Toronto-based Intrepid Labs exits stealth with $11 million in funding from Radical Ventures and Avant Bio to fast-track drug development using machine learning and robotics.
Amount Raised
$11 Million
Round Type
Seed
TorontoBiotechnologyArtificial IntelligenceMachine LearningInvestors
Description
Intrepid Labs has emerged from stealth with $11 million in funding to accelerate drug development. This funding includes a $7 million seed round led by Avant Bio and a $4 million pre-seed round led by Radical Ventures. The company plans to expand its team and its AI-driven lab technology. Intrepid aims to enhance research for biotech companies and pharmaceutical firms.
Quick answer
Intrepid Labs raised $11 Million in a Seed round, dated May 12, 2025. Investors: Propagator Ventures, Radical Ventures and Avant Bio. Intrepid Labs is based in Toronto, Ontario, Canada.
- How much did Intrepid Labs raise?
- Intrepid Labs raised $11 Million in a Seed round on May 12, 2025.
- Who invested in Intrepid Labs?
- Propagator Ventures, Radical Ventures and Avant Bio are named as investors in this round.
- What does Intrepid Labs do?
- Intrepid Labs was spun out of the University of Toronto to pioneer the use of artificial intelligence and robotics to redefine drug formulation and accelerate therapeutic development.
- Where is Intrepid Labs based and how big is it?
- Intrepid Labs is based in Toronto, Ontario, Canada.
- Who are the decision-makers at Intrepid Labs?
- Fundz holds 1 contact at Intrepid Labs. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Biotechnology and Artificial Intelligence around the same time
Companies in the same sectors as Intrepid Labs that raised within 45 days of this round, from Fundz verified event records.
- Cursor raised an undisclosed amount (Funding Round) on April 21, 2025.
- Lyrebird Health raised $8.9M (Funding Round) on June 18, 2025.
- Nabla raised $70M (Series C) on June 17, 2025.
- Hoppr raised $32M (Series A) on June 17, 2025.
- Positron raised $75M on June 16, 2025.
- Ryght raised $3M (Seed) on June 12, 2025.
Who to call at Intrepid Labs, and when
A new round usually means Intrepid Labs is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Intrepid Labs raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Intrepid Labs, from your own LinkedIn network
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Related People
Intrepid Labs raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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