Intrepid Growth Partners closes a $525m AI fund with state money from four countries

Intrepid Growth Partners has closed its first fund at $525m and launched formally from offices in Toronto and London. Mark Machin, Mark Shulgan and Ajay Agrawal founded the firm in 2023, and it already holds nine portfolio companies, among them PhysicsX in London and StackAdapt in Toronto. The backer list is where this gets interesting. […] This story continues at The Next Web

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