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.

Fariborz Fallah

Venture Partner

Marc Faucher

Managing Partner

Mira Inbar

Associate 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 focused on the heating and air conditioning sectors, streamlining the entire installation and service process. The platform digitizes various stages, including lead generation, sales, installation, and after-sales support. It offers a comprehensive range of services related to heating and cooling systems, such as heat pumps, gas boilers, electric boilers, solar panels, and air conditioning units. Customers can track their orders from the initial inquiry through the offer creation, material preparation, installation, and ongoing maintenance, all within a single platform. This approach enhances efficiency and simplifies the customer experience in managing heating and air conditioning solutions.

King Energy

Seed Round in 2024
King Energy is an innovative energy company focused on delivering solar power 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 rooftop space from property owners and managing the entire process, including financing, installation, and long-term maintenance of solar infrastructure. By leveraging technology, King Energy ensures efficient management of solar programs, allowing property owners to monetize their unused roof space while providing local tenants with clean energy at a discounted rate. This approach promotes sustainability and helps businesses reduce their energy costs.

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 smart charging software platform for electric vehicles, founded in 2018. The company specializes in energy intelligence software that connects wirelessly to various electric vehicles and Level 2 chargers. It intelligently manages the charging process in alignment with utility and network signals, aiming to make charging both cleaner and more affordable for users. Through a mobile application, Ev.energy engages customers and offers rewards, enabling them to charge their electric vehicles at home while effectively reducing both costs and carbon emissions.

Winnow

Series C in 2023
Winnow Solutions Ltd., established in 2013 and based in London, UK, specializes in reducing food waste for the food service industry. It offers AI-driven tools that measure and analyze waste from kitchens and customer plates, helping restaurants and chefs optimize production processes, cut waste by half, and enhance sustainability.

Woltair

Series A in 2023
Woltair operates a digital platform focused on the heating and air conditioning sectors, streamlining the entire installation and service process. The platform digitizes various stages, including lead generation, sales, installation, and after-sales support. It offers a comprehensive range of services related to heating and cooling systems, such as heat pumps, gas boilers, electric boilers, solar panels, and air conditioning units. Customers can track their orders from the initial inquiry through the offer creation, material preparation, installation, and ongoing maintenance, all within a single platform. This approach enhances efficiency and simplifies the customer experience in managing heating and air conditioning solutions.

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 specializes in electric vehicle (EV) charging solutions tailored for apartments, condominiums, and workplaces. The company provides an integrated system that encompasses installation, cloud-based management, and a user-friendly mobile application. This application enables users to locate, track, and reserve charging stations, facilitating convenient access to charging services. Additionally, Xeal's solutions offer property owners the opportunity to generate passive income while contributing to reduced carbon emissions. By enhancing the accessibility of charging infrastructure, Xeal aims to support the growing demand for electric vehicles.

Woltair

Series A in 2022
Woltair operates a digital platform focused on the heating and air conditioning sectors, streamlining the entire installation and service process. The platform digitizes various stages, including lead generation, sales, installation, and after-sales support. It offers a comprehensive range of services related to heating and cooling systems, such as heat pumps, gas boilers, electric boilers, solar panels, and air conditioning units. Customers can track their orders from the initial inquiry through the offer creation, material preparation, installation, and ongoing maintenance, all within a single platform. This approach enhances efficiency and simplifies the customer experience in managing heating and air conditioning solutions.

Emitwise

Series A in 2022
Emitwise Ltd is a London-based company that develops software solutions for carbon footprint management. Founded in 2019, Emitwise offers a unique platform that leverages artificial intelligence to enable businesses to automatically measure, report, and reduce their carbon emissions across operations and supply chains. The company's technology facilitates real-time tracking of carbon footprints, allowing organizations to implement cost-effective strategies that align with sustainability targets. Emitwise aims to empower companies to respond to the climate emergency and transition towards a net-zero carbon future by providing the necessary tools to drive emissions reductions effectively. The company has gained the trust of global businesses and is supported by prominent investors from Silicon Valley.

