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Nov 10, 2025 12:10 PM

Intrepid Growth Partners Leads CoLab's $72M Series C Financing

Intrepid leads investment in scaling another applied AI champion that is a leader in its category

Mark Shulgan, Intrepid Growth Partners co-founder and partner, joins CoLab's Board of Directors

ST. JOHN'S, Newfoundland and Labrador and TORONTO, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Intrepid Growth Partners today announced it is the lead investor in CoLab's $72M Series C financing. Based in St. John's, NL, CoLab is the AI operating system for modern product development, enabling engineering teams to share and review designs and to make better engineering decisions. Intrepid is joined by Insight Partners and Y Combinator.

"Today's news increases CoLab's already-strong momentum in the engineering design review space. After 47,000 engineers joined the waitlist for our first AI agent, launched this summer, we knew it was time to double down on the momentum," said Adam Keating, CEO and co-founder of CoLab. "While we received several strong offers to lead this financing round, Intrepid brings a stand-out collective track record and their focus on supporting the next generation of AI market leaders is highly aligned with our vision."

"Our thesis is that we are at the early stages of rearchitecting every industry predicated on the thoughtful application of machine intelligence. CoLab is a fantastic example of ...

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