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ArcTern Ventures Continues to Attract Leading Investors Securing $200 million in CommitmentsInvestor commitment signals growing support for breakthrough technologies solving climate change issues as cleantech begins to disrupt virtually every industry TORONTO, Jan. 20, 2020 /CNW/ - ArcTern Ventures, a Toronto-based venture capital firm investing globally in breakthrough clean technology companies addressing climate change and sustainability, announced today that they have secured $200 million in commitments for its Fund II, including over $45 million from foreign investors.
"We continue to see strong interest and demand from institutional investors and family offices in North America and Europe for ArcTern's planet-positive investment strategy," noted Murray McCaig, managing partner at ArcTern. New major investors include Nysno (a Norwegian fund), Investissement Québec, and the federal government Venture Capital Catalyst Initiative that closed out the fund with a $10 million commitment. They join existing investors OMERS, Equinor, TD Bank Group, Suncor, BDC, a leading Canadian pension fund, family offices in North America and Europe, and others. "We evaluated a number of North American venture funds investing in climate and sustainability technologies," outlined Siri Kalvig, CEO at Nysnø Climate Investments. "We had a great connection with the ArcTern team and felt they have developed a strong understanding of how to drive value creation in this space combining deep technology focus with a hands-on approach and financial rigour. We are also excited about their presence in Norway, which we believe will be a strong hub to identify the best deals in Europe." Today's announcement confirms ArcTern Fund II as the largest cleantech venture fund in Canada and among the leading cleantech venture funds in the world. ArcTern's managing partners, Murray McCaig and Tom Rand, co-ounded ArcTern Ventures in 2012 with the view that the accelerating global transition to a greener economy was inevitable, bringing significant investment opportunity as it disrupts virtually all industries. "We are proud to support ArcTern Ventures with its growth," stated Guy LeBlanc, President and CEO of Investissement Québec. "Not only will this partnership allow us to showcase the cleantech industry's know-how and capacity for innovation in Québec and abroad, it's yet another way in which the Corporation is promoting the shift to a green, low-carbon economy. In 2020, it has become abundantly clear that businesses turning to green, innovative technologies are the ones that will stand out from the competition and get a head start in developing their business." ArcTern analysis shows a multi-trillion-dollar opportunity within the cleantech industry, particularly in cleantech innovation, and strong potential to generate both outsized financial returns and a positive environmental impact. "By securing $200 million from national and international investors, ArcTern will be able to invest in innovative, scaling companies in Canada's cleantech sector. Canadian cleantech companies are global leaders working to have positive environmental impacts, and our strategies are positioning them to export these benefits to the rest of the world." "The global cleantech sector is growing and innovating at such a rapid pace that it's providing more investment opportunities than we ever thought possible only a few years ago," explained McCaig. Rand, a leading global climate solution advocate, added that "Cleantech investing is a team sport, which is why we are excited to have united such a powerful and forward-thinking group of investor partners. Our leadership, coupled with their capital commitments, expertise and global connections will help drive the growth of our investee companies with the goal of transforming them into global market leaders." About ArcTern Ventures About Nysnø Climate Investments About Investissement Québec About Venture Capital Catalyst Initiative SOURCE ArcTern Ventures 
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