Luge Capital announced today the closing of $96 million for its second fintech-focused fund, Luge Capital Fund II. This brings the firm’s total assets under management to over $180 million across two funds. The new capital comes from investors like Venture Ontario, Alberta Enterprise Corporation, and AAF Management, building on previous backing from CDPQ, Desjardins, and BDC Capital.
Luge Capital will continue to focus on early-stage fintech startups in Canada and the US. The firm has already made four investments from the second fund, including Montreal-based inscora. More investments are expected to be revealed soon.
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