Flashfood

Series A in 2022
Flashfood Inc. is a Canadian company based in Toronto that operates a mobile app aimed at reducing food waste by connecting grocery stores with consumers seeking discounted, near-expiry surplus food. Founded in 2016, the platform allows grocery retailers in North America to sell high-quality food that might otherwise go to waste, enabling consumers to purchase these items at significantly reduced prices. By facilitating this marketplace, Flashfood has not only helped shoppers save money but has also redirected over 150 million pounds of food away from landfills. The company emphasizes its commitment to sustainability and community support, operating as a certified B-corp with the mission of feeding families rather than contributing to food waste.

ev.energy

Series A in 2022
Ev.energy is a London-based smart charging software platform for electric vehicles, founded in 2018. The company specializes in energy intelligence software that connects wirelessly to various electric vehicles and Level 2 chargers. It intelligently manages the charging process in alignment with utility and network signals, aiming to make charging both cleaner and more affordable for users. Through a mobile application, Ev.energy engages customers and offers rewards, enabling them to charge their electric vehicles at home while effectively reducing both costs and carbon emissions.

Aquabyte

Venture Round in 2022
Aquabyte, Inc. specializes in developing advanced monitoring systems for the fish farming industry, employing computer vision and machine learning technologies. Founded in 2017 and headquartered in San Francisco, California, with an office in Bergen, Norway, Aquabyte's smart camera system enables real-time applications such as detecting biomass, counting sea lice, and monitoring fish appetite. The accompanying web dashboard provides continuous metrics to enhance operational efficiency. By integrating these technologies, Aquabyte aims to reduce operational costs and fish mortality while promoting sustainability in aquaculture. The company’s innovative approach seeks to address the challenges faced by fish farms, ultimately contributing to a more efficient and environmentally friendly industry.

reThought Insurance

Series B in 2022
reThought Insurance Corporation, founded in 2017 and based in Broomfield, Colorado, operates as a managing general agency specializing in commercial flood insurance. The company utilizes proprietary underwriting methodologies and advanced risk assessment technology to effectively visualize, assess, underwrite, and price flood-related risks for commercial enterprises. By forming strategic partnerships with insurers, reinsurers, and other capacity providers, reThought Insurance aims to deliver essential insurance services in a cost-effective manner, ensuring that businesses have access to critical coverage tailored to their specific needs.

Carbon America

Series A in 2021
Carbon America is a developer of carbon capture and sequestration (CCS) technology aimed at significantly reducing carbon dioxide emissions. The company focuses on capturing and sequestering large volumes of carbon dioxide from industrial sources, utilizing a multi-strategy approach that emphasizes cost efficiency and rapid deployment. By combining a team of skilled engineers, developers, and financiers, Carbon America operates as a vertically integrated entity designed to scale effectively. This innovative approach not only enhances the efficiency of CCS processes but also positions the company as a leader in the effort to combat global warming by providing solutions that are both effective and economically viable for its clients.

Zoomo

Series B in 2021
Zoomo is a provider of electric bikes designed specifically for gig workers in the food delivery industry, offering subscription models for ease of access. The company's range of light electric vehicles includes e-Bikes, e-Mopeds, and e-Cargo options, equipped with features such as electronic locks, GPS tracking, inbuilt alarm systems, integrated lights, fast charging, rear racks, and suspensions. These innovations provide riders with sustainable and efficient micro-mobility solutions tailored for on-demand delivery services. Zoomo aims to expand its offerings to include new categories such as parcel, mail, and grocery deliveries, as well as models that cater to individual consumers.

Xeal

Series A in 2021
Xeal specializes in electric vehicle (EV) charging solutions tailored for apartments, condominiums, and workplaces. The company provides an integrated system that encompasses installation, cloud-based management, and a user-friendly mobile application. This application enables users to locate, track, and reserve charging stations, facilitating convenient access to charging services. Additionally, Xeal's solutions offer property owners the opportunity to generate passive income while contributing to reduced carbon emissions. By enhancing the accessibility of charging infrastructure, Xeal aims to support the growing demand for electric vehicles.

reThought Insurance

Series A in 2021
reThought Insurance Corporation, founded in 2017 and based in Broomfield, Colorado, operates as a managing general agency specializing in commercial flood insurance. The company utilizes proprietary underwriting methodologies and advanced risk assessment technology to effectively visualize, assess, underwrite, and price flood-related risks for commercial enterprises. By forming strategic partnerships with insurers, reinsurers, and other capacity providers, reThought Insurance aims to deliver essential insurance services in a cost-effective manner, ensuring that businesses have access to critical coverage tailored to their specific needs.

