Dennis Sheberla, Kebotix | August 14, 2020
CAMBRIDGE, Mass., Aug. 14, 2020 – Kebotix, a Cambridge-based technology platformcompany for new chemicals and materials, announced ArcTern Ventures as a major investor in its Series A funding that raised $11.4 million. The funding, announced in the spring, was led by Denmark-based Novo Holdings, a leading international life science investor.
As Kebotix’s second-largest backer, Toronto-based ArcTern Ventures is instrumental as the startup scales operations and accelerates R&D efforts to generate discoveries of urgent global importance – a key theme within ArcTern’s portfolio of cleantech companies.
“We’re looking for companies that solve big problems related to climate change and sustainability,” said Murray McCaig, ArcTern co-founder and managing partner. “Kebotix brings to our portfolio a unique platform technology that can significantly mitigate environmental impacts of chemicals in the market today, enable rapid acceleration in the adoption of new planet-positive technologies across a range of industries and use cases, and shave years and millions of dollars off this timeline by bringing the chemical discovery process into the 21st century.”
ArcTern joins a list of investors that includes One Way Ventures, Flybridge Ventures, Baidu Ventures, Embark Ventures and Propagator Ventures, in addition to Novo.
“Proud as we are to be part of one of North America’s leading cleantech venture funds, Kebotix considers ArcTern Ventures as more than an investor,” said Dr. Jill S. Becker, Kebotix CEO and founder. “We see ArcTern as a Canadian ambassador with close connections to our expanding ecosystem. Their offices are literally across the street from The Matter Lab, where Alán Aspuru-Guzik, Kebotix’s chief visionary officer and founder, is leading breakthrough research as professor of chemistry and computer science at the University of Toronto.”
A forthcoming announcement on Kebotix’s growth in Canada will be on the heels of this month’s news that the company has relocated its lab automation team to C2I, a chemistry-focused accelerator in Woburn, Mass., about 11 miles north of the company’s headquarters at The Engine in Cambridge.
Kebotix, launched in late 2018, engages with major players in the private and public sectors demanding breakthroughs in faster, cost-effective discovery of chemicals and materials. Among other macro efforts, Kebotix is dedicated to improving public health, championing sustainability and eliminating the production of hazardous substances through Green Chemistry solutions.
Kebotix partners with the private and public sector in harnessing the power of its breakthrough platform that combines artificial intelligence and robotic automation to discover chemicals and materials significantly faster and more affordably. Kebotix is backed by a growing, talented and dedicated team led by world-class scientists and serial entrepreneurs – plus the world’s first self-driving lab for materials discovery – to develop AI/machine learning roadmaps and define problems and solution properties for its partners, and solve the world’s most urgent problems for everyone else. Kebotix provides its partners technology access to its digital R&D solutions – including ChemOS(TM) – and complete end-to-end materials innovation programs to stay ahead of competition in the digital revolution. For more information, visit www.kebotix.com.
About ArcTern Ventures
ArcTern Ventures is a Toronto-based venture capital firm investing globally in breakthrough clean technology growth companies addressing climate change and sustainability. ArcTern was founded by Murray McCaig and Tom Rand around the belief that the accelerating transition to a greener economy will disrupt all industries and present a multi-trillion-dollar opportunity for both outsized financial returns and positive environmental impact. For more information, visit www.arcternventures.com.
PR for Kebotix
Investor commitment signals growing support for breakthrough technologies solving climate change issues as cleantech begins to disrupt virtually every industry.
TORONTO, Jan. 20, 2020 /CNW/ – ArcTern Ventures, a Toronto-based venture capital firm investing globally in breakthrough clean technology companies addressing climate change and sustainability, announced today that they have secured $200 million in commitments for its Fund II, including over $45 million from foreign investors.
“We continue to see strong interest and demand from institutional investors and family offices in North America and Europe for ArcTern’s planet-positive investment strategy,” noted Murray McCaig, managing partner at ArcTern. New major investors include Nysno (a Norwegian fund), Investissement Québec, and the federal government Venture Capital Catalyst Initiative that closed out the fund with a $10 million commitment. They join existing investors OMERS, Equinor, TD Bank Group, Suncor, BDC, a leading Canadian pension fund, family offices in North America and Europe, and others.
