Luge Capital has secured an impressive $71 million in the first phase of its second fund, Luge Capital Fund II. Their target is to reach a fund size of $100 million.
The fund’s LPs for this round comprise notable investors like CDPQ, Desjardins, and Sun Life. Fund II aims to invest in early-stage fintech startups across North America, with slightly larger initial investments compared to their first fund.
Expanding its investment thesis, Luge will now include verticalized fintech startups and those with a focus on environmental, social, and governance (ESG) aspects.
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