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. specializes in developing cloud-based software for renewable energy asset management and reporting. Founded in 2016 and headquartered in Vancouver, Canada, with an office in Glasgow, United Kingdom, Clir's software-as-a-service platform aims to enhance the performance and profitability of renewable energy plants. By integrating advanced artificial intelligence with deep domain expertise, the platform assists asset managers and owners in optimizing annual energy production, monitoring asset health, and managing both financial and technical risks.

Emitwise

Seed Round in 2021
Emitwise Ltd is a London-based company that develops software solutions for carbon footprint management. Founded in 2019, Emitwise offers a unique platform that leverages artificial intelligence to enable businesses to automatically measure, report, and reduce their carbon emissions across operations and supply chains. The company's technology facilitates real-time tracking of carbon footprints, allowing organizations to implement cost-effective strategies that align with sustainability targets. Emitwise aims to empower companies to respond to the climate emergency and transition towards a net-zero carbon future by providing the necessary tools to drive emissions reductions effectively. The company has gained the trust of global businesses and is supported by prominent investors from Silicon Valley.

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 production of cultured meat by utilizing tissue engineering techniques. Mosa Meat harvests adult stem cells from the muscle tissue of living cows, allowing it to grow meat without the need for animal slaughter. This innovative process enables the production of products such as hamburgers and aims to reduce the environmental impact associated with traditional meat production. By creating real meat from animal cells, Mosa Meat contributes to a more sustainable food system, significantly lowering emissions, water usage, and land requirements while minimizing animal suffering.

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 technology company that offers a cloud-based platform aimed at enhancing supply chain management. Founded in 2015 and based in Aliso Viejo, California, the platform integrates disparate supply chain data with advanced modeling technology to provide granular visibility into material movements and manufacturing operations. Utilizing Internet of Things (IoT) capabilities, big data management, and machine learning, ThinkIQ's software enables clients to contextualize data, correlate events over time, and identify inefficiencies within their operations. This comprehensive approach allows manufacturers to achieve significant cost savings, improve customer engagement, and enhance overall operational effectiveness by reducing waste and addressing quality and safety issues.

Aquabyte

Venture Round in 2020
Aquabyte, Inc. specializes in developing advanced monitoring systems for the fish farming industry, employing computer vision and machine learning technologies. Founded in 2017 and headquartered in San Francisco, California, with an office in Bergen, Norway, Aquabyte's smart camera system enables real-time applications such as detecting biomass, counting sea lice, and monitoring fish appetite. The accompanying web dashboard provides continuous metrics to enhance operational efficiency. By integrating these technologies, Aquabyte aims to reduce operational costs and fish mortality while promoting sustainability in aquaculture. The company’s innovative approach seeks to address the challenges faced by fish farms, ultimately contributing to a more efficient and environmentally friendly industry.

Palmetto Clean Technology

Series B in 2020
Just as technology has advanced society and delivered exciting consumer products, like Tesla cars and the iPhone, tech innovation is empowering homeowners across the country to join the New Utility Revolution. Palmetto’s clean energy marketplace and custom software tools help homeowners quickly estimate utility cost-savings and get renewable energy sources up and running, with ongoing data insights and support. For individuals, this innovation means lower utility bills, more transparency, control over energy use, increase in property value, and protection against power outages. When adopted en masse, a clean energy shift is a major step towards combating climate change and achieving American energy independence.

Span

Series A in 2020
Span.IO designs and develops innovative residential energy storage solutions aimed at facilitating the adoption of renewable energy. The company's flagship product includes a smart electrical panel that replaces traditional panels, providing an intuitive interface for managing home energy use. This system allows users to monitor and control energy consumption remotely through a dedicated application, enhancing the overall consumer experience. Span.IO's team, composed of experts in energy, software, hardware, and consumer finance, leverages their collective knowledge in power generation and system integration to create products that promote environmental sustainability and energy efficiency. Through its technology, Span.IO aims to transform the energy sector by making home energy management more accessible and automated.

