CPE News Brief (6.23.2022) – ArcTern Ventures has held initial close for its third fund, ArcTern Ventures Fund III.
Launched in June 2022, ArcTern Ventures has yet to make announcement about Fund III fundraising target.
ArcTern Ventures Fund II final closed in September 2019 with upsized $200 million with commitments from TD Bank Group, Suncor, BDC Capital, Ivey Foundation, OMERS, Equinor and others.
Fund III will be led by General Partners (GPs), Murray McCaig and Marc Faucher.
With offices in Toronto, San Francisco, California and Oslo, Norway, ArcTern Ventures is a CleanTech/EarthTech focused venture capital firm.
Since 2012, we’ve been investing in entrepreneurs obsessed with solving humanity’s greatest challenges—climate change and sustainability. We’re former startup founders ourselves, we get it, and like you, we believe technology can save our planet.
In addition to its flagship funds, ArcTern also manages a series of special purpose vehicles (SPVs) for its limited partner investors and co-investors.
photo credit: ArcTern Ventures