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Venture Capital
arcternventures.com

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Investments

42

Funds

4

Partners & Customers

1

About ArcTern Ventures

ArcTern Ventures, formerly MaRS Cleantech Fund, is a privately-backed venture capital fund that provides early-stage capital to companies developing breakthrough ideas in the cleantech sector. The Fund has developed a unique early-stage investment model through its partnership with MaRS, one of the largest innovation centres in world.

ArcTern Ventures Headquarter Location

101 College Street Suite 420

Toronto, Ontario, M5G 1L7,

Canada

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Latest ArcTern Ventures News

ArcTern Ventures launches fundraising for ArcTern Ventures Fund III

Jun 24, 2022

ArcTern Ventures launches fundraising for ArcTern Ventures Fund III ArcTern Ventures has yet to make any announcement of the fund and fundraising target. Tom Rand who founded ArcTern Ventures with McCaig will not led the fund. In September 2019, ArcTern Ventures final closed Fund II with upsized $200 million in capital commitments from TD Bank Group, Suncor, BDC Capital, Ivey Foundation, OMERS, Equinor and others. photo credit: ArcTern Ventures

ArcTern Ventures Investments

42 Investments

ArcTern Ventures has made 42 investments. Their latest investment was in Sheertex as part of their Series C on April 4, 2022.

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ArcTern Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/19/2022

Series C

Sheertex

No

1

3/31/2022

Series A

Emitwise

$10M

No

3

2/28/2022

Series A

FlashFood

$12.3M

Yes

23

2/24/2022

Series C

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$99M

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10

1/18/2022

Series B - II

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$99M

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10

Date

4/19/2022

3/31/2022

2/28/2022

2/24/2022

1/18/2022

Round

Series C

Series A

Series A

Series C

Series B - II

Company

Sheertex

Emitwise

FlashFood

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Amount

$10M

$12.3M

$99M

$99M

New?

No

No

Yes

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Co-Investors

Sources

1

3

23

10

10

ArcTern Ventures Fund History

4 Fund Histories

ArcTern Ventures has 4 funds, including ArcTern Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

1/23/2020

ArcTern Fund II

Early-Stage Venture Capital

Closed

$149M

5

9/18/2019

ArcTern Ventures Fund II (NR)

$99M

10

12/31/2017

ArcTern Fund I

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10

ArcTern Ventures Fund III

10

Closing Date

1/23/2020

9/18/2019

12/31/2017

Fund

ArcTern Fund II

ArcTern Ventures Fund II (NR)

ArcTern Fund I

ArcTern Ventures Fund III

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$149M

$99M

Sources

5

10

10

10

ArcTern Ventures Partners & Customers

1 Partners and customers

ArcTern Ventures has 1 strategic partners and customers. ArcTern Ventures recently partnered with Equinor on October 10, 2018.

Date

Type

Business Partner

Country

News Snippet

Sources

10/9/2018

Client

Norway

ArcTern Ventures Announces First Close of Second Cleantech Fund with OMERS and Equinor

ArcTern Ventures 's strong , entrepreneurial team , early-stage focus in many cleantech subsectors , and strong relationship with MaRS Discovery District , made it stand out in the cleantech space . ''

2

Date

10/9/2018

Type

Client

Business Partner

Country

Norway

News Snippet

ArcTern Ventures Announces First Close of Second Cleantech Fund with OMERS and Equinor

ArcTern Ventures 's strong , entrepreneurial team , early-stage focus in many cleantech subsectors , and strong relationship with MaRS Discovery District , made it stand out in the cleantech space . ''

Sources

2

ArcTern Ventures Team

4 Team Members

ArcTern Ventures has 4 team members, including current Founder, Managing Partner, Murray McCaig.

Name

Work History

Title

Status

Murray McCaig

Founder, Managing Partner

Current

Tom Rand

Founder, Managing Partner

Current

Michael Bain

Chief Financial Officer

Current

Thomas Rand

Managing Partner

Current

Name

Murray McCaig

Tom Rand

Michael Bain

Thomas Rand

Work History

Title

Founder, Managing Partner

Founder, Managing Partner

Chief Financial Officer

Managing Partner

Status

Current

Current

Current

Current

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