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

Partner

Murray McCaig

Co-Founder and Managing Partner

Ian Pinnington

Partner

Tom Rand

Co-Founder and Partner

Nikhil Shukla

Principal

Shannon Whitaker

Associate

Past deals in Ontario

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.

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.

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.

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.

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.

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.

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.
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