Kebotix

Series A in 2020
Kebotix, Inc. is a company focused on revolutionizing the discovery and production of chemicals and materials through the integration of artificial intelligence, machine learning, and robotic automation. Established in 2017 and based in Cambridge, Massachusetts, Kebotix's platform significantly accelerates the research cycle, condensing it from years to months. This enables scientists to discover new materials and formulate products with specific desired properties more efficiently. The company's mission emphasizes enhancing public health and sustainability while promoting green chemistry solutions to eliminate hazardous substances. By providing access to its advanced digital research and development tools, Kebotix supports partners in materials innovation and development initiatives.

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. specializes in developing cloud-based software for renewable energy asset management and reporting. Founded in 2016 and headquartered in Vancouver, Canada, with an office in Glasgow, United Kingdom, Clir's software-as-a-service platform aims to enhance the performance and profitability of renewable energy plants. By integrating advanced artificial intelligence with deep domain expertise, the platform assists asset managers and owners in optimizing annual energy production, monitoring asset health, and managing both financial and technical risks.

Hydrostor

Venture Round in 2019
Hydrostor Inc. is a company based in Toronto, Canada, that specializes in developing and operating compressed air energy storage systems. Founded in 2010, Hydrostor's technology offers a solution for addressing the electricity system's needs for dispatchable capacity and renewable energy integration. The company's systems provide long-duration, emission-free energy storage, capable of delivering hundreds of megawatts for 4 to 24 hours, making them suitable for both behind-the-meter applications and remote operations, particularly in mines and large industrial facilities. Hydrostor's approach also allows for the repurposing of retired fossil fuel plants and utilizes existing mining infrastructure. The company serves clients primarily in the United States, Australia, and Canada, and has established a strategic partnership with AECOM to enhance its service 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 discovery and production of chemicals and materials through the integration of artificial intelligence, machine learning, and robotic automation. Established in 2017 and based in Cambridge, Massachusetts, Kebotix's platform significantly accelerates the research cycle, condensing it from years to months. This enables scientists to discover new materials and formulate products with specific desired properties more efficiently. The company's mission emphasizes enhancing public health and sustainability while promoting green chemistry solutions to eliminate hazardous substances. By providing access to its advanced digital research and development tools, Kebotix supports partners in materials innovation and development initiatives.

GreenMantra Technologies

Venture Round in 2018
GreenMantra Technologies Ltd. is a Canadian company based in Brantford that specializes in the manufacture and marketing of synthetic waxes, polymer additives, and specialty chemicals derived from recycled plastics. Established in 2010, the company employs a proprietary thermo-catalytic process to efficiently convert waste plastics, including challenging materials like grocery bags and film, into valuable products. Its offerings include polyethylene and polypropylene waxes, which are utilized in various industries such as asphalt roofing, paving, polymer processing, adhesives, and plastic composites. By focusing on the upcycling of hard-to-recycle plastics, GreenMantra contributes to sustainable practices while providing high-quality materials that cater to diverse manufacturing needs.

Aquabyte

Seed Round in 2018
Aquabyte, Inc. specializes in developing advanced monitoring systems for the fish farming industry, employing computer vision and machine learning technologies. Founded in 2017 and headquartered in San Francisco, California, with an office in Bergen, Norway, Aquabyte's smart camera system enables real-time applications such as detecting biomass, counting sea lice, and monitoring fish appetite. The accompanying web dashboard provides continuous metrics to enhance operational efficiency. By integrating these technologies, Aquabyte aims to reduce operational costs and fish mortality while promoting sustainability in aquaculture. The company’s innovative approach seeks to address the challenges faced by fish farms, ultimately contributing to a more efficient and environmentally friendly industry.

Hydrostor

Series B in 2016
Hydrostor Inc. is a company based in Toronto, Canada, that specializes in developing and operating compressed air energy storage systems. Founded in 2010, Hydrostor's technology offers a solution for addressing the electricity system's needs for dispatchable capacity and renewable energy integration. The company's systems provide long-duration, emission-free energy storage, capable of delivering hundreds of megawatts for 4 to 24 hours, making them suitable for both behind-the-meter applications and remote operations, particularly in mines and large industrial facilities. Hydrostor's approach also allows for the repurposing of retired fossil fuel plants and utilizes existing mining infrastructure. The company serves clients primarily in the United States, Australia, and Canada, and has established a strategic partnership with AECOM to enhance its service offerings.

