RBC launches billion-dollar Canadian tech growth fund

The Royal Bank of Canada ( RBC ) has revealed plans to raise and anchor a new, $1-billion USD ($1.4-billion CAD) fund to back scaling Canadian technology companies. The news: RBC announced the RBCx Growth Fund on Wednesday morning. The fund will make direct equity investments in growth-stage domestic tech firms “with the potential to scale into global powerhouses,” and provide access to commercialization opportunities, strategic partnerships, and other forms of support that RBC claims are often