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Bloomberg
Caisse de Depot et Placement du Quebec (CDPQ) is acquiring a minority stake in jobs website Neuvoo, the latest investment by Canada’s second-largest pension fund in companies that rely on artificial intelligence.
The institutional investor, also known by its initials CDPQ, is buying $40 million worth of shares in the company, Neuvoo co-founder Maxime Droux said.
Droux didn’t say what percentage of Neuvoo’s equity was changing hands. CDPQ said its investment is made through a fund launched earlier this year to take advantage of growth in firms that use this technology to develop their products.