Luge Capital has secured a $10 million investment from Alberta Enterprise Corporation (AEC) to boost Alberta’s fintech sector. The funding, part of Luge’s $93-million Fund II, will support early-stage fintech startups with capital and industry connections. Luge, managing $180 million across two funds, has already invested in Edmonton-based HonestDoor and Calgary’s OneVest.
To strengthen its regional presence, Luge appointed Chelsea Gillett as Alberta’s full-time investment manager. General Partner David Nault emphasized Luge’s commitment to fostering Alberta’s fintech growth. AEC’s backing positions Alberta to become a major fintech hub in Canada.
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