Intrepid Growth Partners Secures $525-Million USD Final Close for Inaugural AI Fund
The Toronto- and London-based firm exceeded its target by $25 million and will invest up to $50 million per company across AI sectors.
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Intrepid Growth Partners secures $525-million USD final close for inaugural AI fund
Former leaders from OMERS, CPPIB, and CDL lead fund to find “the next generation of AI founders.” The post Intrepid Growth Partners secures $525-million USD final close for inaugural AI fund first appeared on BetaKit.
Intrepid Growth Partners closes $525m AI fund backed by state money
Intrepid Growth Partners has closed its first fund at $525m and launched formally from offices in Toronto and London. Mark Machin, Mark Shulgan and Ajay Agrawal founded the firm in 2023, and it already holds nine portfolio companies, among them PhysicsX in London and StackAdapt in Toronto. The backer list is where this gets interesting. […] This story continues at The Next Web
Intrepid Growth Partners closed a $525 million fund to invest in growing artificial intelligence companies, supported by more than 80 partners, including five state investors from four countries. The firm founded by former executives of the Canadian institutional system seeks to differentiate itself from megafunds through specialization, geography and a thesis focused on the impact of cheap prediction.
Former head of the Canadian pension fund, Mark Machin, who launched Intrepid Growth Partners, has completed a first vehicle dedicated to investing in growth. Nine operations have already been completed.
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