Intrepid Growth Partners

Firm

Intrepid Growth Partners

Headquarters

Toronto, Canada

Founded

2023

AUM

not publicly disclosed by the firm (third-party estimates cite a ~$500M Fund I, unverified against a primary source)

Stages

Growth, Late Stage

Thesis

Believes "technology transforms an industry when the whole system is rebuilt around it" — targets paradigm-shifting AI/machine-intelligence applications rather than incremental tooling.

• CompanyExeinRome-based embedded/IoT cybersecurity firm securing firmware across critical infrastructure, industrial, and aerospace devices.
• CompanyPhysicsXLondon-based AI-native engineering software company building physics-simulation/AI models for industrial design, manufacturing, and product engineering.

• FounderMark MachinCo-founder and Managing Partner of Intrepid Growth Partners; former President and CEO of CPP Investments (2016-2021), who resigned after a COVID-19 vaccine trip to the UAE drew public backlash.
• FounderMark ShulganCo-Founder and Partner of Intrepid Growth Partners; formerly co-founded and led CPP Investments' Thematic Investing (Growth Equity) unit from 2009 to 2018 and later founded OMERS Growth Equity.
• FounderAjay AgrawalCo-Founder and Partner of Intrepid Growth Partners; Rotman School of Management (University of Toronto) professor and founder of the Creative Destruction Lab; co-author of Prediction Machines and Power and Prediction.

What is Intrepid Growth Partners?

Believes "technology transforms an industry when the whole system is rebuilt around it" — targets paradigm-shifting AI/machine-intelligence applications rather than incremental tooling.

How much does Intrepid Growth Partners manage?

Intrepid Growth Partners manages not publicly disclosed by the firm (third-party estimates cite a ~$500M Fund I, unverified against a primary source) in assets, and was founded in 2023.

What stages does Intrepid Growth Partners invest at?

Intrepid Growth Partners invests at Growth, Late Stage.

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