RBC's $1.4B Fund Leads Canada's Tech Funding Push as Quantum Firms Eye US Incentives

The Royal Bank of Canada just dropped $1.4 billion CAD on the table for Canadian tech. The new RBCx Growth Fund will make direct equity investments in growth-stage companies "with the potential to scale into global powerhouses," covering enterprise software, cybersecurity, healthtech, frontier tech, cleantech, and AgTech. RBC is committing up to $300 million USD of its own capital, with the rest coming from third parties. The move directly addresses a persistent pain...