Canada's AI Breakout Moment: Radical Ventures Leads Record $1B Fund as Investment Summit Opens

Toronto-based Radical Ventures has launched the Radical Breakouts Fund, securing over $1 billion USD ($1.4 billion CAD) in its first close — making it the largest AI-focused venture capital fund in Canadian history. Announced at Prime Minister Mark Carney's inaugural Canada Investment Summit on Tuesday, the fund is backed by a who's-who of Canadian institutional heavyweights: PSP Investments, CPP Investments, HOOPP, TD Bank Group, BMO Financial Group,...