Radical Ventures

Latest fund size

$1B

Announced

September 15, 2026

Global HQ

Canada

Members only

Check size

$2M–$20M

Members only

Stage focus

Seed, Series A, Growth

Members only

Regions of investment

North America, Europe, Asia

Members only

About

Radical Ventures is a Toronto-based venture capital firm founded in 2019 by Jordan Jacobs and Tomi Poutanen, dedicated exclusively to artificial intelligence. It emerged when AI was still niche and has grown into one of the world’s most prominent AI-focused VC firms, investing across the full lifecycle from early-stage to late-stage growth. Radical is known for its deep technical networks, early conviction in AI, and a track record of backing category-defining companies like Cohere and Waabi Innovation.

Contact info

radical.vc

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Jordan Jacobs — Co-Founder & Managing Partner

jordan@radical.vc

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Tomi Poutanen — Co-Founder & Partner

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John Megrue — Vice Chair & Partner

john@radical.vc

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Salim Teja — Partner

salim@radical.vc

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David Katz — Partner

david@radical.vc

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Daniel Mulet — Partner

daniel@radical.vc

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Ryan Shannon — Partner

ryan@radical.vc

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Aaron Rosenberg — Partner

aaronr@radical.vc

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Members only

Names, roles, emails and LinkedIn profiles for the team, plus the fund's website.

Investment focus

The firm invests exclusively in AI-first companies across industries, with a preference for nascent, research-driven startups.

Its portfolio spans foundational model companies, applied AI in drug discovery, robotics, autonomous driving, 3D spatial computing, and scientific R&D automation.

Radical differentiates itself by being among the first investors in highly technical teams.

With the 2026 launch of its Breakouts Fund, Radical also now backs AI scaleups at the late stage, targeting companies it believes are positioned to become the next generation of trillion-dollar businesses.

Members only

What the fund looks for in founders and which sectors it backs.

Fund

In October 2025, Radical closed Fund III at US$650M, its largest early-stage fund to date.

The fund is one of the largest dedicated AI funds globally, underscoring the firm’s position as a specialist investor in early-stage AI.

The Canada Pension Plan Investment Board (CPPIB) contributed US$75M to the fund, and across Radical’s history has committed US$280M.

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In September 2026, Radical announced a first close of over US$1 billion for its new late-stage Breakouts Fund, targeting a multi-billion-dollar final close.

The fund backs AI scaleups the firm believes are on a path to becoming the next generation of trillion-dollar companies, with an initial group of 12 companies including Cohere, Etched, Discovery Loop, and Periodic Labs.

Limited partners include the Canada Pension Plan Investment Board, Public Sector Pension Investment Board, Healthcare of Ontario Pension Plan, OPTrust, CI Global Asset Management, TD Bank Group, and Bank of Montreal, alongside undisclosed international investors.

Members only

Fund size, LPs and track record.

Other information

Leadership

‍The firm is led by founding partners Jordan Jacobs, Tomi Poutanen, Robert Young, and Ed Clark.

Jacobs and Poutanen previously co-founded Layer 6 AI, which was acquired by TD Bank, while Young and Clark bring decades of experience in technology leadership and finance.

Together, they combine deep expertise in artificial intelligence, entrepreneurship, and institutional capital to back founders advancing the frontiers of AI research and application.

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Investment Strategy‍

Radical focuses on early-stage investing, writing first checks into AI companies at seed or Series A. The firm is highly selective, having met with thousands of AI startups in the past six years but investing in only ~60.

Its model emphasizes picking the highest-potential founders, providing access to world-class AI experts, and using its reputation and portfolio founders as evangelists to win competitive deals.

In 2026, the firm added a late-stage strategy through its Breakouts Fund, writing larger checks into AI scaleups it believes have the potential to become the next generation of trillion-dollar companies.

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Notable Investments

  • Cohere (foundation models, now valued at ~$7B)
  • Waabi Innovation (autonomous driving)
  • World Labs (AI 3D spatial computing, co-founded by Fei-Fei Li)
  • Periodic Labs (autonomous scientific labs, founded by ex-OpenAI and Google researchers)
  • Etched (AI hardware)
  • Discovery Loop (AI for scientific discovery)

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Members only

Leadership, investment strategy, notable investments and exits.

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