$525m AI Fund Launches with Focus on UK-Canada Corridor

A new $525 million AI-focused growth investor has launched in the UK and Canada. Intrepid Growth Partners, founded by Mark Machin, Mark Shulgan, and Ajay Agrawal, aims to back the next generation of AI leaders.

The fund is backed by over 80 global Limited Partners, including Temasek, Abu Dhabi Investment Council, British Business Bank, Export Development Canada (EDC), and Business Development Bank of Canada (BDC).

Intrepid invests in companies with demonstrated commercial traction across various sectors, taking a high-conviction approach to backing businesses applying AI to transform established industries.