ImpactAlpha, Jan. 22 – The Toronto-based venture capital firm’s ArcTern Fund II will tap into what the firm sees as a “multi-trillion-dollar” cleantech opportunity.
“The global cleantech sector is growing and innovating at such a rapid pace that it’s providing more investment opportunities than we ever thought possible only a few years ago,” said ArcTern’s Murray McCaig.
New investors include Norwegian state-owned venture fund Nysno, and Canada’s Investissement Québec and Venture Capital Catalyst Initiative. They join existing institutional investors and family offices including OMERS, Equinor, TD Bank Group, Suncor, and BDC, a leading Canadian pension fund.
ArcTern Fund II is the largest cleantech venture fund in Canada.