News

CPPIB, PSP anchor launch of Radical Ventures' $470 mln AI fund

Radical Ventures, a Canadian venture capital firm focused on artificial intelligence (AI), has launched a new fund with a target of about $470 million (US$350 million). The fund's cornerstone limited partners include Canada Pension Plan Investment Board (CPPIB), Public Sector Pension Investment Board (PSP Investments), TD Bank Group and Wittington Investments Ltd. Radical was founded in 2017 by Jordan Jacobs, Tomi Poutanen, Benji Sucher and Maks Volkovs, previously executives with Toronto-based AI startup Layer 6, acquired in 2018 by TD. Radical's new fund will make early-stage and growth investments in mostly Canadian companies developing AI products or applying AI to create a competitive advantage in large markets.

VCs keep on truckin’, modernizing tech in highly fragmented industry

Corporations have been outsourcing their venture investing to Pegasus Tech Ventures

Trusted Health inks $20 mln Series A

San Francisco-based Trusted Health, a career platform for modern nurses to work, connect and grow, has secured $20 million in Series A funding. Craft Ventures led the round with participation from Felicis Ventures and Founder Collective.

Mobile wellness firm Noom grabs $58 mln

New York City-based Noom, a mobile wellness firm, has raised $58 million in funding. Sequoia Capital led the round.

Joel Albarella of New York Life Ventures on insurtech and seeking financial returns

Bridge Investments gathers $4.15 mln for sophomore fund

Bridge Investments has raised $4.15 million for its second venture fund, according to an SEC filing. The target is $50 million.

Anzu finds niche in new companies selling ‘picks and shovels’ to major industries

Unshackled Ventures raises $20 mln second venture-capital fund

Unshackled Ventures said it has raised a $20 million second venture-capital fund backed by Bloomberg Beta, Jerry Yang's AME Cloud Ventures, Emerson Collective and others.

SoftBank’s legacy: The private IPO