In an impressive show of commitment to cleantech, Toronto-based ArcTern Ventures has secured a staggering US$335-million for its third climate-focused fund. Attracting major institutions, this round underscores the burgeoning interest in cleantech, despite recent sectoral headwinds.
Concentrating on early commercial-stage climate technology firms globally, ArcTern is eyeing North American and European ventures. Its areas of interest span renewable energy, low-carbon mobility, the circular economy, sustainable food, and industrial decarbonization.
The fund, already invested in eight companies across Europe and the U.S., positions ArcTern among the global leaders in climate venture capital.
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