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Luge Capital receives a$75 Million financing



11 June 2018 11:30

Photo : Freepik

Luge Capital, the venture capital fund that aims for fintech start-ups and solutions of artificial intelligence in the financial services sector, has concluded a financing round of $ 75 million ($M). This funding will allow him to start his activities.

The Caisse de dépôt et placement du Québec and Desjardins group had contributed$ 50 Million last fall. The Sun Life Financial, the Solidarity Fund QFL and The Capital participated in this round.

Toboggan invests in solutions aimed at improving the customer experience, increase the efficiency of financial institutions and put in place methods of decision-making based on data and artificial intelligence. Thus, the company offers start-up financing and series ranging from $ 250,000 to$ 2 Million. It also plans to increase its fund to$ 100 Million over the next few months.

“We created this partnership with institutions of international repute, whose knowledge of the sector and the resources we will help entrepreneurs to build their business. In addition, companies in the artificial intelligence and innovative will have the opportunity to work with our investors and take advantage of their knowledge in order to develop the best solutions, ” says David Nault, co-founder and partner at the montreal office of Luge Capital.

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