ArcTern Ventures

ArcTern Ventures, established in 2012, is a Canadian venture capital firm with offices in Toronto, San Francisco, and Oslo. The company invests in early-stage technology startups, focusing on sectors that drive sustainable change. These include clean energy, energy efficiency, circular economy, advanced manufacturing, mobility, food systems, and related technologies. ArcTern Ventures seeks to make a positive environmental and social impact through its investments, targeting companies that align with ESG and impact goals.

Kristin Aamodt

Partner

Fariborz Fallah

Venture Partner

Marc Faucher

Managing Partner

Mira Inbar

Partner

Murray McCaig

Co-Founder and Managing Partner

Ian Pinnington

Partner

Tom Rand

Co-Founder and Partner

Nikhil Shukla

Principal

Shannon Whitaker

Associate

56 past transactions

Hyperlume

Seed Round in 2025
Hyperlume Inc., based in Ottawa, Canada, specializes in developing advanced optical connectivity solutions. The company focuses on high-performance computing, artificial intelligence, and high-end processors, aiming to enhance data transfer speeds and enable scalable optical interconnects for edge computing platforms.

SRTX

Convertible Note in 2024
Sheerly Genius Inc. is a Canadian company specializing in the manufacture of pantyhose crafted from ballistic-grade fibers, similar to those used in bulletproof vests and climbing equipment. Founded in 2017 and headquartered in Port Carling, the company focuses on providing consumers with durable and stylish inner garments. Its innovative products are available for purchase through online retail channels, catering to a market that values both quality and resilience in apparel.

Woltair

Series B in 2024
Woltair operates a digital platform for heating and cooling services, streamlining processes from initial customer inquiries to post-installation support. Their platform facilitates sales, installation, and maintenance of heat pumps, boilers, solar panels, air conditioning units, and recuperation systems, allowing customers to monitor their orders throughout the entire lifecycle in one place.

King Energy

Seed Round in 2024
King Energy is an innovative energy company focused on delivering solar power solutions to multi-tenant commercial properties, including shopping centers, office buildings, and industrial complexes. The company addresses the challenges associated with solar energy deployment by renting unused roof space from property owners, while managing the financing, installation, and long-term operation of solar infrastructure. By leveraging advanced technology, King Energy efficiently implements and oversees solar programs, ensuring that local tenants benefit from clean energy at reduced rates. Through this model, King Energy not only promotes sustainability but also enhances the economic viability of commercial properties.

Liminal

Venture Round in 2024
Liminal, formerly known as Feasible, Inc., specializes in battery analytics through its innovative EchoStat platform, which utilizes ultrasound waves to assess the physical properties of batteries. By sending ultrasonic pulses through a battery and analyzing the resulting echoes, Liminal can detect differentials within individual cells, across multiple cells, and even between production lines. This technology allows for real-time insights into the electrical, thermal, and mechanical conditions of battery components, making it particularly valuable for industries such as automotive, residential storage, grid storage, and consumer electronics. Founded in 2015 and headquartered in Emeryville, California, Liminal is positioned to enhance battery performance and reliability through its advanced screening and analytics capabilities.

Parity

Series B in 2024
Parity is a software company focused on enhancing energy management in urban buildings to promote sustainability. Its platform automatically manages energy consumption and tracks savings, aiming to eliminate power wastage. By utilizing artificial intelligence, Parity's software controls existing heating, ventilation, and air conditioning systems, providing users with an intuitive dashboard and monthly savings reports. This enables real estate professionals to access detailed energy-saving analyses for condominiums and other multi-residential properties, ultimately contributing to a more sustainable urban living environment.

Soly

Series B in 2024
Soly is an international Clean Energy Tech company with a mission to make solar energy available to everyone. The company was founded in the summer of 2013 by brothers Patrick and Milan van der Meulen. The brothers were inspired at a young age by Al Gore’s documentary “An Inconvenient Truth” and have since decided to use their entrepreneurship ‘As a force for good’. The company is today one of the European market leaders in the field of decentralized energy generation and storage through solar panels, batteries and charging stations. Soly focuses on the residential and business markets and is active in the Netherlands, South Africa (2019), Belgium (2022), Germany (2023) and the United Kingdom (2023). By developing its proprietary software platform, Soly is one of the most capital-efficient energy providers, with only 140 employees across five countries. The Soly platform won a spot in the Deloitte Technology Fast50 in 2021. Soly is an impact driven company and since 2018 B Corp certified. B Corp is an international label for companies that strive for the highest standards of sustainability, financial transparency, and social justice.

