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ArcTern Ventures

North America, Ontario, Canada, Toronto

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
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does ArcTern Ventures frequently co-invest with?

Fifth Wall
North America, California, United States, Los Angeles
Co-Investments: 4
Embark Ventures
North America, California, United States, Los Angeles
Co-Investments: 2
Inven Capital
Europe, Hlavni mesto Praha, Czech Republic, Prague
Co-Investments: 3
Baidu Ventures
Asia, Beijing, China, Beijing
Co-Investments: 2
Ecosystem Integrity Fund
North America, California, United States, San Francisco
Co-Investments: 3
Energy Impact Partners
North America, New York, United States, New York
Co-Investments: 5
The Westly Group
North America, California, United States, Menlo Park
Co-Investments: 3
Costanoa Ventures
North America, California, United States, Palo Alto
Co-Investments: 3
One Way Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 3
True Ventures
North America, California, United States, Palo Alto
Co-Investments: 3

Which angels does ArcTern Ventures often collaborate with?

JB
North America, California, United States, San Francisco
Shared Deals: 1
Alex Moorhead
North America, Ontario, Canada, Toronto
Shared Deals: 1
RG
North America, Massachusetts, United States, Boston
Shared Deals: 1
Shared Deals: 1
MR
Europe, England, United Kingdom, London
Shared Deals: 1
PH
Europe, England, United Kingdom, London
Shared Deals: 1
DL
Europe, Catalonia, Spain, Barcelona
Shared Deals: 1
SN
North America, Florida, United States, Miami
Shared Deals: 1
NT
North America, California, United States, San Francisco
Shared Deals: 1
RN
North America, Washington, United States, Seattle
Shared Deals: 1

What are some of recent deals done by ArcTern Ventures?

Muon Space

Mountain View, California, United States

Muon Space is a space systems company that designs, builds, and operates LEO satellite constellations for earth intelligence missions.

AerospaceInformation ServicesInformation Technology
Series BJun 12, 2025
Amount Raised: $44,500,000
Hyperlume

Ottawa, Ontario, Canada

Hyperlume Inc. is building a sub pJ/bit optical link for high-performance computing, AI, and processors for computing platforms.

SeedFeb 19, 2025
Amount Raised: $12,500,000
Harbinger

Garden Grove, California, United States

Harbinger is a commercial electric vehicle company that focuses on chassis architecture design.

AutomotiveAutonomous VehiclesElectric Vehicle
Series BJan 14, 2025
Amount Raised: $100,000,000
SRTX

Montréal, Quebec, Canada

SRTX Labs creates breakthrough materials and software solutions for textiles, emphasizing durability, sustainability, and smart production.

FashionManufacturingTextilesWearablesWomen's
Convertible NoteDec 3, 2024
Amount Raised: $25,000,000
Woltair

Prague, Hlavni mesto Praha, Czech Republic

Woltair is a clean energy company that offers SaaS platform to act as an integrator of buildings decarbonisation services.

AppsRenewable EnergySolar
Series BNov 14, 2024
King Energy

Durango, Colorado, United States

King Energy is a next-generation energy company that brings solar power to multi-tenant commercial properties.

Clean EnergyEnergyRenewable EnergySolar
SeedOct 16, 2024
Amount Raised: $10,000,000
Liminal

Emeryville, California, United States

Liminal operates as a battery manufacturing intelligence provider that utilizes data and analytics.

AnalyticsBatteryInformation TechnologySemiconductorSustainability
Series UnknownOct 15, 2024
Amount Raised: $10,000,000
Cyclic Materials

Kingston, Ontario, Canada

Cyclic Materials recycles rare earth elements from magnet-containing products for sustainability.

CleanTechIndustrialRecycling
Series BSep 25, 2024
Amount Raised: $52,655,233
Parity

Toronto, Ontario, Canada

Parity is a software for buildings that automatically manages their energy and tracks their savings.

EnergyReal EstateSoftware
Series BJun 11, 2024
Amount Raised: $18,951,565
Soly

Groningen, Groningen, The Netherlands

Soly is a solar energy startup that provides energy equipment to make solar energy accessible to everyone.

Clean EnergyCleanTechEnergyRenewable EnergySolar
Series BJan 15, 2024
Amount Raised: $32,834,900