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Luge Capital

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Overview

Luge Capital is a venture capital firm based in Montreal, Canada, that invests in early-stage fintech and AI-applied-to-financial-services companies in Canada and the United States.124 It targets Seed and Series A stages and has raised multiple funds with backing from institutional investors including BDC Capital, CDPQ, Desjardins, Sun Life, iA, Fonds de solidarité FTQ, and iNovia.32

History

Founded in 2018 by co-founders David Nault and Karim Gillani, Luge Capital closed its first fund in October 2019 and Fund I received investment from BDC Capital in 2020.42 In September 2023, it announced closing $71 million of its $100 million target for Luge Capital Fund II, with participation from existing and new limited partners.3 Fund II fully closed in September 2024.4

Sources (6)
  1. https://www.luge.vc
  2. https://www.bdc.ca/en/bdc-capital/venture-capital/portfolio/luge-capital
  3. https://www.osler.com/en/about-us/representative-work/luge-capital-inc/
  4. https://www.privateequityinternational.com/institution-profiles/luge-capital.html
  5. https://www.luge.vc/about-us/
  6. https://www.luge.vc/portfolio/