As per ESG Today, through ArtTern Fund III, the VC looks to invest in companies that offer technologies that could bring innovation in the field of clean mobility, renewable power or circular economy, among other sustainable sectors.

The fund will be focused on companies that are in the growth stage and prove to offer the highest potential of avoiding the release of greenhouse gas emissions, mostly in the US and Europe. Agri-food companies are also on the list of potentially support-receivers of ArcTern Fund III's 335 million USD.

Murray McCaig, Co-Founder and Managing Partner at ArcTern Ventures, said that "we are investing across North America and Europe in mission-driven founders who understand that if you’re not rapidly scaling revenue, you’re not having climate impact, and the world needs scalable decarbonization solutions today, not decades into the future."

Marc Faucher, Managing Partner at ArcTern Ventures, added that "spanning diverse geographies and industry verticals, we keep a close eye on the world’s most promising climate startups to ensure that we’re maximizing the utility of our funds."

Allianz, Church Pension Group and OPTrust are among those who invested in the 335 million USD climate-focused fund.