Radical Ventures

Radical Ventures is a prominent Canadian venture capital firm based in Toronto, specializing in early-stage investments in companies leveraging artificial intelligence and deep technology to revolutionize major industries. Founded by a team of experienced entrepreneurs and AI pioneers, including Jordan Jacobs, Tomi Poutanen, and Benji Sucher, the firm has established itself as a key player in the North American deep tech ecosystem, particularly within Canada's burgeoning AI sector. Their investment philosophy centers on identifying and supporting ambitious founders who are building defensible intellectual property and scalable solutions for complex global challenges.

The firm has demonstrated significant fundraising success, underscoring its capacity to support capital-intensive deep tech ventures. In 2022, Radical Ventures announced the close of its second fund, Fund II, at CAD $550 million, which translates to approximately USD $401.5 million. This substantial capital raise brought their total assets under management (AUM) to over CAD $1 billion, or roughly USD $730 million, solidifying their position as one of Canada's largest dedicated AI venture funds. This financial strength enables them to provide robust support to their portfolio companies, from initial investment through subsequent growth stages.

Radical Ventures typically focuses on Seed, Series A, and Series B rounds, often taking a lead or co-lead position. Their initial cheque sizes generally range from USD $5 million to USD $25 million, reflecting their commitment to providing meaningful capital to accelerate the development and commercialization of groundbreaking technologies. Beyond capital, the firm offers strategic guidance, operational support, and access to a vast network of AI experts and industry leaders, leveraging the deep expertise of its partners and advisors. This hands-on approach aims to help portfolio companies navigate the complexities of scaling deep tech innovations and achieving market leadership.