Fundraising Fox

ArcTern Ventures

Venture capital

Toronto · Seed–Growth · 21 people tracked

Also known as ARCTERN GLOBAL INC. · ArcTern Ventures (NR)

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Investment thesis

ArcTern Ventures backs bold founders scaling breakthrough technologies that address climate change and sustainability. Sustainability is embedded in every investment decision, and the firm believes strong financial returns follow from making meaningful environmental impact. Its partners are former startup founders who work hands-on with companies, offering operational expertise and a global network to accelerate growth. The firm invests globally in startups tackling carbon and sustainability problems, with focus areas including clean energy, energy efficiency and storage, circular economy, advanced manufacturing and materials, mobility, and food systems.

Source: firm website, verified Aug 25, 2026.

Stage
Seed–Growth
Check
$730K – $2.9M
HQ
Toronto, ON, CA
Instruments
Equity
Founded
2012
Last 12 months
2 investments
AUM
$511M
VC funds
2
Tracked investments
50

Team · 21 people

from the firm's website & public directories
Tanya Boyko· Principalin
Jon Dogterom· Advisor, Investment Committee

What they invest in

from 25 of 50 portfolio companies

Cleantech ×10Energy ×7AI & Machine Learning ×6Climate Tech ×6Hardware ×5Deep Tech ×3IoT ×3Robotics ×3

HQs:United States×10Canada×3Norway×1

Investments · 50 tracked

founders shown can be your intro path

By year:2025 · 22024 · 12023 · 12021 · 26 dated

FedExfedex.comin𝕏NYSE: FDXNov 2025 · $160M

FedEx is a global courier and logistics company that provides shipping, delivery, and supply chain management services for businesses and consumers worldwide.

Logistics & Supply Chain

Raj Subramaniamin

Co-investorsMatrixGreycroftLeitmotifManiv MobilityOverture ClimateSchematic Ventures+1 more

Hydrostorhydrostor.cainDec 2021SEC filingmedium confidence

Hydrostor develops long-duration energy storage using Advanced Compressed Air Energy Storage (A-CAES), a closed-loop system combining air, water, and purpose-built underground hard-rock caverns to store off-peak electricity for the electric grid.

CleantechClimate TechEnergyToronto, CA

CURTIS VANWALLEGHEM(Executive Officer, Director)inTom Duckett(Executive Officer)Sarah Skinner(Executive Officer)inJon Norman(Executive Officer)inChris Phebus(Executive Officer)inPatrick Moyer(Executive Officer)

Board seatTom Rand· per SEC Form D · filed Dec 2021

Co-investorsAmplify CapitalBild Alternative Investments CorporationPlaza VenturesCanada Growth Fund

Span.IO, Inc.Mar 2023SEC filingmedium confidence

San Francisco, US

Douglas Booms(Executive Officer)Dipender Saluja(Director)Greg Wasserman(Director)Timur Davis(Director)Ryan Harris(Executive Officer)Archan Rao(Executive Officer, Director)

Board seatMurray McCaig· per SEC Form D · $100M raise · filed Mar 2023

Co-investorsAmazon Alexa FundCongruent VenturesTechnology ImpactWireframe Ventures

Aquabyteaquabyte.ai

Aquabyte develops an AI-powered platform combining computer vision and machine learning to monitor fish health, welfare, behavior, and biomass for aquaculture farms at sea and on land.

AgTechAI & Machine LearningIoTNorway, NO

Co-investorsAlliance VCAlliance VentureGraphene VenturesStruck CapitalAlaya CapitalCostanoa Ventures+1 more

Automated Carbon Accounting View
Battery Inspection Technology View
Carbon Americacarbonamerica.comin

Carbon America is a carbon capture developer that manages the full CO₂ capture, transport, and storage value chain — from screening and development through construction, operation, and closure — for hard-to-abate industrial and power sector emitters.

CleantechClimate TechEnergy

Co-investorsEnergy Impact PartnersS2G Investments

Cellulosic Ethanol Production View
Clir

Wind and Solar Production Optimization Using AI

Concentrated Photovoltaic Solar View
Cyclic Materials

Circular supply chain solutions for rare earth elements recycling

Co-investorsHitachi VenturesInMotion Ventures

Emitwiseemitwise.comin𝕏

Emitwise, now part of Green Project Technologies, provides carbon accounting and decarbonization software for businesses to measure and reduce their emissions.

CleantechClimate TechSaaS

Co-investorsXplorer Capital

Ev Energyevenergygroup.comin𝕏

EV Energy Group provides end-to-end electric vehicle charging solutions, including site planning, installation, charger operation, and network management through its EVXY Network and app.

