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Radical Ventures

Radical Ventures is a Toronto venture firm that invests only in artificial intelligence. Jordan Jacobs and Tomi Poutanen started it after selling Layer 6 AI to TD, launched a $350 million USD first institutional fund in 2019, and closed a $650 million USD early-stage fund — its sixth overall — in October 2025.

Venture CapitalTorontoFounded 2017radical.vc
$350M USDsize of Radical's first institutional fund, one year old at the time of the talk (stated on stage 2020-05-15)TechTO Founders & Funding 2020-05-15
$650M USDfinal close of its fourth early-stage AI fund, its sixth fund overallBetaKit

The people

What they build

Early-stage AI venture funds
AI growth fund

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Working at Radical Ventures

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On the TechTO stage

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About

Radical was founded in 2017 by the team behind Layer 6 AI and the Vector Institute, and it invests on a single premise: that AI is a general-purpose technology on the scale of electricity, and that the research behind it came out of Canada. Jordan Jacobs told TechTO in May 2020, a year into the firm's first institutional fund, that the goal was both to be the leading AI investment firm in the world and to have the resulting giant companies built here rather than acquired away. The firm has since raised repeatedly — a $650 million USD fourth early-stage fund closed in October 2025, replacing a 2023 vehicle, alongside a growth fund — and now has offices in London and San Francisco as well as Toronto. Its portfolio includes Cohere, Waabi, Aspect Biosystems and Toronto's PocketHealth, which Jacobs discussed on stage with founder Rishi Nayyar and noted at the time was the rare Radical investment not using AI.

Backers

A venture fund rather than an operating company. BetaKit, citing the Financial Times, reported that the family office of former Google CEO Eric Schmidt backed its 2023 fund; its other limited partners are not disclosed in full.

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Quick answers

What does Radical Ventures invest in?

Companies built on artificial intelligence, from early stage through growth. The portfolio spans AI infrastructure, generative AI and biotech applications, with names including Cohere, Waabi and Aspect Biosystems.

Who runs Radical Ventures?

Co-founder and managing partner Jordan Jacobs, who previously co-founded Layer 6 AI — acquired by TD Bank Group in January 2018 — and the Vector Institute, with his Layer 6 co-founder Tomi Poutanen.

How much has Radical raised?

Its first institutional fund was $350 million USD, launched in 2019. In October 2025 it closed a $650 million USD early-stage fund, its sixth fund overall, following a separate growth fund.

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Maintained by TechTO · facts sourced and dated · last reviewed Aug 12, 2026