Radical Ventures Launches Canada's Largest VC Fund With $1B USD First Close

Toronto-based Radical Ventures announced the launch of the Radical Breakouts Fund to invest in late-stage AI companies. The first close exceeded $1 billion (about $1.4 billion CAD), with investors including CPP Investments, PSP Investments, TD and BMO.

• Fund's first close exceeded $1B, target is several billion
• Fund focuses on AI companies on the path to $1T valuation
• LPs include CPP Investments, PSP Investments, HOOPP, TD, BMO
• Radical previously raised $800M for a growth fund in 2024