“We evaluated a number of North American venture funds investing in climate and sustainability technologies,” outlined Siri Kalvig, CEO at Nysnø Climate Investments. “We had a great connection with the ArcTern team and felt they have developed a strong understanding of how to drive value creation in this space combining deep technology focus with a hands-on approach and financial rigour. We are also excited about their presence in Norway, which we believe will be a strong hub to identify the best deals in Europe.”
Today’s announcement confirms ArcTern Fund II as the largest cleantech venture fund in Canada and among the leading cleantech venture funds in the world. ArcTern’s managing partners, Murray McCaig and Tom Rand, co-founded ArcTern Ventures in 2012 with the view that the accelerating global transition to a greener economy was inevitable, bringing significant investment opportunity as it disrupts virtually all industries.
“We are proud to support ArcTern Ventures with its growth,” stated Guy LeBlanc, President and CEO of Investissement Québec. “Not only will this partnership allow us to showcase the cleantech industry’s know-how and capacity for innovation in Québec and abroad, it’s yet another way in which the Corporation is promoting the shift to a green, low-carbon economy. In 2020, it has become abundantly clear that businesses turning to green, innovative technologies are the ones that will stand out from the competition and get a head start in developing their business.”
ArcTern analysis shows a multi-trillion-dollar opportunity within the cleantech industry, particularly in cleantech innovation, and strong potential to generate both outsized financial returns and a positive environmental impact.
“By securing $200 million from national and international investors, ArcTern will be able to invest in innovative, scaling companies in Canada’s cleantech sector. Canadian cleantech companies are global leaders working to have positive environmental impacts, and our strategies are positioning them to export these benefits to the rest of the world.”
– The Honourable Mary Ng, Minister of Small Business, Export Promotion and International Trade
“The global cleantech sector is growing and innovating at such a rapid pace that it’s providing more investment opportunities than we ever thought possible only a few years ago,” explained McCaig. Rand, a leading global climate solution advocate, added that “Cleantech investing is a team sport, which is why we are excited to have united such a powerful and forward-thinking group of investor partners. Our leadership, coupled with their capital commitments, expertise and global connections will help drive the growth of our investee companies with the goal of transforming them into global market leaders.”
About ArcTern Ventures
ArcTern Ventures is a Toronto-based venture capital firm investing globally in breakthrough clean technology growth companies addressing climate change and sustainability. ArcTern was founded by Murray McCaig and Tom Rand around the belief that the accelerating transition to a greener economy will disrupt all industries and present a multi-trillion dollar opportunity for both outsized financial returns and positive environmental impact. For more information, please visit www.arcternventures.com.
About Nysnø Climate Investments
Nysnø Climate Investments is a Norwegian state-owned venture fund based in Stavanger that invests in companies and funds with profitable and smart solutions to climate change. Nysnø Climate Investments was established in 2017 and is owned by the Norwegian Ministry of Trade, Industry & Fisheries. For more information see www.nysnoinvest.no/en
About Investissement Québec
Investissement Québec’s mission is to promote the growth of investment in Québec, thereby contributing to economic development and job creation in all regions. The Corporation provides companies with a full range of financial solutions, including loans, loan guarantees and equity investment, to support them at all stages of their development. In addition, it is responsible for the administration of tax measures and the prospecting of foreign investments.
About Venture Capital Catalyst Initiative
Venture Capital Catalyst Initiative (VCCI) is a $450 million Federal government program backed by the Government of Canada to strengthen the local venture capital ecosystem and help Canadian companies scale. VCCI Stream 1 invested in large funds-of-funds that will support Canadian VC fund managers, while VCCI Stream 2 invested in emerging and diverse managers, underserved regions and sectors, and alternative fund structures. VCCI Stream 3 invested in VC funds investing primarily in clean technology firms.
For further information:
Lee-Tal Hatuka, ArcTern Ventures, E: firstname.lastname@example.org