Briefing

ArcTern Ventures announces $165 million for cleantech fund, eyes $200-million goal

The Toronto-based venture capital firm was set up in 2012 by Murray McCaig, a former cleantech and private equity executive, and software entrepreneur Tom Rand. Investors in the fund so far include TD Bank, Suncor, BDC Capital, OMERS and Equinor. The new capital pool is the largest cleantech venture fund in Canada, according to ArcTern’s release; it was originally seeking to raise $150 million. (The Logic)

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