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Natural Products Canada, Active Impact Investments launch cleantech venture funds
Two firms, Natural Products Canada (NPC) and Active Impact Investments, have launched early-stage cleantech venture funds, as the cleantech sector continues to gain traction in Canada.
Active Impact Investments has completed a first close of $41 million for a climate-tech venture fund. NPC Ventures, the investment arm of Charlottetown-headquartered NPC, has revealed plans to raise $50 million for a fund focused on companies developing natural products. NPC is targeting to complete its first close in the fall of this year.
The two new funds are the latest in a number of Canadian early-stage cleantech venture funds.