CleantechEnergyMobility & Transportation

Flashfoodflashfood.comin𝕏

Flashfood is an app that connects shoppers with discounted fresh produce, meat, and other grocery items at local stores, offering savings up to 50% while reducing food waste.

ConsumerE-commerceFoodTechToronto, CA

Co-investorsMatchstick VenturesS2G InvestmentsTechstars

GreenMantra Technologiesgreenmantra.comin𝕏

GreenMantra uses a patented molecular recycling technology to convert waste plastic that would otherwise reach landfills and oceans into specialty polymer additives for industrial applications.

Circular EconomyCleantechNew Materials

Co-investorsInnovative Solutions CanadaCycle Capital

Harbinger
Harbinger Motorsharbingermotors.comin𝕏Nov 2025 · $160M

Harbinger Motors designs and manufactures electric vehicles built on medium-duty platforms for commercial and industrial transportation.

CleantechHardwareMobility & TransportationGarden Grove, US

John Harris(Chief Executive Officer & CoFounder)Phillip Weicker(Executive Officer, Director, Promoter)Benjamin Dusastre(Executive Officer)Ryan Clinton(Director)inWilliam Eberts(Executive Officer, Director, Promoter)

BoardGilbert Passin(Director)

Co-investorsAcequia Capital (AceCap)CarbonGreycroftGround Up VenturesIn-Q-TelLakewest Venture Partners+9 more

Hyperlumehyperlume.comin𝕏Nov 2024

Hyperlume develops copper interconnect and Active Electrical Cable (AEC) connectivity solutions supporting data rates from 100G up to 1.6T for data centers and AI deployments.

Deep TechHardwareSemiconductorsOttawa

Charles Lesperance(Director)Hossein Fariborzi(President, Treasurer and Chief Technology Officer.)Mohsen Asad(Chief Executive Officer and Corporate Secretary.)

Co-investorsLG Technology VenturesSOSVUCeed Funds

Kebotixkebotix.comin𝕏

Kebotix uses artificial intelligence, machine learning, and laboratory automation to discover and develop new materials and molecules.

AI & Machine LearningDeep TechNew MaterialsCambridge, US

Dennis Sheberla(Executive Officer)Semion Saykin(Executive Officer)Alan Aspuru-Guzik(Executive Officer)inAshish Kulkarni(Executive Officer, Director)

BoardTong Hui(Director)Andrew Krowne(Director)in

Co-investorsBantam GroupFlybridge Capital PartnersOne Way VenturesPropagator VenturesSafar PartnersWorldQuant Ventures+3 more

Kingkingenergy.comin𝕏

King Energy develops software and financing solutions for commercial solar installations on multi-tenant properties.

CleantechEnergyPropTechSaaS

John Witchel(CEO)

Co-investorsBlackhorn VenturesNext Frontier Capital

Liminal Insightsliminalinsights.comin𝕏

Liminal Insights builds EchoStat, an inspection platform that combines ultrasound and machine learning for non-destructive analysis of prismatic, pouch, and cylindrical battery cells across chemistries.

Advanced ManufacturingAI & Machine LearningEnergy

Co-investorsChrysalixEcosystem Integrity FundGood Growth CapitalHelios Climate VenturesISVLG Technology Ventures+1 more

Making Products Smarter View
Mighty Buildingsmightybuildings.comin𝕏Jan 2021Defunct

Mighty Buildings manufactures prefabricated homes using 3D printing technology and robotics, with a goal of reducing construction emissions and waste.

PropTechRoboticsSan Francisco, US

Slava Solonitsyn(Founder)inDmitry Starodubtsev(Founder)in

Co-investorsAbies VenturesAzure Ventures GroupBay Bridge Ventures ClimateBold Capital PartnersDesigner FundEvolution VC Partners+12 more

MMB Networksmmbnetworks.comin𝕏

MMB Networks develops connectivity hardware, software, and tools — including gateways, border routers, mesh extenders, and Wi-SUN, Thread, and Zigbee products — for smart energy and IoT applications.

EnergyHardwareIoT

Co-investorsPlaza VenturesRoadmap Capital Inc.

Morgan Solar
Mosa Meatmosameat.comin

Mosa Meat is a food technology company that produces cultivated beef by growing muscle cells from a small animal sample into real meat, aiming to make beef burgers without slaughtering animals.

