The Vancouver-based investment firm said the new fund, its second in less than four years, includes cheques from institutional investors such as the Fondaction pension fund, Vancity and the University of Victoria. (The Logic)

Talking point: Active Impact is targeting early-stage companies with $200,000 to $3 million in revenue that are focused on solving climate issues, but also have the potential to achieve scale and profitability. “Over the past couple of years, billions of dollars have flooded into the climate tech sector, but very little of that money is going into the seed stage,” Mike Winterfield, Active Impact’s managing partner, said in a release. The VC firm’s announcement comes as B.C. has minted a wave of homegrown unicorns amid the province’s maturing tech sector, and Canadian startups across the country have benefited from record levels of venture capital activity.