RBC plans CAD 1.4 billion RBCx Growth Fund to scale Canadian tech firms into global leaders
RY•Investment focus and strategy
RBC plans to invest up to CAD 416 million, with an initial USD 200 million commitment to portfolio companies.
Investment focus will center on areas where Canada has strengths, including AI software, health technology, advanced technology, energy transition, and agtech.
The strategy aims to keep more growth-stage ownership in Canada, addressing a gap where only 33% of Canadian growth rounds are led domestically.
RBC launches CAD 1.4 billion RBCx Growth Fund I
RBC launched a CAD 1.4 billion initiative to back Canadian technology companies with global-scale potential via the new RBCx Growth Fund I.
The fund will target late-stage direct equity investments, pairing capital with commercialization support, strategic partnerships, advisory services, and expansion help.
