ArcTern Ventures

ArcTern Ventures is a Toronto-based Canadian venture capital firm that makes early-stage investments in cleantech and sustainability-focused companies. Established in 2012, it targets technologies across clean energy, energy efficiency, storage, circular economy, advanced manufacturing and materials, mobility, agtech and sustainable food and agriculture. The firm funds early-stage ventures with geographic reach in North America and Europe and pursues ESG and impact outcomes aligned with climate, energy and industrial decarbonization goals. Its portfolio spans energy equipment, software and hardware, energy technology and related IT innovations developed to reduce environmental impact.

Kristin Aamodt

Managing Director

Fariborz Fallah

Venture Partner

Marc Faucher

Managing Partner

Mira Inbar

Partner

Louisa Liu

CFO

Past deals in Solar Energy

King Energy

Seed Round in 2024
King Energy is a pioneering company specializing in delivering solar power solutions to multi-tenant commercial properties. It uniquely addresses the complexities of rooftop solar by leasing open roof spaces from property owners, managing all aspects of financing, installation, and long-term maintenance. The clean energy generated is then supplied to tenants at discounted rates.

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.

Morgan Solar

Series C in 2016
Founded in 2007, Morgan Solar specializes in developing highly efficient, low-cost solar technology. Its flagship product, the Sun Simba HCPV, is designed for solar farm applications, while its Sun Stream Window and Sun Block Panel products cater to building applications.

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.

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.
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