BiotechClimate TechFoodTech

Co-investorsAgronomicsBlue Horizon CorporationCollateral GoodM VenturesMbuyu Capital PartnersStray Dog Capital+5 more

Muon
Normal
Palmetto
Parityparity.ioin𝕏

Parity builds technical infrastructure that helps enterprises and startups adopt Web3, with a focus on the Polkadot ecosystem.

Crypto & Web3Data & InfrastructureDeveloper Tools

Gavin Wood(Founder)in

Co-investorsDigital Currency GroupFenbushi Capital

Polar Sapphire

High Purity Alumina for LEDs and Batteries

Recurrent
Rethought
scythe roboticsscytherobotics.comin

Scythe builds the M.52, an autonomous, battery-powered commercial mower with onboard perception technology (Scythe Sight) for landscape maintenance crews.

AI & Machine LearningCleantechHardwareRoboticsLongmont, US

Isaac Roberts(Executive Officer, Director, Promoter)Davis Foster(Executive Officer, Director, Promoter)John Morrison(Executive Officer, Director, Promoter)Brian Merkel(Executive Officer)

BoardSameer Reddy(Director)Lucy Deland(Director)in

Co-investorsEnergy Impact PartnersInspired CapitalKokopelli CapitalZigg CapitalLemnos VC

SeeQC Incseeqc.comin𝕏

SEEQC develops a digital quantum computing platform that integrates the core functions of a quantum computer—including qubits and classical control logic—onto superconducting cryogenic chips, aiming to scale qubits without added complexity.

Deep TechQuantum ComputingSemiconductorsElmsford, US

Oleg Mukhanov(CSO)inJohn Levy(CEO)inRaja Bal(CFO)Tim Anglim(Executive Officer)Matthew Hutchings(Executive Officer)Shu-Jen Han(CTO)

Co-investorsBlueYard CapitalNordicNinjaEQT VenturesBooz Allen VenturesCambium CapitalLG Technology Ventures+5 more

Smarter Alloys

Electricity from Low-Temperature Waste Heat

SPANspan.ioin𝕏

SPAN develops smart electrical panels that provide real-time home energy monitoring and control, enabling homeowners to track and optimize energy consumption at the room and appliance level to reduce energy bills.

CleantechHardwareIoTSan Francisco, US

Arch Rao(Founder & CEO)

Co-investorsAngeleno GroupCollaborative FundCongruent VenturesDesigner FundEarth FoundryEnergy Foundry+15 more

Sparq

High-performance and cost-effective power conversion

SRTXsrtxlabs.comin𝕏

SRTX develops materials and software tools for textile manufacturing, with an initial product line of hosiery made from high-strength polymers.

Advanced ManufacturingRoboticsMontreal, CA

Katherine Homuth(Founder/CEO)in

Co-investorsSeraph GroupY CombinatorG2 Venture PartnersKickstart VenturesZeno Ventures

Subscription Utility E-Bikes View
Sustainable Aquaculture Technology View
Sustainable Cultured Meat View
Terrameraterramera.comin𝕏

Terramera develops technology for clean food, combining its proprietary Actigate Targeted Performance platform with data science and machine learning to reduce synthetic chemical loads and create natural agricultural products for farmers and consumers.

AgTechAI & Machine LearningClimate TechVancouver

Michael Scott(Executive Officer)Karn Manhas(Executive Officer, Director)Alex Lau(Director)Jeffrey Booth(Director)Craig Hughes(Executive Officer)

BoardSanjeev Krishnan(Director)

Co-investorsBold Capital PartnersHarmonix FundOspraie Ag ScienceS2G InvestmentsRenewal Funds

Thinkiq
Trovethisismy.placein𝕏

A mobile experience where users tap through short interactive scenarios and make choices, framed as a game rather than a quiz, to build a profile of the user's personality or preferences.

ConsumerGamingSocial

Co-investorsBetaworksCapital One VenturesG2 Venture PartnersKhosla VenturesMenlo Ventures

Trove Recommercetrove.comin

Trove operates a platform for brand resale and recommerce, enabling iconic brands to sell returned and excess inventory through secondary markets.

AI & Machine LearningB2B MarketplacesCircular EconomyRetail TechBrisbane, US

ANDREW RUBEN(Director, Promoter)John Connolly(Founder)inGAYLE TAIT(Executive Officer, Director)

BoardGABRIEL KRA(Director)inBROOK PORTER(Director)inSHELLEY BRANSTEN(Director)

Co-investorsClaremont Creek VenturesCommerce VenturesDBL PartnersG2 Venture PartnersGlobal BrainPrelude Ventures+5 more

Winnow

Food Waste Reduction IoT for Commercial Kitchens

Woodland Biofuelswoodlandbiofuels.comin

Woodland Biofuels uses biomass gasification followed by catalytic reactions to convert biomass waste into carbon-negative hydrogen, renewable natural gas, methanol, or ethanol.

