Deals
Canadian Pension Fund CDPQ Buys Stake in Jobs Website Neuvoo
- CDPQ spends $40 million for minority equity stake in Neuvoo
- Deal marks CDPQ’s latest investment in artificial intelligence
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Caisse de Depot et Placement du Quebec 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 C$53 million ($40 million) worth of shares in the company, Neuvoo co-founder Maxime Droux said in a phone interview on Tuesday.