How many investments has Luge Capital made?

Luge Capital has 29 tracked investments, 3 of which have exited, including 5 dated in the last 24 months.

What stage does Luge Capital invest at?

Luge Capital invests at the Pre-Seed, Seed, Series A stages.

What sectors does Luge Capital focus on?

Luge Capital focuses on AI & Machine Learning, Fintech, InsurTech.

Where is Luge Capital located?

Luge Capital is headquartered in Montreal, CA.

Does Luge Capital lead rounds?

Luge Capital typically participates in rounds rather than leading them.

Who does Luge Capital co-invest with?

Luge Capital most often shares deals with Panache Ventures, Golden Ventures, FJ Labs, among 45 tracked co-investors.

What size deals does Luge Capital back?

Across 8 deals with disclosed amounts, Luge Capital has joined rounds of $2M – $20M (median $10.7M).

Luge Capital

Venture capitaloperating company · company profile

Montreal · Pre-Seed–Series A · 7 people tracked

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Investment thesis

Luge Capital invests in fintech companies at the Seed and Series A stages, aiming to help founders build global fintech champions. The firm prefers to get involved early, when outcomes are uncertain, and commits for the long term. It looks for passionate, resilient, and ambitious teams that challenge conventions in financial services and possess unique insight and an unfair advantage in a global market. Drawing on its own experience as founders, operators, and investors, the firm emphasizes respect, transparency, and empathy. It leverages a network of financial institutions and strategic LPs who can become customers, partners, advisors, co-investors, or acquirers for portfolio companies.

Invests inAI & Machine Learning Fintech InsurTech Canada Global Montreal North America United States

Source: firm website, verified Aug 7, 2026.

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Stage

Pre-Seed–Series A

Montreal, QC, CA

Leads rounds

Follows

Instruments

Equity

Founded

2018

Last 12 months

2 investments

AUM

$178M

Tracked investments

Acquisitions

Team · 7 people

from the firm's website

David Nault· General Partner· Montrealin 𝕏

Co-founder and General Partner of Luge Capital, a fintech-focused fund. Has over 25 years of experience building early-stage technology companies as an investor, founder, and senior executive. Holds a Bachelor of Commerce (marketing major, finance minor) from Concordia University in Montreal.

david@luge.vc

Karim Gillani· General Partner· Canadain 𝕏

Co-founder and General Partner of Luge Capital, a fintech-focused fund. Previously led venture investments and M&A for PayPal in Canada and established the corporate development practice at Xoom (which had a NASDAQ IPO and was acquired by PayPal for $1.1B). Holds engineering, finance, and law degrees.

karim@luge.vc

Laviva Mazhar· Directrice· Montrealin 𝕏

Laviva Mazhar is a director at Luge Capital, where she helped launch the firm alongside its co-founders. Previously, she was an investor and operator at Ferst Capital Partners, where she supported the creation and growth of multiple fintech portfolio companies, working closely with founders from ideation through commercial launch while navigating regulatory challenges and driving early adoption.

laviva@luge.vc

Anne-Sophie Gauvin· Responsable des communications et de l’administration· Montreal, Quebec, Canadain

Anne-Sophie Gauvin leads communications and administration at Luge Capital, overseeing internal and external communication, event organization, and operations. Her background spans project management, digital strategy, and collaborative education; she co-created Design 1o1, a series of MOOCs followed by over 40,000 students. She holds a master's degree in communication–digital direction from the Royal College of Art in London.

Ha Duong· Vice-président, finances et opérations· Canadain

Ha Duong is vice-president of finance and operations at Luge Capital, where he oversees strategic financial planning, operational management, and compliance. Previously, he served as director of finance at Georgian, a growth venture capital firm, with over ten years of experience managing financial operations, and earlier held roles as senior accounting manager at InvestEco Capital Corp and as an associate at PricewaterhouseCoopers LLP. He holds an honours bachelor of business administration from the Richard Ivey School of Business at Western University.