Recurrent

Series A in 2024
Recurrent Motors, Inc. specializes in analyzing electric vehicle (EV) batteries and providing detailed reports that assist car dealers and private buyers in purchasing used electric cars. Founded in 2020 and based in Seattle, Washington, the company offers tools that assess battery health, life expectancy, and current maximum range of EVs, addressing the complexities involved in understanding these factors as vehicles age. By delivering non-invasive tests and leveraging a national database of vehicle data and history, Recurrent enables informed decision-making for both dealers and consumers. Additionally, the company provides personalized monthly battery analyses for EV owners, enhancing their understanding of their vehicles' performance over time.

Trove

Series E in 2023
Trove is a technology company based in Ann Arbor, Michigan, and Brisbane, California. It operates two distinct businesses: a SaaS platform that uses AI to analyze teams' email connections, providing insights to help build and leverage professional networks; and a leading platform for branded resale and trade-in, enabling brands to launch, manage, and scale their resale programs efficiently. The latter offers advanced tools for in-store and digital trade-ins, returns processing, inventory management, resale site building, and analytics, serving prominent brands like Canada Goose, Carhartt, and Patagonia. Trove's resale platform aims to drive sustainability in retail by promoting a circular economy.

ev.energy

Series B in 2023
Ev.energy is a London-based company founded in 2018 that specializes in smart charging software for electric vehicles. The company develops an energy intelligence platform designed to optimize the charging process, making it both environmentally friendly and cost-effective for utility providers and their customers. By wirelessly connecting to various electric vehicles and Level 2 chargers, Ev.energy intelligently manages the charging of these vehicles in accordance with utility and network signals. This approach not only helps to reduce carbon emissions but also engages customers through a mobile application that rewards them for their participation. Through its innovative solutions, Ev.energy aims to facilitate affordable and sustainable electric vehicle charging for drivers at home.

Winnow

Series C in 2023
Winnow Solutions Ltd. is a London-based company established in 2013 that specializes in reducing food waste for food service industries and restaurants. The company develops advanced artificial intelligence tools that enable chefs to measure and analyze food waste in their kitchens and from customers' plates. Winnow's technology includes a platform designed to automatically assess food waste through smart scales attached to bins, providing detailed data that helps improve kitchen production processes. By facilitating data-driven decisions, Winnow aims to empower chefs to decrease food waste significantly, enhancing both profitability and sustainability within the food service sector.

Woltair

Series A in 2023
Woltair operates a digital platform for heating and cooling services, streamlining processes from initial customer inquiries to post-installation support. Their platform facilitates sales, installation, and maintenance of heat pumps, boilers, solar panels, air conditioning units, and recuperation systems, allowing customers to monitor their orders throughout the entire lifecycle in one place.

Liminal

Series A in 2023
Liminal, formerly known as Feasible, Inc., specializes in battery analytics through its innovative EchoStat platform, which utilizes ultrasound waves to assess the physical properties of batteries. By sending ultrasonic pulses through a battery and analyzing the resulting echoes, Liminal can detect differentials within individual cells, across multiple cells, and even between production lines. This technology allows for real-time insights into the electrical, thermal, and mechanical conditions of battery components, making it particularly valuable for industries such as automotive, residential storage, grid storage, and consumer electronics. Founded in 2015 and headquartered in Emeryville, California, Liminal is positioned to enhance battery performance and reliability through its advanced screening and analytics capabilities.

Scythe

Series B in 2023
Scythe Robotics, Inc. is a company based in Longmont, Colorado, that specializes in the development of autonomous robots. Established in 2017, Scythe focuses on creating highly intelligent machines designed to operate in unstructured outdoor environments. Their robots are emission-free and utilize electric motors, which allows them to effectively handle tasks such as mowing without damaging sensitive turf. This technology enables clients to work efficiently while minimizing their environmental impact.

Xeal

Series B in 2022
Xeal is a developer of electric vehicle charging solutions tailored for apartments, condos, and workplaces. The company specializes in providing a comprehensive suite of services that includes the installation of charging stations and a cloud-based management system. Its mobile application enhances user experience by allowing individuals to locate, track, and reserve charging points remotely. This not only facilitates convenient access for electric vehicle owners but also enables property owners to generate passive income while contributing to reduced carbon emissions. Through its innovative approach, Xeal aims to make EV charging more accessible and efficient.

