Investments
42Funds
4Partners & Customers
1About 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
Latest ArcTern Ventures News
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.
ArcTern Ventures Investments Activity
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 | |||||
1/18/2022 | Series B - II |
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 | ||
Amount | $10M | $12.3M | |||
New? | No | No | Yes | ||
Co-Investors | |||||
Sources | 1 | 3 | 23 |
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) | ||||
12/31/2017 | ArcTern Fund I | ||||
ArcTern Ventures Fund III |
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 | |||
Status | Closed | |||
Amount | $149M | |||
Sources | 5 |
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 | Upstream Telecommunications and Software Systems, EnviroTower, Spotnik Mobile, McKenna Group, and Canadian Olympic Committee | 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 | Upstream Telecommunications and Software Systems, EnviroTower, Spotnik Mobile, McKenna Group, and Canadian Olympic Committee | |||
Title | Founder, Managing Partner | Founder, Managing Partner | Chief Financial Officer | Managing Partner |
Status | Current | Current | Current | Current |
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