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

Past deals in Smart Home

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.

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.

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.

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.

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.

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.
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