Woltair

Series A in 2022
Woltair operates a digital platform for heating and cooling services, streamlining processes from initial customer inquiries to post-installation support. Their platform facilitates sales, installation, and maintenance of heat pumps, boilers, solar panels, air conditioning units, and recuperation systems, allowing customers to monitor their orders throughout the entire lifecycle in one place.

Emitwise

Series A in 2022
Emitwise Ltd is a London-based company that specializes in developing software solutions for carbon footprint measurement and management. Established in 2019, Emitwise offers a platform that utilizes advanced AI technology to enable businesses to automatically track, report, and reduce their carbon emissions across operations and supply chains. The solution provides real-time insights and tools designed to help organizations implement effective strategies to meet sustainability targets and respond to the climate emergency. By streamlining carbon accounting and offering actionable data, Emitwise aims to facilitate the transition to a net-zero carbon world, equipping companies with the necessary resources to drive meaningful emissions reductions.

Flashfood

Series A in 2022
Flashfood Inc. is a Toronto-based company founded in 2016 that operates a platform aimed at reducing food waste by facilitating the sale of surplus food from grocery stores at discounted prices. The app connects food retailers in North America with consumers seeking affordable grocery options, allowing users to find, purchase, and pick up high-quality food items that are near their expiration date or otherwise surplus. As a certified B-corp, Flashfood's mission emphasizes feeding families rather than contributing to landfills, having successfully redirected over 150 million pounds of food from waste streams while saving consumers significant amounts of money.

ev.energy

Series A in 2022
Ev.energy is a London-based company founded in 2018 that specializes in smart charging software for electric vehicles. The company develops an energy intelligence platform designed to optimize the charging process, making it both environmentally friendly and cost-effective for utility providers and their customers. By wirelessly connecting to various electric vehicles and Level 2 chargers, Ev.energy intelligently manages the charging of these vehicles in accordance with utility and network signals. This approach not only helps to reduce carbon emissions but also engages customers through a mobile application that rewards them for their participation. Through its innovative solutions, Ev.energy aims to facilitate affordable and sustainable electric vehicle charging for drivers at home.

Aquabyte

Venture Round in 2022
Aquabyte, Inc. is a technology company that specializes in developing innovative monitoring systems for the aquaculture industry. Founded in 2017 and based in San Francisco, California, with an additional office in Bergen, Norway, Aquabyte leverages computer vision and machine learning to enhance fish farming practices. Its smart camera system enables functionalities such as real-time sea lice counting, biomass estimation, appetite detection, and feed optimization. By providing a web dashboard for continuous monitoring, Aquabyte aims to improve the efficiency, sustainability, and profitability of fish farms. The company's solutions are designed to reduce operational costs and minimize fish mortality while also addressing the environmental impact of aquaculture. With a diverse team of experts in machine learning, entrepreneurship, and aquaculture biology, Aquabyte is committed to delivering practical and effective solutions for the industry.

reThought Insurance

Series B in 2022
reThought Insurance Corporation is a managing general agency based in Broomfield, Colorado, specializing in commercial flood insurance. Founded in 2017, the company utilizes proprietary underwriting methodologies and advanced risk assessment technology to effectively visualize, assess, underwrite, and price flood-related insurance for commercial enterprises. By forming strategic partnerships with insurers, reinsurers, and other capacity providers, reThought Insurance aims to provide critical insurance services in a cost-effective manner, addressing the unique risks associated with flooding in commercial properties.

Carbon America

Series A in 2021
Carbon America is a developer specializing in carbon capture and sequestration (CCS) technologies. It aims to lower costs and accelerate CCS deployment by employing a vertically integrated, multi-strategy approach. The company combines expertise from engineering, development, and finance to capture and store carbon dioxide more efficiently than competitors, targeting billions of metric tons annually from industrial sources. Its primary goal is to facilitate significant reductions in greenhouse gas emissions and combat global warming.

Zoomo

Series B in 2021
Zoomo is a company specializing in electric bikes aimed at enhancing the efficiency of gig workers in the food delivery industry. It offers a diverse range of light electric vehicles, including e-Bikes, e-Mopeds, and e-Cargo options. Zoomo's bikes are equipped with features such as electronic locks, GPS tracking, built-in alarm systems, integrated lights, fast charging capabilities, rear racks, and suspension systems. These attributes make them suitable for various delivery applications, including parcel, mail, and grocery deliveries. The company is focused on expanding its offerings to cater to individual consumers, promoting accessible and sustainable micro-mobility solutions for the on-demand delivery sector.

