How many investments has Luge Capital made?

Luge Capital has 27 tracked investments, 1 of which have exited via acquisition or IPO, including 3 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, Harvest Venture Partners, among 25 tracked co-investors.

Luge Capital

Venture capitaloperating company · company profile

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

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Find your way into Luge Capital

1,456 people in our graph share verified history with the Luge Capital team — schools, employers, funds. One of them is your warm intro.

Tobi Cokerunlockedknows Karim Gillani · together at Kauffman Fellows (overlapped)

×5knows the team · via Kauffman Fellows

knows the team · via Concordia University

×2knows the team · via University of London

knows the team · via Upper Canada College

knows the team · via VC Platform

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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.

Stage

Pre-Seed–Series A

Montreal, QC, CA

Leads rounds

Follows

Instruments

Equity

Founded

2018

Last 12 months

2 investments

AUM

$178M

Tracked investments

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.

d•••@luge.vcreveal

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.

k•••@luge.vcreveal

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.

l•••@luge.vcreveal

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.

k•••@luge.vcreveal

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.

r•••@luge.vcreveal

What they invest in

from 13 of 31 portfolio companies

Fintech ×8Enterprise Software ×7SaaS ×7AI & Machine Learning ×5Developer Tools ×3Data & Infrastructure ×2InsurTech ×2PropTech ×2

HQs:United States×5Canada×4Germany×1

Who they back

founder profiles across 8 portfolio companies

75%

solo founders

6 of 8 mapped founding teams

Founding team size:solo founder×62 founders×13 founders×1

Investments · 31 tracked

founders shown can be your intro path

By year:2025 · 4 2023 · 1 2022 · 3 2019 · 210 dated

Aya Payments

The new way to pay for health and wellness.

Best Eggbestegg.com in 𝕏Acquired

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 Lightspeed Venture Partners

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)inCarlos Garcia(Chief Operating Officer)in

Co-investorsMistral Venture Partners Revel Partners Uncorrelated Ventures 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-investorsGolden Ventures Harvest Venture Partners Panache Ventures

Deck

Making data universally usable.

Emma

The fast and simple way to buy life insurance.

Finaeofinaeo.com

Flare Systems

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

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

Foxquiltfoxquilt.com

Co-investorsExtreme Venture Partners Extreme Venture Partners LLP

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)inJeanne Williams(COO)in

Co-investorsE2MC Ventures Suffolk Technologies

HonestDoor

Real estate property data and pricing.

Inscora

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

Key Living

Start building home equity years sooner with Key.

Loop Financial

Banking designed to help your business grow globally.

MarutAI

MarutAI empowers organizations to harness artificial intelligence with simplicity, security, and precision.

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)Jon Mendes(Co-founder, Product & Design)Jan Jedrasik(Co-founder, Engineering)

Co-investorsGraphite Ventures Motley Fool Ventures Antler BoxOne Ventures Brightspark Ventures Ripple Ventures

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)in

Co-investorsGolden Ventures Panache Ventures 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)inAmar Ahluwalia(Chief Executive Officer)in

Co-investorsAAF Management Ltd.Harvest Venture Partners NAventures OMERS Ventures Panache Ventures Salesforce Ventures +5 more

Optionality

Owl.co

Plootoplooto.co inDec 2022 · $20M

Plooto provides a payment platform for accounting firms and their SMB clients to manage accounts payable, accounts receivable, and international payments with automated workflows and integration with accounting software.

Enterprise SoftwareFintechSaaS

Co-investorsCentana Growth Partners Golden Ventures FINTOP Capital ScaleUP Ventures

Plootoplooto.com inDec 2022 · $20M

Plooto is a payments platform for accounting firms and their SMB clients that handles accounts payable, accounts receivable, and international payments with automated approval workflows and two-way sync to existing accounting software.

Enterprise SoftwareFintechSaaS

Co-investorsFINTOP Capital Venture Ontario Centana Growth Partners

ProNavigatorpronavigator.ai in 𝕏Acquired

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

Co-investorsGraphite Ventures GreenSky Ventures Tactico

Senso

Enables financial institutions to empower consumers with contextual and connected experiences which increase conversion and profitability.

Till Financial in 𝕏Nov 2019

Collaborative family banking that lets teens control their finances so you don't have to.

Nantucket, US

Taylor James Burton(Director)Thomas John Pincince(Executive Officer, Director)

BoardGuaray Jain(Director)

Co-investorsAfore Capital Bantam Group Magnify Ventures Elysian Park Ventures Lightspeed Venture Partners

tiptap

Small, standalone payment receiver, accepting touchless payments and donations.

Cambridge, US

Thomas Tivnan(Executive Officer, Director)Daniel Cudgma(Executive Officer, Director)

BoardFrank Slaughter(Director)Roger Marino(Director)

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)inSven Adlung(Founder)inPatrick Baber(Founder)inNick Hirche(Founder)inTimo Isik(Founder)inSebastian Schrama(Founder)in

Co-investorsY Combinator York Angel Investors Inc.

Velix

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

Westhillwesthillglobal.com

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

BoardJonathan Kalman(Director)James Tootell(Director)William Breslin(Director)

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

XclaimDec 2019

A digital marketplace to trade bankruptcy claims as a modern asset class.

Los Angeles, US

Matthew Sedigh(Executive Officer, Director)

BoardStuart Posin(Director)Bill Trenchard(Director)in

Co-investorsFirst Round Capital

Portfolio news

latest coverage across their companies

Earnings call transcript: Guidewire beats Q4 2026 estimates, but shares sink By Investing.com

ProNavigator · investing.com · Sep 3, 2026

Grow a Chicken Fighter Best Egg – Gamezebo

Best Egg · gamezebo.com · Aug 17, 2026

Tiptap Competitive Intelligence & Landscape | ForesightIQ

tiptap · foresightiq.co · Jul 30, 2026

Cybrid raises $10 million to advance stablecoin payment infrastructure | Trade Treasury Payments

Cybrid · tradetreasurypayments.com · Jul 20, 2026

Tiptap Competitive Intelligence & Landscape | ForesightIQ

Tiptap · foresightiq.co · Jun 30, 2026

Western & Southern expands into family banking with Till Financial acquisition

Till Financial · coverager.com · Apr 28, 2026

Deck Raises $12M Series A to Open the Web's Data | Deck Blog

Flinks · deck.co · Feb 27, 2026

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

Mycroft · betakit.com · Feb 19, 2026

Frequently asked questions

How many investments has Luge Capital made?: Luge Capital has 27 tracked investments, 1 of which have exited via acquisition or IPO, including 3 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, Harvest Venture Partners, among 25 tracked co-investors.

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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