AI news brief
RBC launches $1.4-billion fund to invest in Canadian technology companies
Globe and Mail - Business - 2026-09-09
AI Summary
Royal Bank of Canada has launched a $1.4-billion fund to invest in Canadian technology companies, aiming to accelerate their growth and retain economic benefits within Canada. The RBCx Growth Fund will focus on key sectors and plans to take direct equity investments in up to 15 companies. This initiative comes as Canada faces a decline in domestic growth capital availability for scaling businesses.
Key takeaways
- RBC launches $1.4-billion fund for Canadian tech companies.
- Fund aims to address lack of domestic growth capital.
- Investments will focus on key technology sectors.
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