Morgan Solar

Series C in 2016
Morgan Solar Inc., founded in 2007, aims to create efficient and cost-effective solar technologies. The company's founder, John Paul Morgan, a Physics Engineer with expertise in optics and photovoltaics, developed an innovative optical concentration system to address challenges in existing concentrated photovoltaic (CPV) systems. Morgan Solar's initial product, the Sun Simba HCPV, targets solar farm applications, with commercial availability expected in early 2010 after demonstration installations began in 2009. Additionally, the company has introduced products like the Sun Stream Window and the Sun Block Panel for building applications, with sales anticipated to start after mid-2010. Morgan Solar also offers advanced sunlight management systems designed for both utility and architectural solar sectors, utilizing ray tracing software for modeling urban environmental factors and an IoT sensor with a data analytics portal to meet clients' energy needs.

GreenMantra Technologies

Series C in 2016
GreenMantra Technologies Ltd. is a Canadian company based in Brantford that specializes in the manufacture and marketing of synthetic waxes, polymer additives, and specialty chemicals derived from recycled plastics. Established in 2010, the company employs a proprietary thermo-catalytic process to efficiently convert waste plastics, including challenging materials like grocery bags and film, into valuable products. Its offerings include polyethylene and polypropylene waxes, which are utilized in various industries such as asphalt roofing, paving, polymer processing, adhesives, and plastic composites. By focusing on the upcycling of hard-to-recycle plastics, GreenMantra contributes to sustainable practices while providing high-quality materials that cater to diverse manufacturing needs.

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. specializes in providing hardware solutions, software tools, and development kits tailored for home automation and smart energy applications. The company offers RapidConnect, an embedded software platform designed to facilitate connections among various stakeholders, including telecommunications companies, home automation vendors, and utility providers. Its product lineup includes RapidConnect modules for ZigBee connectivity, USB sticks, and development boards that assist developers in integrating smart energy solutions. MMB Networks also provides desktop software platforms, such as RapidSE and RapidHA, which enable users to simulate and control smart energy and home automation networks. Additionally, the firm offers customized hardware design, contract development, and integration services, alongside support and maintenance for troubleshooting and interoperability testing. Founded in 2008 and headquartered in Toronto, Canada, MMB Networks operates as a subsidiary of MMB Research Inc., leveraging its expertise in wireless and embedded technologies to expedite the adoption of smart energy solutions.

GreenMantra Technologies

Venture Round in 2014
GreenMantra Technologies Ltd. is a Canadian company based in Brantford that specializes in the manufacture and marketing of synthetic waxes, polymer additives, and specialty chemicals derived from recycled plastics. Established in 2010, the company employs a proprietary thermo-catalytic process to efficiently convert waste plastics, including challenging materials like grocery bags and film, into valuable products. Its offerings include polyethylene and polypropylene waxes, which are utilized in various industries such as asphalt roofing, paving, polymer processing, adhesives, and plastic composites. By focusing on the upcycling of hard-to-recycle plastics, GreenMantra contributes to sustainable practices while providing high-quality materials that cater to diverse manufacturing needs.

Sparq Systems

Venture Round in 2014
SPARQ Systems Inc. is a Canadian company specializing in the manufacture of solar micro-inverter solutions. Founded in 2009 and headquartered in Kingston, Canada, the company has developed advanced photovoltaic micro-inverter technology that supports the growing distributed solar market. Its flagship product, the Q1000 four-port micro-inverter, facilitates efficient power conversion. Additionally, SPARQ offers the SparqLinq wireless gateway for communication with its micro-inverters and SparqVu, a fleet management solution that provides performance data. The company employs a software-driven approach to maximize energy harvesting from solar modules while ensuring compatibility with existing power distribution networks and future smart grid systems. SPARQ has established strategic partnerships across the solar industry, collaborating with end users, installers, distributors, and manufacturers to enhance its market presence.