Khrystyna Penyk· Investment Associate· Canadain

Khrystyna is an Investment Associate at Luge Capital, where she sources deals, supports due diligence, handles transactional matters, and assists portfolio companies. She previously served as in-house legal counsel at Genesis and Flyer One Ventures, and worked as an M&A and private capital lawyer at Baker McKenzie in Kyiv. She holds a Law degree from the National University of Kyiv-Mohyla Academy and an LLM in International Business Law from Central European University.

khrystyna@luge.vc

Rohan Monga· Associate· Montrealin

Rohan Monga is an Investment Associate at Luge Capital, where he sources deals, supports due diligence, handles transactional matters, and assists portfolio companies. He previously worked in VC at iGan Partners and held roles at Affirm, Mattermost, Loblaw Digital, and CIBC, and holds a Systems Design Engineering degree from the University of Waterloo.

rohan@luge.vc

What they invest in

from 15 of 29 portfolio companies

Fintech ×9Enterprise Software ×7AI & Machine Learning ×6SaaS ×6Data & Infrastructure ×3Developer Tools ×3PropTech ×3Crypto & Web3 ×2

HQs:Canada×6United States×4Germany×1

Who they back

founder profiles across 11 portfolio companies

45%

solo founders

5 of 11 mapped founding teams

62%

repeat founders

of 13 founders with career history

Founding team size:solo founder×52 founders×13 founders×24+ founders×3

Where their founders studiedfrom 10 founders with education data

Hochschule Mittweida ×3

What their founders studiedfrom 11 founders with field-of-study data

Economics ×4Computer Science ×3

Accelerator rootsportfolio companies that came through a program

Y Combinator ×2

Investments · 29 tracked

founders shown can be your intro path

By year:2026 · 1 2025 · 4 2023 · 2 2022 · 5 2021 · 1 2019 · 215 dated

Aya Paymentsayacare.com in

The new way to pay for health and wellness.

Co-investorsStand Up Ventures

Best Eggbestegg.com in 𝕏Apr 2021 · $5MAcquired

Modern infrastructure for personal loans and consumer finance

FintechWilmington, US

David Sullivan(Executive Officer, Director)inRyan Katz(Director)

Co-investorsMetaProp MetaProp Ventures NextGen Venture Partners Thirdstream Partners Afore Capital Alpine Meridian +4 more

Buckzybuckzy.net in 𝕏Dec 2022

Buckzy Payments enables real-time cross-border payment networks and banking-as-a-service through an embedded finance platform with over 200 APIs, serving financial institutions and fintechs globally.

Enterprise SoftwareFintechSaaS

Abdul K Naushad(President and CEO)in Carlos Garcia(Chief Operating Officer)in

Co-investorsMistral Venture Partners Uncorrelated Ventures Revel Partners blue 9 capital

Cybridcybrid.xyzOct 2025

Cybrid provides embedded compliance infrastructure including identity verification, transaction monitoring, and licensing coverage for payments and fintech platforms operating in North America.

Crypto & Web3Developer ToolsFintechCanada and United States, CA

Avinash(Co-founder & CEO)Brent(Co-founder & CTO)Michael Carrara(Co-founder & Engineer)in

Co-investorsBDC Growth Venture Fund Golden Ventures Harvest Venture Partners Panache Ventures BDC Venture Capital

Flare Systemsflare.io in 𝕏Jun 2022 · $11.3M

Reduce digital risk and fraud by automating dark, deep and clear web monitoring, to deliver real-time actionable intelligence.

Alex Hooper(Founder)Colin Mierowsky(Founder)Daniel Cohen(Founder)Daniel Parekh-Hill(Founder)Israël Hallé(Founder)Jack Chen(Founder)

Co-investorsWhite Star Capital 20VC 4Di Capital ANOBAKA Base10 Partners Borderless Venture +9 more

Flinksflinks.io in

Flinks provides account funding and payment initiation solutions for financial institutions, enabling digital-first deposit management with real-time processing and risk-free transactions.

