RADICAL VENTURES LAUNCHES CANADA'S LARGEST AI FUND WITH $1B FIRST CLOSE

Summary from the TLDR Fintech newsletter

Radical Ventures launched its multi-billion-dollar Radical Breakouts Fund with a first close of more than $1 billion, backed by major Canadian pension funds and banks including CPP Investments, PSP Investments, HOOPP, TD, and BMO. The fund will target late-stage AI companies in Canada and globally, reflecting a push to give Canadian scaleups access to the kind of large private-growth capital that has historically been concentrated in the US.