Suncor contributed to the second close of cleantech-focused venture firm ArcTern's second fund, which is now working towards an expanded target.
Canada-based venture capital firm ArcTern Ventures has reached a C$165m ($124m) second close for its Fund II having raised capital from limited partners including crude oil producer Suncor.
Financial services firm TD Bank also contributed to the second close, along with the Canadian government-owned BDC Capital, family offices including The Ivey Foundation and an undisclosed pension fund.
ArcTern Fund II is anchored by energy company Equinor and pension fund manager Omers, and ArcTern announced the extra capital along with news…
