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ArcTern Ventures secures C$200M for clean technology fund

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ArcTern Ventures secures C$200M for clean technology fund

ArcTern Ventures raised C$200 million for ArcTern Ventures Fund II, including foreign investor commitments of more than C$45 million.

Norwegian state-owned venture fund Nysnø; Investissement Québec; and the Government of Canada-backed federal government program, Venture Capital Catalyst Initiative, committed C$10 million to Fund II.

Existing investors OMERS; Equinor; TD Bank Group, Suncor Energy Inc.; BDC, a leading Canadian pension fund; and family offices in North America and Europe also participated in the fundraising.

The Canadian venture capital firm invests in clean technology companies focused on climate change and sustainability.