Xeal

Series A in 2021
Xeal is a developer of electric vehicle charging solutions tailored for apartments, condos, and workplaces. The company specializes in providing a comprehensive suite of services that includes the installation of charging stations and a cloud-based management system. Its mobile application enhances user experience by allowing individuals to locate, track, and reserve charging points remotely. This not only facilitates convenient access for electric vehicle owners but also enables property owners to generate passive income while contributing to reduced carbon emissions. Through its innovative approach, Xeal aims to make EV charging more accessible and efficient.

reThought Insurance

Series A in 2021
reThought Insurance Corporation is a managing general agency based in Broomfield, Colorado, specializing in commercial flood insurance. Founded in 2017, the company utilizes proprietary underwriting methodologies and advanced risk assessment technology to effectively visualize, assess, underwrite, and price flood-related insurance for commercial enterprises. By forming strategic partnerships with insurers, reinsurers, and other capacity providers, reThought Insurance aims to provide critical insurance services in a cost-effective manner, addressing the unique risks associated with flooding in commercial properties.

Mighty Buildings

Series B in 2021
Mighty Buildings, Inc. is a San Francisco-based company founded in 2017 that specializes in the manufacture of 3D printed custom homes. Utilizing advanced construction technology, the company employs 3D printing, robotics, and automation to create modular homes that aim to disrupt the residential housing market. Mighty Buildings has developed a proprietary building material known as Light Stone Material (LSM), which mimics synthetic stone and provides advantages such as faster construction, zero waste, and improved thermal regulation compared to traditional materials like concrete, wood, or steel. The company's innovative approach focuses on producing prefabricated, environmentally friendly, and climate-resilient homes, thereby facilitating smart urban development and making housing more affordable.

Clir Renewables

Series B in 2021
Clir Renewables Inc. is a company that specializes in cloud-based renewable energy asset management and reporting software. Founded in 2016 and headquartered in Vancouver, Canada, with an additional office in Glasgow, United Kingdom, Clir's software-as-a-service platform is designed to assist asset managers and owners in optimizing the performance and profitability of renewable energy plants. By integrating deep domain expertise with artificial intelligence, Clir’s platform enhances annual energy production, monitors asset health, and effectively manages financial and technical risks associated with renewable energy assets.

Emitwise

Seed Round in 2021
Emitwise Ltd is a London-based company that specializes in developing software solutions for carbon footprint measurement and management. Established in 2019, Emitwise offers a platform that utilizes advanced AI technology to enable businesses to automatically track, report, and reduce their carbon emissions across operations and supply chains. The solution provides real-time insights and tools designed to help organizations implement effective strategies to meet sustainability targets and respond to the climate emergency. By streamlining carbon accounting and offering actionable data, Emitwise aims to facilitate the transition to a net-zero carbon world, equipping companies with the necessary resources to drive meaningful emissions reductions.

Mosa Meat

Series B in 2020
Mosa Meat B.V. is a food technology company based in Maastricht, the Netherlands, founded in 2013. The company specializes in the mass production of cultured meat by employing tissue engineering techniques. It harvests adult stem cells from the muscle tissue of living cows without harming the animals, allowing for the production of real meat, including hamburgers, with significantly reduced environmental impact. By cultivating meat from cells rather than raising and slaughtering livestock, Mosa Meat aims to promote a more sustainable global food system, addressing issues related to emissions, land and water use, and animal welfare.

SRTX

Series B in 2020
Sheerly Genius Inc. is a Canadian company specializing in the manufacture of pantyhose crafted from ballistic-grade fibers, similar to those used in bulletproof vests and climbing equipment. Founded in 2017 and headquartered in Port Carling, the company focuses on providing consumers with durable and stylish inner garments. Its innovative products are available for purchase through online retail channels, catering to a market that values both quality and resilience in apparel.

ThinkIQ

Series A in 2020
ThinkIQ Inc. is a cloud-based software company founded in 2015 and headquartered in Aliso Viejo, California. The company specializes in supply chain management solutions that integrate disparate data sources to provide comprehensive visibility into manufacturing operations. Its platform combines advanced technologies such as Internet of Things, big data management, and machine learning to create a contextualized view of material flows and provenance data. This enables manufacturers to track material movements, identify inefficiencies, and correlate events over time, ultimately leading to substantial cost savings and improved customer engagement. By facilitating seamless data sharing across enterprises, ThinkIQ empowers clients to enhance their operations and address quality and safety issues effectively.

