Radical Ventures Secures Over $1 Billion for Historic AI Growth Fund

Radical Ventures has closed over $1 billion USD in the first close of Canada's largest-ever VC raise, the Radical Breakouts Fund. This fund aims to empower late-stage AI companies to reach valuations of $100 billion or more before going public. Backed by seven major Canadian pension funds and banks, the initiative signifies a shift in Canadian capital access. The fund targets opportunities previously dominated by US investors, aiming to keep value creation within Canada.