Radical Ventures launches Canada’s largest AI fund with $1-billion USD first close
The fund aims to keep more AI companies in Canada as they scale, with backing from major pension funds and banks.
7 Articles
7 Articles
Radical Ventures launches Canada’s largest AI fund with $1-billion USD first close
Toronto-based Radical Ventures has launched a “multi-billion-dollar” venture capital (VC) fund geared towards backing AI scaleups in Canada and abroad with a first close of “well over” $1 billion USD ($1.4 billion CAD). “Canada has never had a shortage of world-class AI companies. What we have lacked is capital at the scale required to keep them here as they grow.” Jordan Jacobs,Radical Ventures Radical announced its new Radical Breakouts Fund …
Radical Ventures lands $1bn-plus first close for late-stage AI fund backed by Canadian pension giants
Radical Ventures has secured more than $1bn at the first close of a new multi-billion-dollar late-stage AI fund, attracting commitments from some of Canada's largest pension investors as it looks to address a shortage of domestic growth capital for the country's technology businesses.
Radical Ventures secured more than $1 billion at the first closure of a growth fund, backed by pensions, banks and institutional investors in Canada, to fund advanced-stage artificial intelligence companies and help them scale from the country.
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