Aquabyte

Venture Round in 2020
Aquabyte, Inc. is a technology company that specializes in developing innovative monitoring systems for the aquaculture industry. Founded in 2017 and based in San Francisco, California, with an additional office in Bergen, Norway, Aquabyte leverages computer vision and machine learning to enhance fish farming practices. Its smart camera system enables functionalities such as real-time sea lice counting, biomass estimation, appetite detection, and feed optimization. By providing a web dashboard for continuous monitoring, Aquabyte aims to improve the efficiency, sustainability, and profitability of fish farms. The company's solutions are designed to reduce operational costs and minimize fish mortality while also addressing the environmental impact of aquaculture. With a diverse team of experts in machine learning, entrepreneurship, and aquaculture biology, Aquabyte is committed to delivering practical and effective solutions for the industry.

Palmetto Clean Technology

Series B in 2020
Palmetto is a clean technology company that specializes in building and operating solar energy projects for residential, commercial, and utility customers. Founded in 2009 and headquartered in Charleston, South Carolina, Palmetto designs and installs solar systems while providing a range of services, including customer support, financing, engineering, permitting, and installation. The company offers innovative software solutions such as Palmetto Home, which enables homeowners to monitor real-time energy consumption and solar production, and Palmetto Fleet, which provides energy monitoring insights for home management professionals. Additionally, Palmetto's Alchemy platform enhances the sales experience for solar professionals by streamlining the sales, design, and proposal processes. With additional offices in locations such as San Francisco, Sea Girt, Charlotte, Washington, and Greenville, Palmetto is committed to advancing clean energy technology and improving energy efficiency.

Span

Series A in 2020
Span.IO is a company focused on advancing the adoption of renewable energy through innovative technology solutions for residential energy management. The firm develops a smart electrical panel that replaces traditional panels, allowing homeowners to monitor and control their energy usage seamlessly via a dedicated application. This device not only facilitates the efficient use of renewable electricity but also supports electric vehicle charging, enhancing the overall consumer experience. Span.IO's team comprises engineers with expertise in power generation, energy conversion, controls, and system integration, who are committed to creating products that positively impact the environment while providing users with greater visibility and control over their energy consumption.

Kebotix

Series A in 2020
Kebotix, Inc. is a company focused on revolutionizing the materials discovery and production industry through the integration of artificial intelligence, machine learning, and robotic automation. Founded in 2017 and headquartered in Cambridge, Massachusetts, Kebotix has developed a platform that significantly accelerates the research and development process, condensing it from years into mere months. This innovative approach enables scientists and researchers to discover new chemicals and materials, enhancing public health and sustainability while promoting green chemistry solutions that reduce hazardous substance production. The company provides its partners with access to advanced digital research and development tools, facilitating materials innovation and the creation of formulations tailored to specific desired properties.

Terramera

Series B in 2020
Terramera, founded in 2009 and based in Vancouver, Canada, specializes in developing and manufacturing plant-based pesticides and fertilizers as alternatives to conventional chemical products. The company offers solutions such as Proof for bed bug and dust mite control, Actigate as an organic pesticide, and Rango for pest control and crop protection. Terramera's technology platforms integrate artificial intelligence, science, and nature to promote sustainable farming practices, aiming to create a healthy and safe environment free from toxic chemicals. This approach supports farmers in achieving improved yields and profits through organic and sustainable methods.

Clir Renewables

Series A in 2019
Clir Renewables Inc. is a company that specializes in cloud-based renewable energy asset management and reporting software. Founded in 2016 and headquartered in Vancouver, Canada, with an additional office in Glasgow, United Kingdom, Clir's software-as-a-service platform is designed to assist asset managers and owners in optimizing the performance and profitability of renewable energy plants. By integrating deep domain expertise with artificial intelligence, Clir’s platform enhances annual energy production, monitors asset health, and effectively manages financial and technical risks associated with renewable energy assets.

Hydrostor

Venture Round in 2019
Hydrostor Inc. is a Canadian company based in Toronto that specializes in developing and operating advanced compressed air energy storage systems. Founded in 2010, the company provides solutions designed to meet the electricity system's needs for dispatchable capacity, renewable integration, and transmission deferral. Its technology enables low-cost, long-duration energy storage, which can support hundreds of megawatts for periods ranging from 4 to over 24 hours. Hydrostor's emission-free systems are particularly suitable for use in remote applications, including mines and large industrial operations, and can repurpose retired fossil fuel plants and utilize existing mining infrastructure. The company serves clients across the United States, Australia, and Canada and has established a strategic partnership with AECOM to enhance its offerings.

