Vancouver’s Active Impact Investments has closed its third fund at $110 million, making it Canada’s largest climate tech seed fund. With over $180 million in assets under management, the firm will invest in 25 early-stage companies, primarily in Canada. Co-anchored by Northleaf Capital Partners and Fondaction, Fund III has already backed Jetson, Skyward, RIPTK, and ThinkLabs AI.
Founder Mike Winterfield cited strong Canadian public policy and talent as key drivers. The fund supports startups delivering emissions reductions and cost savings. Active, founded in 2018, has invested in nearly 40 companies and achieved seven exits to date.
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