CleantechClimate TechEnergy

Co-investorsBild Alternative Investments Corporation

Xeal
Zoomo

Provider of high-performance light electric vehicles for urban fleets and couriers.

Co-investorsContrarian VenturesVirescent Ventures

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Exits · 1

IPOs and acquisitions across the tracked portfolio

FedExNYSE: FDX

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has ArcTern Ventures made?
ArcTern Ventures has 42 tracked investments, including 1 dated in the last 24 months.
What stage does ArcTern Ventures invest at?
ArcTern Ventures invests at the Seed, Series A, Series B, Series C, Growth stages.
What is ArcTern Ventures's typical check size?
ArcTern Ventures typically writes checks of $730K – $2.9M.
What sectors does ArcTern Ventures focus on?
ArcTern Ventures focuses on Advanced Manufacturing, Circular Economy, Cleantech, Climate Tech, Energy, FoodTech, Impact & Social Good, Mobility & Transportation, New Materials.
Where is ArcTern Ventures located?
ArcTern Ventures is headquartered in Toronto, CA.
Who does ArcTern Ventures co-invest with?
ArcTern Ventures most often shares deals with LG Technology Ventures, S2G Investments, Energy Impact Partners, among 64 tracked co-investors.

Media · Podcasts & interviews

featuring the team

The Rise of Clean Tech: Tom Rand from ArcTern Ventures

360EnergyInc · Tom Rand

Meet the Manager with Tom Rand (ArcTern Ventures)

Carbon Equity · Tom Rand

LIVE: Driva 2020 Climate Investment Talks with Tom Rand from ArcTern Ventures

Nysnø Klimainvesteringer · Tom Rand

Cleantech investor Tom Rand of Arctern Ventures on PFAN

Private Financing Advisory Network · Tom Rand

Co-investors · 16

Khosla Ventures

Khosla Ventures is a venture capital firm that invests in early-stage companies focused on technology, mobile, and clean energy sectors, including biotechnology applications. The firm provides capital and strategic support to entrepreneurs developing breakthrough technologies across multiple markets.

$5K – $50M
G2 Venture Partners

G2 Venture Partners is a venture capital firm that invests in technology companies at their inflection points to help transform traditional industries toward sustainability.

$15M – $25M
Energy Impact Partners

Energy Impact Partners is an investment firm that connects entrepreneurs with major corporate partners to help drive the transformation of the global economy toward a more sustainable future.

$5M – $20M
Zeno Ventures

Zeno Ventures invests in early and growth stage technology enabled companies addressing consumer and enterprise markets.

Both backed · 2
Fifth Wall

Fifth Wall is an investment firm focused on technology for the built environment (PropTech), backing startups that make the spaces where people live, work, and play smarter, safer, and more energy efficient.

Both backed · 1
$250K – $100M
Foundamental

Foundamental is a venture capital firm focused on hardware and construction technology, providing strategic insights and investment perspective to founders building physical products for the AEC and construction industries.

Both backed · 1
$500K – $5M
Intel Capital

Intel Capital is the corporate venture capital arm associated with Intel, investing in and supporting technology companies as they scale.

$1M – $20M
Celesta Capital

Celesta Capital is a venture capital firm that invests in deep tech companies at the forefront of science and engineering.

$5M – $20M
Mangrove Capital Partners

Mangrove Capital Partners is a venture capital firm investing in early-stage technology companies, having been an early backer of eight unicorns including Skype, Wix, Flo Health and WalkMe.

$540K – $5.4M
Hitachi, Ltd.

Hitachi is a Japanese multinational conglomerate offering products and solutions across digital, energy, mobility, industry, measurement and analysis systems, life and ecosystem, and building systems, leveraging AI and digital technologies to accelerate DX for customers and society.

Future Energy Ventures

Future Energy Ventures (FEV) is a venture capital firm investing in founders building the future energy system through electrification, software, and digital infrastructure.

$1.1M – $11M
Galdana Ventures

A fund that invests in high-performing venture capital funds and directly in emerging technology companies, focusing on partnership with exceptional managers and identifying disruptive global opportunities.

4 more co-investors

Core Venture CapitalActive Impact Investments55 NorthBinance Labs

Firms observed investing alongside ArcTern Ventures, from public investor directories. Shared companies are the overlap with ArcTern Ventures's recorded portfolio.

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