SRTX

Series A in 2019
Sheerly Genius Inc. is a Canadian company specializing in the manufacture of pantyhose crafted from ballistic-grade fibers, similar to those used in bulletproof vests and climbing equipment. Founded in 2017 and headquartered in Port Carling, the company focuses on providing consumers with durable and stylish inner garments. Its innovative products are available for purchase through online retail channels, catering to a market that values both quality and resilience in apparel.

Parity

Series A in 2019
Parity is a software company focused on enhancing energy management in urban buildings to promote sustainability. Its platform automatically manages energy consumption and tracks savings, aiming to eliminate power wastage. By utilizing artificial intelligence, Parity's software controls existing heating, ventilation, and air conditioning systems, providing users with an intuitive dashboard and monthly savings reports. This enables real estate professionals to access detailed energy-saving analyses for condominiums and other multi-residential properties, ultimately contributing to a more sustainable urban living environment.

Kebotix

Seed Round in 2018
Kebotix, Inc. is a company focused on revolutionizing the materials discovery and production industry through the integration of artificial intelligence, machine learning, and robotic automation. Founded in 2017 and headquartered in Cambridge, Massachusetts, Kebotix has developed a platform that significantly accelerates the research and development process, condensing it from years into mere months. This innovative approach enables scientists and researchers to discover new chemicals and materials, enhancing public health and sustainability while promoting green chemistry solutions that reduce hazardous substance production. The company provides its partners with access to advanced digital research and development tools, facilitating materials innovation and the creation of formulations tailored to specific desired properties.

GreenMantra Technologies

Venture Round in 2018
GreenMantra Technologies Ltd. is a Canadian company based in Brantford that specializes in the manufacturing and marketing of synthetic waxes, polymer additives, and other chemicals derived from recycled plastics. Founded in 2010, the company utilizes a proprietary thermo-catalytic system that employs catalytic depolymerization technology to convert waste plastics, including challenging materials like grocery bags and films, into high-value waxes and specialty chemicals. These products find diverse applications across various industries, including coatings, plastic processing, adhesives, roofing, and paving. By focusing on the up-cycling of hard-to-recycle plastics, GreenMantra aims to contribute to sustainable manufacturing practices and promote the use of recyclable materials in industrial processes.

Aquabyte

Seed Round in 2018
Aquabyte, Inc. is a technology company that specializes in developing innovative monitoring systems for the aquaculture industry. Founded in 2017 and based in San Francisco, California, with an additional office in Bergen, Norway, Aquabyte leverages computer vision and machine learning to enhance fish farming practices. Its smart camera system enables functionalities such as real-time sea lice counting, biomass estimation, appetite detection, and feed optimization. By providing a web dashboard for continuous monitoring, Aquabyte aims to improve the efficiency, sustainability, and profitability of fish farms. The company's solutions are designed to reduce operational costs and minimize fish mortality while also addressing the environmental impact of aquaculture. With a diverse team of experts in machine learning, entrepreneurship, and aquaculture biology, Aquabyte is committed to delivering practical and effective solutions for the industry.

Hydrostor

Series B in 2016
Hydrostor Inc. is a Canadian company based in Toronto that specializes in developing and operating advanced compressed air energy storage systems. Founded in 2010, the company provides solutions designed to meet the electricity system's needs for dispatchable capacity, renewable integration, and transmission deferral. Its technology enables low-cost, long-duration energy storage, which can support hundreds of megawatts for periods ranging from 4 to over 24 hours. Hydrostor's emission-free systems are particularly suitable for use in remote applications, including mines and large industrial operations, and can repurpose retired fossil fuel plants and utilize existing mining infrastructure. The company serves clients across the United States, Australia, and Canada and has established a strategic partnership with AECOM to enhance its offerings.

Morgan Solar

Series C in 2016
Morgan Solar Inc. is a company established in 2007 with a focus on developing efficient and cost-effective solar technology. Founded by John Paul Morgan, a Physics Engineer with expertise in optics and photovoltaics, the company aims to address longstanding challenges in solar energy. Its flagship product, the Sun Simba HCPV, is tailored for solar farm applications and was introduced following initial testing and demonstrations beginning in 2009. In addition to this, Morgan Solar offers innovations such as the Sun Stream Window and the Sun Block Panel, which cater to building applications. The company utilizes advanced sunlight management systems, including ray tracing software that models various factors affecting urban environments, such as daylight, glare, and energy generation potential. This technology is supported by IoT sensors and a data analytics portal, enabling clients to customize their energy solutions effectively.

