Tom Rand is the Co-Founder and Managing Partner of ArcTern Ventures. See sector focus and contact routes.
Tom Rand is the Co-Founder and Managing Partner of ArcTern Ventures, a privately backed venture fund in Toronto focused on scaling next-generation clean technology. His investment thesis targets climate tech companies in North America and Europe that can out-compete fossil fuels, specifically seeking innovations in energy production, large-scale storage, industrial processes, and cellulose-based chemical inputs. The firm invests primarily in early-stage startups developing hardware and software solutions across clean energy, mobility, circular economy, and industrial decarbonization. While specific check sizes are not publicly detailed, Rand has served as the lead partner on 15 deals, indicating a tendency to lead investments rather than follow. Notable portfolio companies include Hydrostor, a large-scale energy storage firm, and Woodland Biofuels, where Rand serves as Chairman. Rand distinguishes his approach by demanding that every deal demonstrate both short-term greenhouse gas mitigation potential and clear economic viability. He is also a prominent author of three books on climate economics, including *Climate Capitalism: Economic Solutions for a
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