Cloud ComputingData & InfrastructureFintechSaaSToronto, CA

Julien D. Cousineau(Founder)in

Co-investorsInnoStart Capital Panache Ventures NAventures

Geolavageolava.com inFeb 2025

GeoLava develops spatial intelligence systems that use AI to perceive, understand, and predict the physical world across space and time.

AI & Machine LearningData & InfrastructureDeep TechPropTech

Hantz Févry(CEO)inPierre Mombeleur(CDO)in Jeanne Williams(COO)in

Co-investorsE2MC Ventures Suffolk Technologies

HonestDoorottocapgroup.comMar 2022 · $2.2M

Otto Capital is an investment firm that backs technology, blockchain startups, ICOs, and real estate ventures, aiming to build diversified portfolios.

Crypto & Web3PropTechEdmonton, CA

Co-investorsEdmonton Unlimited Bluesky Equities Ltd.Conconi Growth Partners Panache Ventures Startup TNT

Inscorainscora.com in

Automated cyber risk assessment and sales enablement solutions for cyber insurance brokers.

Key Livingkeyliving.com in 𝕏

Start building home equity years sooner with Key.

Mycroftmycroft.ioSep 2025 · $3.5M

Mycroft builds AI-based security and compliance officers that automate enterprise-grade security and compliance work for companies, consolidating multiple point solutions into a single platform.

AI & Machine LearningCybersecuritySaaS

Mike Kim(Co-founder, CEO)inJon Mendes(Co-founder, Product & Design)Jan Jedrasik(Co-founder, Engineering)in

Co-investorsAntler BoxOne Ventures Graphite Ventures Motley Fool Ventures Ventioneers Capital Brightspark Ventures +2 more

Nmbrnmbr.co in

Nmbr provides payroll infrastructure for Canadian businesses to launch or maintain their own payroll operations, leveraging simplified financial product technology designed by former HR and payroll software leaders.

Developer ToolsEnterprise SoftwareFintechHR TechSaaS

Simon Bourgeois(Founder)inDrew Millington(Founder)Kevin Langlois(Founder)

Co-investorsGolden Ventures Panache Ventures RBCx Motivate Venture Capital

OneVestonevest.com in 𝕏Jan 2025 · $20M

OneVest provides an AI-native operating system platform for wealth management that integrates fragmented legacy systems, enabling financial firms to operate with greater speed, control, and scale.

AI & Machine LearningEnterprise SoftwareFintechToronto, CA

Jakob Pizzera(Founder)in Amar Ahluwalia(Chief Executive Officer)in

Co-investorsAAF Management Ltd.Fin Capital FJ Labs Harvest Venture Partners NAventures OMERS Ventures +5 more

Plootoplooto.com inDec 2022 · $20M

Plooto is a B2B payment automation platform that centralizes accounts payable and receivable, including check payments, credit card acceptance, international payments, and automated invoice management and reconciliation.

Enterprise SoftwareFintechSaaS

Co-investorsCentana Growth Partners Centana Partners FINTOP Capital FJ Labs Golden Ventures Venture Ontario +1 more

ProNavigatorpronavigator.ai in 𝕏Sep 2022 · $10MAcquired

ProNavigator is an AI-powered intelligent assistant embedded into property & casualty insurance workflows, providing real-time answers, recommendations, and guided actions for claims handlers and customer service representatives.

AI & Machine LearningEnterprise SoftwareInsurTech

Joseph D'Souza(Founder)in

Co-investorsGraphite Ventures GreenSky Ventures Innovation Grade Ventures Laurier Startup Fund Tactico Inovia Capital

Senso.aisenso.ai in 𝕏Seed

Senso builds infrastructure that acts as a verified-context layer for AI agents, enabling organizations to ensure that AI answers align with their actual ground truth.