GreenMantra Technologies

Series C in 2016
GreenMantra Technologies Ltd. is a Canadian company based in Brantford that specializes in the manufacturing and marketing of synthetic waxes, polymer additives, and other chemicals derived from recycled plastics. Founded in 2010, the company utilizes a proprietary thermo-catalytic system that employs catalytic depolymerization technology to convert waste plastics, including challenging materials like grocery bags and films, into high-value waxes and specialty chemicals. These products find diverse applications across various industries, including coatings, plastic processing, adhesives, roofing, and paving. By focusing on the up-cycling of hard-to-recycle plastics, GreenMantra aims to contribute to sustainable manufacturing practices and promote the use of recyclable materials in industrial processes.

Circuit Meter

Debt Financing in 2016
Circuit Meter specializes in advanced electrical energy submetering systems that focus on enhancing energy efficiency for large organizations and portfolio managers. The company has developed innovative hardware integrated with cloud-based CircuitMonitoring™ software, which provides real-time analytics on circuit-level energy usage. This system allows users to identify inefficiencies and unnecessary equipment operation, enabling better management of energy consumption and cost reduction. Additionally, Circuit Meter's software includes real-time notifications to alert staff when energy usage exceeds established benchmarks or when power drops, facilitating timely maintenance and operational efficiency. By combining cutting-edge technology with effective energy management practices, Circuit Meter aims to support commercial buildings and industrial facilities in achieving significant energy savings.

MMB Networks

Series B in 2016
MMB Networks Inc. is an engineering firm specializing in hardware solutions and software tools for home automation and smart energy applications. Founded in 2008 and headquartered in Toronto, Canada, the company offers a range of products, including its RapidConnect embedded software platform, which facilitates connectivity across various markets, such as telecommunications, security, retail, and utilities. MMB Networks provides RapidConnect modules for automated ZigBee connectivity, USB sticks, and development boards that enable developers to integrate ZigBee modules into their devices. Additionally, the company offers desktop software solutions for simulating smart energy and home automation networks, as well as customized hardware design and contract development services. MMB Networks also supports its clients with software maintenance and troubleshooting services, ensuring effective communication and interoperability of smart energy technologies. Its mission is to accelerate the adoption of smart energy solutions, enabling clients to bring connected devices to market more efficiently.

GreenMantra Technologies

Venture Round in 2014
GreenMantra Technologies Ltd. is a Canadian company based in Brantford that specializes in the manufacturing and marketing of synthetic waxes, polymer additives, and other chemicals derived from recycled plastics. Founded in 2010, the company utilizes a proprietary thermo-catalytic system that employs catalytic depolymerization technology to convert waste plastics, including challenging materials like grocery bags and films, into high-value waxes and specialty chemicals. These products find diverse applications across various industries, including coatings, plastic processing, adhesives, roofing, and paving. By focusing on the up-cycling of hard-to-recycle plastics, GreenMantra aims to contribute to sustainable manufacturing practices and promote the use of recyclable materials in industrial processes.

Sparq Systems

Venture Round in 2014
SPARQ Systems Inc. is a Canadian company specializing in the development of advanced photovoltaic (PV) microinverter solutions. Founded in 2009 and headquartered in Kingston, Canada, SPARQ has established itself as a leader in the solar industry by designing innovative microinverter technology that enhances energy efficiency and reduces costs. Its flagship product, the Q1000 four-port microinverter, is complemented by SparqLinq, a wireless gateway that facilitates communication between devices, and SparqVu, a fleet management solution that provides performance data. This technology leverages a unique power electronics topology to maximize energy harvesting from solar modules, ensuring compatibility with both traditional power distribution networks and future smart grid systems. SPARQ has cultivated strategic partnerships across the solar industry, including with end users, installers, and manufacturers, demonstrating its commitment to advancing solar energy solutions. The company's leadership is guided by Dr. Praveen Jain, whose extensive experience in technology and engineering bolsters SPARQ's innovative initiatives.

