footprint.

ArcTern Ventures’ focus on investing in companies that are actively working towards a more sustainable future aligns with this broader trend. The firm’s investments not only have the potential for financial returns but also contribute to the development and adoption of technologies that can have a positive impact on the environment.

The success of Fund III demonstrates the growing momentum in the market for sustainable investing and the increasing recognition of the opportunities that lie in companies addressing climate change and sustainability. As institutional investors continue to prioritize environmental, social, and governance (ESG) considerations, venture capital firms like ArcTern Ventures are well-positioned to play a key role in supporting the growth of innovative and sustainable businesses.

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