The Vancouver-based investor, which specializes in seed funding for climate tech, said the latest close is nearly twice the size of its last fund, and brings its total assets under management to $180 million. Toronto’s Northleaf Capital Partners co-anchored Fund III, while Deloitte Ventures, Co-operators’ Corporate Venture Capital and others also participated. (The Logic)
Talking point: Active Impact is the latest investor to push ahead with plans to back climate-related tech despite a broader shift away from sustainable finance. Earlier this week, Montreal-based alternative asset manager Power Sustainable closed a US$330 million decarbonization effort, while ESG investors in general have said they remain committed to green energy financing in the face of curbs imposed by the Trump administration. Active Impact has already backed several companies through its third fund, including ThinkLabs AI, which offers electrical grid management tools, and Jetson, an e-mobility startup.