Firms

Intrepid Growth Partners

Intrepid Growth Partners

intrepidgp.com

Intrepid Growth Partners invests growth capital in companies applying artificial intelligence to established commercial markets. Founded by Mark Machin, Mark Shulgan and Ajay Agrawal, it backs AI businesses in industrial engineering, healthcare, cybersecurity, advertising and enterprise software, with investment teams in Toronto and London. Its first fund closed at US$525 million in September 2026. Growth partners and scientific advisers support portfolio companies with AI research, product development and international expansion.

Founded
2023
Type
Venture capital

Funds1

  • Intrepid Growth Partners Fund I$525M

    Inaugural AI growth equity fund, with a US$525 million final close announced on 14 September 2026. Backs commercially established businesses applying AI across industrial engineering, healthcare, cybersecurity and enterprise software, principally in North America and Europe. The manager was founded in 2023; the 2026 announcement is the fund final close.

Team

Harley Finkelstein
—— – —

Operations and support

Adrian WellerGrowth Partner
Ajay AgrawalCo-founder & Partner
Brian TaptichGrowth Partner
Emily NgInternal Operations Lead
George HoyemGrowth Partner
Graham Stirling-MoffetDirector of Product
Grant WallacePrincipal
Jessica GalliPrincipal
Jessica HaoSenior Associate
John TangGrowth Partner
Mark MachinCo-founder & Managing Partner
Mark ShulganCo-founder & Partner
Niamh GavinSenior Advisor
Ophélie LaurinAssociate
Richard SuttonSenior Advisor
Sendhil MullainathanSenior Advisor
Sir Mike WigstonSenior Advisor
Stephen ThornePartner
Talia VarleyGrowth Partner
Ttisa RashfordAssociate

Co-investing

Bejul Somaia
General Catalyst
India Quotient
Insight Partners
Killick Capital

Investments