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

The Next Web

TechnologyThe Next Web·Sep 14, 2026·1 min read

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…

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