Luge Capital fund brings on BDC, iA as limited partners

Montreal’s Luge Capital is announcing $10 million in new funding coming from iA Financial Group and BDC Capital, bringing the size of the venture fund to $85 million.

Luge works with early-stage companies and financial institutions to help build financial service companies. In June 2018 the fund was worth $75 million. The fund has also taken investment money from Desjardins, CDPQ, Sun Life Financial, La Capitale and Fonds de solidarité FTQ.

“We believe David Nault and Karim Gillani have the potential to build a strong franchise here, and we particularly like that they’ve brought in institutional investors that are new to venture capital,” said Jérôme Nycz, Executive Vice President, BDC Capital.

“Our portfolio companies actively engage with our fund investors, trade ideas on industry trends, and work towards commercial partnerships,” added Karim Gillani Co-Founder and General Partner at Luge Capital and former Corporate Development executive at PayPal. “The backing of iA Financial Group and BDC Capital strengthens our value as venture investors, and better positions Luge to support globally minded entrepreneurs.”

“Our investors, network of financial institutions and experienced team help us help companies. Over the last year, we’ve developed a collaboration playbook for early stage fintech companies to work with financial institutions and it’s proving to work well,” said David Nault, Co-Founder and General Partner at Luge Capital. “The addition of iA Financial Group and BDC Capital to the Luge investor base allows us to expand our reach and deepen our ties to industry leaders.”

Photo by Eva Blue


Add yours
  1. 2
  2. 4

    Fantastic goods from you, man. I have understand your stuff previous to and
    you are just too excellent. I actually like what you’ve acquired here, certainly like what
    you’re saying and the way in which you say it.

    You make it entertaining and you still care for to keep it smart.
    I cant wait to read much more from you. This is actually a wonderful website.

  3. 8
    ps4 games

    Hi would you mind sharing which blog platform you’re using?
    I’m looking to start my own blog soon but I’m having a
    difficult time deciding between BlogEngine/Wordpress/B2evolution and
    Drupal. The reason I ask is because your layout
    seems different then most blogs and I’m looking for
    something unique. P.S My apologies for getting off-topic but I had to ask!

  4. 9
    Hair Styles

    Hi there! This is kind of off topic but I need some help from an established blog. Is it difficult to set up your own blog? I’m not very techincal but I can figure things out pretty quick. I’m thinking about making my own but I’m not sure where to start. Do you have any ideas or suggestions? Appreciate it

  5. 10
    Black Hairstyles

    Very good blog! Do you have any helpful hints for aspiring writers? I’m hoping to start my own blog soon but I’m a little lost on everything. Would you advise starting with a free platform like WordPress or go for a paid option? There are so many options out there that I’m completely overwhelmed .. Any tips? Kudos!

  6. 12
    ps4 games

    You’re so awesome! I do not think I have read through anything
    like that before. So wonderful to find somebody with some genuine thoughts on this
    topic. Really.. thank you for starting this up.
    This site is one thing that is needed on the web,
    someone with a little originality!

+ Leave a Comment