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 on Tuesday at Prime Minister Mark Carney’s inaugura