Luge Capital raises $85M to invest in Canadian fintech startups

Luge Capital raises $85M to invest in Canadian fintech startups

5 years ago
Anonymous $xdcOWPpsb_

https://techcrunch.com/2019/10/21/luge-capital-raises-85m-to-invest-in-canadian-fintech-startups/

There are 831 financial technology startups headquartered in or operating in Canada, according to data collected by Fintech Growth Syndicate, yet only a handful of venture capital funds specializing in the region and sector.

Luge Capital, a fintech and AI-focused venture capital fund headquartered in Montreal and Toronto, is looking to close that gap. The firm has raised $85 million for its debut fund and plans to make seed investments as small as $150,000 and as large as $2 million.

Luge Capital raises $85M to invest in Canadian fintech startups

Oct 22, 2019, 5:18am UTC
https://techcrunch.com/2019/10/21/luge-capital-raises-85m-to-invest-in-canadian-fintech-startups/ > There are 831 financial technology startups headquartered in or operating in Canada, according to data collected by Fintech Growth Syndicate, yet only a handful of venture capital funds specializing in the region and sector. > Luge Capital, a fintech and AI-focused venture capital fund headquartered in Montreal and Toronto, is looking to close that gap. The firm has raised $85 million for its debut fund and plans to make seed investments as small as $150,000 and as large as $2 million.