Murray McCaig, ArcTern Ventures
A co-founder of one of Canada’s leading clean technology venture capital firms, Murray and ArcTern are filling a historic void in the Canadian market by investing in breakthrough technologies that address climate change – all while generating outsized financial returns. ArcTern recently closed the largest venture fund in Canada, attracting $200+ million from Canada’s leading pension funds, banks and corporations. Attracting this amount of capital would have been impossible without the demonstrated financial success of ArcTern’s $77 million in earlier investments in 10 exceptional Canadian CleanTech companies. Investments by Murray and ArcTern have contributed to the success of fellow 2020 Clean50 honourees Morgan Solar and now Parity.