Smart Energy Instruments

Series A in 2014
Smart Energy Instruments Inc. specializes in measurement technologies aimed at monitoring, protecting, and controlling electrical grid distribution networks and other industrial IoT infrastructures. The company offers advanced chipsets, including the SGS1010D multicore DSP/CPU processor and the SGS1010A with delta-sigma modulators, achieving high-resolution measurements. Additionally, it provides software tools such as a development kit for firmware applications, enabling users to configure, control, and create customized solutions using its chipsets. Smart Energy Instruments also supplies reference platforms for various applications, including power quality monitors, protection relays, and distribution automation controls. Its solutions cater to smart cities and smart grid applications, addressing contemporary energy and environmental challenges. Established in 2004 and headquartered in Oakville, Canada, the company also has a presence in Los Altos, California.

Polar Sapphire

Seed Round in 2013
Polar Sapphire Ltd. is a Toronto-based company that specializes in the manufacturing and sale of high-purity aluminum oxide powder, commonly known as alumina. The company produces alumina in purity levels ranging from 3N to 6N, offering various particle size distributions tailored for different applications. This high-purity powder serves as a crucial feedstock for the production of sapphire ingots, which are essential in the manufacturing of LED substrates. Additionally, Polar Sapphire's alumina is utilized in the production of high-purity engineered ceramics, polishing agents, abrasion-resistant coatings, and other non-LED applications. The company has developed a proprietary method to produce low-cost, high-purity alumina, enhancing its competitive position in the market.

Sparq Systems

Seed Round in 2013
SPARQ Systems Inc. is a Canadian company specializing in the manufacture of solar micro-inverter solutions. Founded in 2009 and headquartered in Kingston, Canada, the company has developed advanced photovoltaic micro-inverter technology that supports the growing distributed solar market. Its flagship product, the Q1000 four-port micro-inverter, facilitates efficient power conversion. Additionally, SPARQ offers the SparqLinq wireless gateway for communication with its micro-inverters and SparqVu, a fleet management solution that provides performance data. The company employs a software-driven approach to maximize energy harvesting from solar modules while ensuring compatibility with existing power distribution networks and future smart grid systems. SPARQ has established strategic partnerships across the solar industry, collaborating with end users, installers, distributors, and manufacturers to enhance its market presence.

Hydrostor

Venture Round in 2013
Hydrostor Inc. is a company based in Toronto, Canada, that specializes in developing and operating compressed air energy storage systems. Founded in 2010, Hydrostor's technology offers a solution for addressing the electricity system's needs for dispatchable capacity and renewable energy integration. The company's systems provide long-duration, emission-free energy storage, capable of delivering hundreds of megawatts for 4 to 24 hours, making them suitable for both behind-the-meter applications and remote operations, particularly in mines and large industrial facilities. Hydrostor's approach also allows for the repurposing of retired fossil fuel plants and utilizes existing mining infrastructure. The company serves clients primarily in the United States, Australia, and Canada, and has established a strategic partnership with AECOM to enhance its service offerings.

Smart Energy Instruments

Venture Round in 2012
Smart Energy Instruments Inc. specializes in measurement technologies aimed at monitoring, protecting, and controlling electrical grid distribution networks and other industrial IoT infrastructures. The company offers advanced chipsets, including the SGS1010D multicore DSP/CPU processor and the SGS1010A with delta-sigma modulators, achieving high-resolution measurements. Additionally, it provides software tools such as a development kit for firmware applications, enabling users to configure, control, and create customized solutions using its chipsets. Smart Energy Instruments also supplies reference platforms for various applications, including power quality monitors, protection relays, and distribution automation controls. Its solutions cater to smart cities and smart grid applications, addressing contemporary energy and environmental challenges. Established in 2004 and headquartered in Oakville, Canada, the company also has a presence in Los Altos, California.

Smarter Alloys

Pre Seed Round in 2010
Smarter Alloys is a Canadian company based in Toronto that specializes in the development and manufacturing of shape memory alloys, leveraging multiple memory material technologies. Founded in 2009, the company focuses on applications across various sectors, including orthodontics, automotive, oil and gas, and medical devices. Smarter Alloys is known for its innovative approach to programming shape memory behavior, which allows for the creation of devices that exhibit complex, machine-like functions while remaining simple. One of its notable products is a functionally graded orthodontic archwire, which utilizes a copper-NiTi alloy to deliver optimized biomechanical stress, enhancing treatment efficacy in orthodontics. The company aims to improve performance and reduce complexity in wearable technology and medical devices within the automotive, aerospace, and clean technology industries.
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