– Active Impact Investments has closed its third fund at $110 million CAD, nearly double its previous fund, bringing total AUM to over $180 million.
– The firm remains focused on early-stage climate tech startups that reduce emissions and promote scalable clean solutions.
– Fund III investments so far include Canadian startups Jetson, Skyward, RIPTK, ThinkLabs AI, and U.S.-based C.Scale, Lumo, and Zeno.
– The fund aims to back 25 companies total, with 18 more to be added, primarily in Canada with some U.S. allocation.
– Anchor investors include Northleaf Capital Partners (Canadian VC strategy) and Fondaction; other backers are Boann Ventures, Co-operators CVC Fund, Deloitte Ventures Canada, and InBC Investment Corp..
– Founder Mike Winterfield emphasizes Canada’s favorable environment for climate tech: affordable talent, strong public support, policies like IRAP and SR&ED, and stable leadership.
– General Partner Tom Boddez notes early strong traction from Fund III, highlighting: Jetson, and Zeno.
– Active Impact seeks founders in clean energy, transportation, infrastructure, carbon solutions, sustainable food/water, and circular economy.
– Louis de La Haye Duponsel, CPA CMA, Deputy Chief Investment Officer at Fondaction praises Active Impact’s transparency, accountability, and top-tier performance.
– Since 2018, the firm has invested in 39 companies across North America, with 7 exits, including 3 in 2024.
