The Globe and Mail reports in its Tuesday edition that ArcTern Ventures has amassed $335-million (U.S.) for its third climate-focused fund from a roster of big-name institutions in a fundraising round the venture capital group says shows strong interest in cleantech opportunities despite pressures in the sector. The Globe's Jeffrey Jones and Sean Silcoff write that ArcTern, which concentrates on climate technology companies around the world in the early commercial stages, said it is seeking out opportunities in North America and Europe for its Fund III. It is scouting for companies that have the highest potential to slash emissions in fields such as renewable energy, low-carbon mobility, circular economy, sustainable food and industrial decarbonization. The new fund has already made investments in eight companies in Europe and the United States, said Murray McCaig, co-founder and managing partner at ArcTern, whose latest fundraising proceeds make it one of the largest players in that segment of climate venture capital globally. Some of the investors in Fund III include Toronto-Dominion Bank, OPTrust, CPP Investments, Church Pension Fund and Credit Suisse. The latter two are first-time investors with ArcTern.