Radical Ventures secures over US$1B at first close for late-stage AI fund

Radical Ventures' Breakouts Fund has secured more than US$1B from Canadian institutions and other global investors; its final target and closing date remain undisclosed.

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Primary source: PR Newswire

Why it matters

Radical Ventures is giving Jacobs the capital to follow AI founders into larger private rounds while keeping more of the potential upside tied to Canadian institutions.

A focused shot of a modern executive desk with a pen and leather notebook, set against a softly blurred city skyline.

Jordan Jacobs has taken Radical Ventures into late-stage investing with the first close of the Radical Breakouts Fund, securing over US$1 billion in commitments from named Canadian institutions alongside other global investors.…

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