TLDR: Toronto-based venture firm ArcTern Ventures has raised $335 million for its third fund, which will support companies that address climate change. The fund will focus on renewable energy, clean transport, and other industries that aim to reduce greenhouse gas emissions. ArcTern seeks to back early-stage companies that can quickly scale and have an immediate impact, such as those in the mobility sector and the electric vehicle market. The firm also prioritizes industries that are capital light and can avoid major capital investments.
Revolutionary Climate Tech: ArcTern Secures $335 Million for Third Fund
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