AI & Machine LearningData & InfrastructureEnterprise SoftwareFintechToronto, CA

Saroop Bharwani(Founder)in Thomas Nelson(Founder)inAndy Tran(Product Manager)

Co-investorsMaiora Rebel Ventures Mendoza Ventures NEXT AI Rising Tide Techstars Y Combinator +7 more

Till Financialtillfinancial.io in 𝕏Nov 2019 · $5MAcquired

Till Financial offers a family banking app and Visa debit card for kids and teens, letting parents send money, automate allowance and chores, set spending controls, and track activity while kids set savings goals and learn money management.

ConsumerEdTechFintechNantucket, US

Taylor James Burton(Director)Thomas John Pincince(Executive Officer, Director)Brian Chemel(Founder)Taylor Burton(Founder)Tom Pincince(Founder)

BoardGuaray Jain(Director)

Co-investorsAfore Capital Alpine Meridian Bantam Group Magnify Ventures Elysian Park Ventures Lightspeed Venture Partners +2 more

Tiptaptiptap.dev in 𝕏Jul 2023

Tiptap is a headless, open-source editor framework that enables developers to build customized text editors with extensions for collaboration and AI capabilities.

AI & Machine LearningDeveloper ToolsEnterprise SoftwareBerlin, DE

Philip Isik(Founder)in Sven Adlung(Founder)in Patrick Baber(Founder)in Nick Hirche(Founder)in Timo Isik(Founder)in Sebastian Schrama(Founder)in

Co-investorsY Combinator Expa York Angel Investors Inc.

Velixtryvelix.comFeb 2026 · $2M

A financial operations platform purpose-built for the logistics industry.

Co-investorsStand Up Ventures Accelia Capital

Westhillwesthillglobal.comMay 2023 · $13.5M

Westhill operates a fully-digital managed repair platform that simplifies the home insurance claims process for homeowners, contractors, and carriers.

B2B MarketplacesInsurTechPropTechSaaSMarietta, US

Ronald Biagini(Executive Officer)George Jones(Executive Officer, Director)Larry Parker(Co-founder)in

Board Jonathan Kalman(Director)in James Tootell(Director)inWilliam Breslin(Director)

Co-investorsEos Venture Partners Limited Nyca Nyca Partners Service Provider Capital

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

DeckEmmaFinaeoFoxquiltLoop FinancialMarutAIOptionalityOwl.coXclaim

Portfolio news

latest coverage across their companies

How Mycroft scaled to over 100 customers without a playbook | BetaKit

Mycroft · betakit.com · Feb 19, 2026

Cybrid Raises $10M in Series A Funding

Cybrid · finsmes.com · Oct 22, 2025

Bidirectional Markdown Support for Tiptap

Tiptap · ycombinator.com · Oct 14, 2025

Frequently asked questions

How many investments has Luge Capital made?: Luge Capital has 29 tracked investments, 3 of which have exited, including 5 dated in the last 24 months.
What stage does Luge Capital invest at?: Luge Capital invests at the Pre-Seed, Seed, Series A stages.
What sectors does Luge Capital focus on?: Luge Capital focuses on AI & Machine Learning, Fintech, InsurTech.
Where is Luge Capital located?: Luge Capital is headquartered in Montreal, CA.
Does Luge Capital lead rounds?: Luge Capital typically participates in rounds rather than leading them.
Who does Luge Capital co-invest with?: Luge Capital most often shares deals with Panache Ventures, Golden Ventures, FJ Labs, among 45 tracked co-investors.
What size deals does Luge Capital back?: Across 8 deals with disclosed amounts, Luge Capital has joined rounds of $2M – $20M (median $10.7M).

Media · Podcasts & interviews

featuring the team

Canadian FinTech Landscape - 2018 Canada FinTech Forum - David Nault, Luge Capital

Finance Montréal · David Nault

Venture building with David Nault, General Partner @ Luge Capital

Amiral Ventures · David Nault

Images

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