Smart Energy Instruments

Series A in 2014
Smart Energy Instruments Inc. specializes in measurement technologies that enhance the monitoring, protection, and control of electrical grid distribution networks and various industrial Internet of Things (IoT) infrastructures. The company offers a range of chipsets, including the SGS1010D multicore DSP/CPU processor and the SGS1010A, which features independent delta-sigma modulators to achieve 24-bit resolution. Additionally, Smart Energy Instruments provides a software development kit for these chipsets, facilitating firmware development, configuration, and debugging for Intelligent Electronic Device applications. Their reference platforms support multiple applications such as power quality monitoring, protection relaying, and distribution automation controls. The company's innovative solutions cater to smart cities, industrial IoT, and smart grid initiatives. Established in 2004, Smart Energy Instruments is headquartered in Oakville, Canada, with a secondary office in Los Altos, California.

Polar Sapphire

Seed Round in 2013
Polar Sapphire Ltd. is a Toronto-based company that specializes in the manufacture and sale of high-purity aluminum oxide powder, also known as alumina. The company produces alumina in various purity levels, ranging from 3N to 6N, and offers it in multiple particle size distributions tailored for diverse applications. Polar Sapphire's alumina serves as feedstock for the production of sapphire ingots, which are essential for making substrates in the LED lighting industry. Additionally, the company's high-purity alumina is utilized in high-performance engineered ceramics, polishing applications, and abrasion-resistant coatings. With a proprietary production method, Polar Sapphire aims to provide low-cost, high-quality alumina to meet the growing demands of its market.

Sparq Systems

Seed Round in 2013
SPARQ Systems Inc. is a Canadian company specializing in the development of advanced photovoltaic (PV) microinverter solutions. Founded in 2009 and headquartered in Kingston, Canada, SPARQ has established itself as a leader in the solar industry by designing innovative microinverter technology that enhances energy efficiency and reduces costs. Its flagship product, the Q1000 four-port microinverter, is complemented by SparqLinq, a wireless gateway that facilitates communication between devices, and SparqVu, a fleet management solution that provides performance data. This technology leverages a unique power electronics topology to maximize energy harvesting from solar modules, ensuring compatibility with both traditional power distribution networks and future smart grid systems. SPARQ has cultivated strategic partnerships across the solar industry, including with end users, installers, and manufacturers, demonstrating its commitment to advancing solar energy solutions. The company's leadership is guided by Dr. Praveen Jain, whose extensive experience in technology and engineering bolsters SPARQ's innovative initiatives.

Hydrostor

Venture Round in 2013
Hydrostor Inc. is a Canadian company based in Toronto that specializes in developing and operating advanced compressed air energy storage systems. Founded in 2010, the company provides solutions designed to meet the electricity system's needs for dispatchable capacity, renewable integration, and transmission deferral. Its technology enables low-cost, long-duration energy storage, which can support hundreds of megawatts for periods ranging from 4 to over 24 hours. Hydrostor's emission-free systems are particularly suitable for use in remote applications, including mines and large industrial operations, and can repurpose retired fossil fuel plants and utilize existing mining infrastructure. The company serves clients across the United States, Australia, and Canada and has established a strategic partnership with AECOM to enhance its offerings.

Smart Energy Instruments

Venture Round in 2012
Smart Energy Instruments Inc. specializes in measurement technologies that enhance the monitoring, protection, and control of electrical grid distribution networks and various industrial Internet of Things (IoT) infrastructures. The company offers a range of chipsets, including the SGS1010D multicore DSP/CPU processor and the SGS1010A, which features independent delta-sigma modulators to achieve 24-bit resolution. Additionally, Smart Energy Instruments provides a software development kit for these chipsets, facilitating firmware development, configuration, and debugging for Intelligent Electronic Device applications. Their reference platforms support multiple applications such as power quality monitoring, protection relaying, and distribution automation controls. The company's innovative solutions cater to smart cities, industrial IoT, and smart grid initiatives. Established in 2004, Smart Energy Instruments is headquartered in Oakville, Canada, with a secondary office in Los Altos, California.

Smarter Alloys

Pre Seed Round in 2010
Smarter Alloys is a Canadian company based in Toronto, established in 2009, that specializes in the development and manufacturing of shape memory alloys utilizing multiple memory material technologies. The company's innovative products are designed for various applications across several industries, including orthodontics, automotive, oil and gas, and medical devices. Smarter Alloys offers advanced solutions such as functionally graded orthodontic archwires, which are engineered to provide biomechanically optimized stress to enhance dental treatments. The company focuses on enabling improved performance and reduced complexity in devices by programming shape memory behavior, positioning itself at the forefront of the smart materials revolution.
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