Fundraising Fox

ArcTern Ventures

Venture capital

Toronto · Seed–Growth · 18 people tracked

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

Find your way into ArcTern Ventures

4,070 people in our graph share verified history with the ArcTern Ventures team — schools, employers, funds. One of them is your warm intro.

David Phuunlockedknows Dinesh Ganesan · together at PwC (overlapped)
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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 Sep 15, 2026.

Stage
Seed–Growth
Check
$730K – $2.9M
HQ
Toronto, ON, CA
Instruments
Equity
Founded
2012
Last 12 months
3 investments
AUM
$511M
VC funds
2
Tracked investments
57

Team · 18 people

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

What they invest in

from 31 of 57 portfolio companies

Cleantech ×13AI & Machine Learning ×9Energy ×8Climate Tech ×6Deep Tech ×6Hardware ×6IoT ×5Circular Economy ×4

HQs:United States×12Canada×9Norway×1

Who they back

founder profiles across 11 portfolio companies
55%
solo founders
6 of 11 mapped founding teams
53%
repeat founders
of 15 founders with career history

Founding team size:solo founder×62 founders×23 founders×3

Where their founders studiedfrom 14 founders with education data

Stanford University ×2

What their founders studiedfrom 13 founders with field-of-study data

Engineering ×5Computer Science ×3Chemistry ×2

Where their founders worked beforefrom 15 founders with career history

Princeton University ×2

Investments · showing 54 of 57

founders shown can be your intro path

By year:2026 · 12025 · 22024 · 12023 · 22022 · 12021 · 32020 · 111 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

Frederick W. SmithRaj SubramaniaminJohn W. Dietrich(Executive Vice President, Chief Financial Officer)in

Co-investorsMatrixGreycroftLeitmotifManiv MobilityOverture ClimateSchematic Ventures+1 more

Liminal Insightsliminalinsights.comin𝕏✓ verified

Liminal Insights uses ultrasound-based technology to provide quality control and inspection for battery cell R&D and manufacturing, targeting battery cell manufacturers and automotive OEMs.

Advanced ManufacturingAI & Machine LearningCleantechDeep TechEnergyBay Area, US

Shaurjo Biswas(CEO, CTO, & Co-Founder)inDan Steingart(Co-Founder)inBarry Van Tassell(Co-Founder)in

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

Woodland Biofuelswoodlandbiofuels.comin✓ verified

Woodland produces carbon-negative renewable fuels including hydrogen, natural gas, methanol, and ethanol from waste biomass rather than food sources.

Circular EconomyCleantechClimate TechEnergyToronto, CA

Greg Nuttall(President and CEO)in

Co-investorsMiddleland CapitalBild Alternative Investments Corporation

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)inSarah Skinner(Executive Officer)inJon Norman(Executive Officer)inChris Phebus(Executive Officer)inPatrick Moyer(Executive Officer)in

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

Co-investorsAmplify CapitalBild Alternative Investments CorporationPlaza VenturesCanada Growth Fund

Aquabyteaquabyte.aiFeb 2023 · $25M

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+3 more

Carbon Americacarbonamerica.comin

CarbonAmerica captures and stores carbon dioxide as part of climate change mitigation efforts.

CleantechClimate TechDeep TechEnergy

Brent Lewis(Chief Executive Officer)inKevin Pykonen(VP, Commercial Development & Technology Ventures)

Co-investorsEnergy Impact PartnersS2G Investments

Clir Renewablesclir.ecoinJun 2021

Clir AI automates portfolio reporting, benchmarking, and reforecasting for renewable energy assets across solar, wind, and battery storage, giving asset managers and investment managers a comparable view of portfolio performance.

AI & Machine LearningCleantechEnergyVancouver, CA

Gareth Brown(Chief Executive Officer)inIan Irvine(Director)

BoardJenny Yang(Director)inTyson Birchall(Director)Tom Rand(Director)in

Co-investorsForesightLongbow CapitalActive Impact InvestmentsBDC Capital CorporationLongbow Energy Services (INT)

Costanoa Venturescostanoavc.com

Costanoa is a venture capital firm that invests in early-stage founders solving large, technically hard problems, with a focus on enterprise software companies.

Enterprise Software

Co-investorsBCIFoundryACME CapitalACTivate CapitalCherry VenturesCongruent Ventures+6 more

Cyclic Materialscyclicmaterials.earthin

Cyclic Materials recovers rare earth elements and other critical minerals from end-of-life products through proprietary magnet separation and refining technologies.

Circular EconomyCleantechNew MaterialsKingston, CA

Co-investorsBMW i VenturesClimate InvestmentEnergy Impact PartnersHitachi VenturesInMotion VenturesZero Infinity Partners

Emitwiseemitwise.comin𝕏Mar 2022 · $6.6M

A software platform that helps procurement teams measure, track, and reduce Scope 3 supply chain emissions by providing suppliers with tools to calculate carbon footprints and set science-aligned reduction targets.

