ArcTern Ventures
VC Fund
Toronto, Canada
ArcTern Ventures is a venture capital fund that provides early-stage capital to cleantech companies.The privately-backed venture capital fund 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 thelargest innovation centers in the world.
- Total investments:
- 65
- Last investment:
- Lead investor:
- 32%
- Fund size:
- $335M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries ArcTern Ventures invests in
Stages ArcTern Ventures invests in
Countries ArcTern Ventures invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
| See all 7 contacts → | |||
Round size
- Seed
- $2.8M–$13M
- Series A
- $4M–$22M
- Series B
- $5M–$53M
Investment Focus
Industry
- Energy 11 (17%)
- Software 9 (14%)
- Renewable Energy 9 (14%)
- Solar 6 (9%)
- CleanTech 6 (9%)
Stage
- Series B 21 (32%)
- Series A 16 (25%)
- Seed 7 (11%)
- Funding Round 5 (8%)
- Venture - Series Unknown 5 (8%)
Country
- Canada 17 (26%)
- United States 16 (25%)
- United Kingdom 3 (5%)
- The Netherlands 2 (3%)
- Mexico 1 (2%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Ilse Treurnicht
Investment Team
|
Investment Team | Total investments: 0 | Find email | |
Kristin Aamodt
Investment Director
|
Investment Director | Total investments: 0 | Find email | |
Kristin Aamodt
Investment Director
|
Investment Director | Total investments: 3 | Find email | |
Marc Faucher
Managing Partner
|
Managing Partner | Total investments: 3 | Find email | |
Mira Inbar
Associate Partner
|
Associate Partner | Total investments: 7 | Find email | |
| See all 7 team members → | ||||
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| Normal is rethinking semiconductors from the ground up.Normal EDA - Normal deploys AI software to accelerate complex hardware engineering with zero defects – all in one unified EDA platform.Normal ASICs - With the help of Normal EDA, and our closest semiconductor partners, we are building thermodynamic computing hardware that could reduce AIenergy consumption by 1000x.Normal helps enterprises deploy AI into their highest-stakes applications, where AI can reason reliably, autonomously understand its own limits. Normal’s AI application development platform is powered by a novel full-stack probabilistic machine learning infrastructure driven by thermodynamic physics. | $50M / Series B / Mar 25, 2026 | ||
| Muon Space is an end-to-end space systems company that designs, builds, and operates mission-optimized satellite constellations to deliver critical data and enable real-time compute and decision-making in space. Its proprietary technology stack, Halo™, integrates advanced spacecraft platforms, robust payload integration and management, and apowerful software-defined orchestration layer to enable high-performance capabilities at unprecedented speed – from concept to orbit. With state-of-the-art production facilities in Silicon Valley and a growing track record of commercial and national security customers, Muon Space is redefining how critical Earth intelligence is delivered from space. | $44.5M / Series B / Jun 12, 2025 | ||
| Hyperlume Inc., an avant-garde deep-tech venture based in Ottawa, Canada, is pioneering a groundbreaking ultra-low optical connectivity solution tailored for the realms of high-performance computing (HPC), artificial intelligence (AI), and cutting-edge processors destined for the forefront of edge computing platforms. | $12.5M / Seed / Feb 19, 2025 | ||
Harbinger
|
Founded by veterans of Canoo and Faraday Future, Harbinger is an automotive company that develops EV platforms optimized for medium-duty trucks and delivery vans. | $100M / Series B / Jan 14, 2025 | |
| SRTX is a textile manufacturer that develops and sells unbreakable stockings. The company's pantyhose is made with the same type of fiber found in bulletproof vests and climbing equipment, enabling women to find and purchase premium and stylish inner garments. | $25M / Convertible Note / Dec 03, 2024 | ||
| Digitisation of the heating installation process - from lead generation, through sales and installation, to after-sales support. | Series B / Nov 14, 2024 | ||
| King Energy is a next-generation energy company bringing solar power to multi-tenant commercial properties. King Energy solves this complexity by paying property owners to rent their open roof space and then handling the financing, installation, and long-term management of solar infrastructure. King then provides the clean energy generated to localtenants at a discount. | $10M / Seed / Oct 16, 2024 | ||
| Liminal operates as a battery manufacturing intelligence provider that utilizes data and analytics. Its mission is to make electric vehicles the default option for any driver. The company was founded in 2015 and is headquartered in Emeryville, California. | $10M / Venture - Series Unknown / Oct 15, 2024 | ||
| Cyclic Materials recovers rare earth elements and other critical metals from end-of-life products and reintegrates them into supply chains for use in electric vehicles, renewable energy systems, electronics, and advanced manufacturing. It uses proprietary processes such as MagCycle and REEPure to extract and refine materials from waste sources likemotors, wind turbines, hard drives, and medical devices, then produces recycled mixed rare earth oxides and base metals for industrial use. The company offers recycling services and material supply solutions to magnet manufacturers and other industrial buyers, supporting circular sourcing and reducing dependence on traditional mining. Cyclic Materials also provides traceability of recycled materials through digital product passports and partners with industry players to advance material circularity. | $52.7M / Series B / Sep 25, 2024 | ||
| Parity is a software for buildings that automatically manages their energy and tracks their savings. | $19M / Series B / Jun 11, 2024 | ||
| See all 65 investments → | |||
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FAQ
What does ArcTern Ventures invest in?
ArcTern Ventures invests primarily in Energy, Software and Renewable Energy startups, most often at Series B and Series A stage. Most of the 65 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What is ArcTern Ventures's check size?
ArcTern Ventures typically joins rounds of $2.8M–$13M at Seed, $4M–$22M at Series A and $5M–$53M at Series B. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds ArcTern Ventures participates in.
How do I contact ArcTern Ventures?
Public channels for ArcTern Ventures include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at ArcTern Ventures?
The team at ArcTern Ventures includes Ilse Treurnicht (Investment Team), Kristin Aamodt (Investment Director) and Kristin Aamodt (Investment Director), among 7 team members tracked by Shizune. The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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