
ArcTern Ventures
Description
ArcTern Ventures is a leading global venture capital firm dedicated to investing in early-stage climate technology companies. Headquartered in Toronto, Canada, with additional offices in San Francisco and Oslo, the firm focuses on disruptive cleantech solutions that address climate change and accelerate the transition to a net-zero economy. ArcTern targets Seed, Series A, and Series B stage companies, providing crucial capital and strategic support to innovators in sectors such as renewable energy, energy storage, sustainable materials, industrial decarbonization, and intelligent grids.
The firm has demonstrated significant growth and commitment to the climate tech space. In 2023, ArcTern successfully closed its third fund, Fund III, at an impressive US$335 million. This substantial raise brought their total assets under management across three funds to over US$600 million, solidifying their position as a major player in climate-focused venture capital. ArcTern's investment philosophy centers on identifying companies with strong intellectual property, scalable business models, and a clear path to commercialization, often taking a lead or co-lead position in funding rounds.
ArcTern Ventures typically deploys initial investments ranging from $2 million to $10 million USD, with a capacity for significant follow-on capital to support portfolio companies through subsequent growth stages. Their limited partners include a diverse group of institutional investors, corporations, and financial institutions, underscoring the broad confidence in their investment thesis and expertise. Through their strategic capital and deep industry networks, ArcTern aims to foster the development of technologies essential for global decarbonization and sustainable economic growth.
Investor Profile
ArcTern Ventures has backed more than 45 startups, with 8 new investments in the last 12 months alone. The firm has led 14 rounds, about 31% of its total and boasts 1 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series B, Series A, Seed rounds (top funding stages).
- Majority of deals are located in United States, Canada, United Kingdom.
- Strong thematic focus on Renewable Energy, Software, Energy.
- Led 3 rounds in the past year.
- Typical check size: $2M – $10M.
Stage Focus
- Series B (44%)
- Series A (29%)
- Seed (11%)
- Series C (7%)
- Series Unknown (4%)
- Series E (2%)
- Convertible Note (2%)
Country Focus
- United States (47%)
- Canada (24%)
- United Kingdom (11%)
- Czech Republic (7%)
- Norway (4%)
- The Netherlands (4%)
- Australia (2%)
Industry Focus
- Renewable Energy
- Software
- Energy
- Electric Vehicle
- Sustainability
- Cleantech
- Solar
- Artificial Intelligence (Ai)
- Machine Learning
- Information Technology
Frequently Asked Questions
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