# ARC Financial: portfolio, investments and team

> ARC Financial is a vc firm based in Canada. 4 investments on record, latest Nov 2014. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/arc-financial-corp (Millionrounds; every figure on the page links to its filing or article)

Canada · [Investor](https://millionrounds.com/investors)

# ARC Financial

Last cheque observed Nov 2014. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet VC firm

Seed Series A Series B Energy

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Cheques on record

**0%** of best year **0** **cheques in 12 months**, 4 on record

Since the last cheque **4381** days **00** hrs **00** min **00** sec

Median round **$4.8M** Rounds led **0 of 4** Sole investor **2 rounds**

Pitch ARC Financial

## ARC Financial highlights

- 01 4 rounds on record
- 02 Mostly Growth and Series C: 50% of its rounds
- 03 Sole investor in 2 rounds, median $4.8M

## What they do

> ARC Financial Corp. is Canada's largest energy focused private equity manager. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Energy
- **Based in:** Calgary, Canada
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **4 appearances**

- **2014** 1 round
- **Nov** **[BluEarth Renewables](https://millionrounds.com/company/bluearth-renewables)** Growth · CA **$81M** With 1 other
- **2011** 1 round
- **May** **[Careerminds Group](https://millionrounds.com/company/careerminds-group)** Venture · US · finsmes.com **$1.3M** With 4 others
- **2008** 1 round
- **Aug** **[Nexterra](https://millionrounds.com/company/nexterra)** Series D · CA · nexterra.ca **$3.8M** Sole investor
- **2007** 1 round
- **Jan** **[Nexterra](https://millionrounds.com/company/nexterra)** Series C · CA **$5.8M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **12 named**

AL **Andrew L Evans** Managing Director i Form ADV

BP **Brian P Boulanger** CEO & Director i Form ADV

DK **Duane Kevin Schellenberg** Managing Director i Form ADV

JC **Jacqueline Catharine Forrest** Managing Director i Form ADV

JK **James Kent Foster** Managing Director i Form ADV

JG **Jeremy Gackle** Managing Director i Form ADV

KL **Kara Lynn Haug** Director, Svp Finance i Form ADV

KJ **Kevin J Brown** Co-Chair & Director i Form ADV

LJ **Lauchlan J Currie** Co-Chair & Director i Form ADV

MH **Mac H Van Wielingen** Founder i Form ADV

PT **Peter Tertzakian** Managing Director i Form ADV

TM **Tanya M Causgrove** Chief Financial Officer & Managing Director i Form ADV

We also hold **42** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$1.9B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** ARC Financial CORP
- **SEC number:** CRD 162336

## The cheque

Seed Series A Series B

Median round joined **$4.8M** the round, not its cheque Alone, median **$4.8M**

Led 0 of 4 rounds **0%**

- **Sole investor:** 2 rounds
- **Last cheque:** Nov 2014

Rounds by stage said on their site

- Growth said *1*
- Series C *1*
- Series D *1*
- Venture *1*
- Seed said *-*
- Series A said *-*
- Series B said *-*

Cheques by year Led Joined

2007 2014

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## Quick answers about ARC Financial

### What does ARC Financial invest in?

ARC Financial invests most often at Growth and Series C (50% of the rounds on record), in sectors such as Energy.

### How active is ARC Financial?

4 investments on record, 0 of them in the last 12 months. The most recent was in Nov 2014.

### How big are ARC Financial's cheques?

The median round it joins is $4.8M.

### Is ARC Financial investing now?

No investments in the last 12 months; the latest was in Nov 2014.

### What kind of investor is ARC Financial?

ARC Financial is a VC firm based in Calgary, Canada.

### How much does ARC Financial manage?

About $1.9B, as gross assets of its private funds (Oct 2026).

### When was ARC Financial founded?

ARC Financial was founded in 1989.

### Where does this information on ARC Financial come from?

From 2 articles and filings naming it in a round, public registers and its own website, checked and rebuilt every night.

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