News Summary

Active Impact Investments, a Vancouver-based venture capital firm, has finalized its third early-stage climate technology fund at $110 million CAD. Despite setting an initial target of $120 million, the firm opted to close the fund by securing sufficient capital to execute its strategy. Active Impact’s decision comes amid a challenging fundraising landscape, marking a significant increase from its previous fund. The new fund, co-anchored by Northleaf Capital Partners and Fondaction, has attracted institutional backers like Deloitte Ventures and InBC. Active Impact plans to allocate investments ranging from $1 million to $4 million in startups focusing on clean energy, transportation, and sustainable solutions, primarily within Canada. The firm has already invested $17 million from this fund into companies such as Jetson and Skyward. Active Impact emphasizes Canada’s appeal as a climate tech hub, citing its talent pool, supportive policies, and stable leadership as key factors.