CleantechClimate TechEnterprise SoftwareSaaS

Eduardo Gómez(Founder)in

Co-investorsXplorer CapitalLightbird Ventures AGOutsized VenturesSocial Impact CapitalTrue Ventures

Ev Energyevenergygroup.comin𝕏

Evenergy Group provides strategic consulting and project management services for electric vehicle charging infrastructure, helping clients plan, bid, and execute charging solutions while coordinating with utilities.

CleantechEnergyIoTMobility & TransportationSaaS

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 Technologies transforms plastic waste into high-performance materials through molecular recycling technology, breaking down post-consumer polypropylene and polyethylene for use in commercial applications and circular economy solutions.

Circular EconomyCleantechNew MaterialsToronto, CA

Co-investorsInnovative Solutions CanadaClosed Loop PartnersCycle Capital

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)inPhillip Weicker(Executive Officer, Director, Promoter)inBenjamin 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)inSemion Saykin(Executive Officer)Alan Aspuru-Guzik(Executive Officer)inAshish Kulkarni(Executive Officer, Director)in

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)in

Co-investorsBlackhorn VenturesNext Frontier Capital

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+13 more

MMB Networksmmbnetworks.comin𝕏

MMB Networks is a connectivity and IoT company specializing in Smart Energy solutions, serving clients from strategy through manufacturing and deployment.

Cloud ComputingEnergyHardwareIoT

Co-investorsPlaza VenturesRoadmap Capital Inc.

Mosa Meatmosameat.comin

Mosa Meat is a company developing cultivated meat.

BiotechClimate TechFoodTech

Mark Post(Founder)

Co-investorsAgronomicsBlue Horizon CorporationCollateral GoodLOWERCARBONLowercarbon CapitalM Ventures+6 more

Normalnormal.devMar 2026 · $50M

Normal builds open, AI-powered building automation software for portfolio managers, replacing siloed legacy systems with unified dashboards and centralized control across multiple properties.

AI & Machine LearningCloud ComputingEnterprise SoftwareIoTPropTechSaaS

Co-investorsZigg CapitalDrive CapitalFirst Spark Ventures, LlcLaude VenturesMicron VenturesSamsung Catalyst Fund

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

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)inDavis Foster(Executive Officer, Director, Promoter)inJohn Morrison(Executive Officer, Director, Promoter)Brian Merkel(Executive Officer)in

BoardSameer Reddy(Director)inLucy Deland(Director)in

Co-investorsAlumni VenturesEnergy 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 & Chairman, co-founder)inRaja Bal(CFO)inTim Anglim(Executive Officer)Shu-Jen Han(CTO)inMatt Hutchings(CPO)in

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

Sheertexsheertex.comOct 2020 · $44M

Sheertex manufactures luxury rip-resistant shaping tights designed for compression and support.

ConsumerDirect to ConsumerFemTechNew MaterialsMontreal, CA

Natalie Catania(Founder)in

Co-investorsBackbone AngelsG2VPH&M CO:LAB

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)in

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

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

Terrameraterramera.comin𝕏

Terramera is a holding company that builds independent agricultural companies using science-based approaches to advance sustainable farming solutions.

AgTechAI & Machine LearningBiotechClimate TechVancouver, CA

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

Co-investorsBold Capital PartnersHarmonix FundOspraie Ag ScienceS2G InvestmentsRenewal Funds

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)in

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

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

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Span.IO, Inc.Automated Carbon Accounting ViewBattery Inspection Technology ViewCellulosic Ethanol Production ViewClirConcentrated Photovoltaic Solar ViewHarbingerMaking Products Smarter ViewMorgan SolarMuonPalmettoPolar SapphireRecurrentRethoughtSmarter AlloysSparqSubscription Utility E-Bikes ViewSustainable Aquaculture Technology ViewSustainable Cultured Meat ViewThinkiqWinnowXealZoomo

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

1 IPOs

FedExNYSE: FDX

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has ArcTern Ventures made?
ArcTern Ventures has 57 tracked investments, 1 of which have exited, including 7 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.
Does ArcTern Ventures lead rounds?
ArcTern Ventures has led 4 of the 13 rounds where its role is on record.
Who does ArcTern Ventures co-invest with?
ArcTern Ventures most often shares deals with LG Technology Ventures, S2G Investments, Energy Impact Partners, among 71 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 founded by Vinod Khosla.

$5K – $50M
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
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
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
Active Impact Investments

Active Impact Investments is a climate tech seed fund based in Canada, backing early-stage companies that advance planetary sustainability by innovating across production and consumption industries.

Both backed · 1
$1M
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
4 more co-investors

Galdana VenturesCore Venture Capital55 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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