Luge Capital

Luge Capital is a venture capital firm established in 2018 and headquartered in Montreal, Canada, with an additional office in Ontario. The firm specializes in early-stage investments, primarily focusing on the fintech sector and the application of artificial intelligence in financial services. Luge Capital targets companies in North America, particularly Canada and the United States, and typically invests between CAD 0.15 million and CAD 2 million. The firm seeks to partner with talented founders who are dedicated to improving customer experiences, enhancing operational efficiency for financial institutions, and utilizing data-driven decision-making. By leveraging its extensive network and industry insights, Luge Capital aims to support entrepreneurs in building successful, world-class companies.

Karim Gillani

Co-Founder and General Partner

Laviva Mazhar

Principal

26 past transactions

Flare

Series A in 2022
Flare Systems Inc is a cybersecurity company based in Montreal, Canada, established in 2017. It specializes in developing tools designed to assist financial institutions and other organizations in safeguarding their data from cyber threats. The company offers a dark net monitoring system that provides valuable intelligence to information security and fraud management teams at banks. By aggregating data from various sources, including stolen information broadcasts, private forum discussions, chat posts, and cryptocurrency transactions, Flare combines this information with criminological research to deliver actionable insights. Its platform effectively monitors activities across various threat landscapes, enabling teams to connect the chains of attack related to phishing, money laundering, and other fraudulent activities, thus helping to prevent costly data breaches before they occur.

Emma

Series A in 2022
Emma is an online insurance platform that aims to simplify and expedite the life insurance purchasing process. By leveraging innovative technologies alongside insurance expertise, Emma offers a personalized and fully online experience for clients seeking various insurance solutions. The platform provides a range of services, including term life insurance, child protection, death benefits, as well as car, home, and pet insurance. This approach allows clients to obtain suitable family coverage efficiently and affordably, making essential insurance products more accessible to a broader audience.

Cybrid

Seed Round in 2022
Cybrid is a developer of a cryptocurrency banking platform that enables banks and financial institutions to easily launch cryptocurrency and decentralized finance (DeFi) products. The company's platform utilizes APIs and cloud-based software, allowing clients to send and settle funds globally. This technology can be deployed quickly, which reduces the significant investments typically required for technology, legal, operations, and compliance. As a result, Cybrid's solutions empower financial institutions to introduce a variety of financial features with minimal initial investment.

HonestDoor

Seed Round in 2022
HonestDoor Inc. is a Canadian company based in Edmonton that operates a real estate website designed to facilitate the buying and selling of properties. Incorporated in 2017, the platform leverages big data, machine learning, and predictive analytics to enhance transparency in the real estate market. It provides users with access to critical information such as real estate selling prices, neighborhood growth rates, annual property taxes, permit data, and transaction history. By employing a machine learning valuation model, HonestDoor offers daily updated price estimates for each property, enabling buyers and sellers to transact with confidence and avoid the risks of overpricing or underpricing their homes.

Key

Seed Round in 2022
At Key, we're creating a world where real estate is a source of prosperity and freedom for everyone. Our patent-pending approach makes urban living possible again, free from the burdens of commuting, cost-prohibitive down payments, and the inflexibility that comes with a 25-year mortgage.

Owl.co

Series B in 2021
Owl Technologies Inc. provides data aggregation solutions for banks and insurers. It offers an artificial intelligence-enabled process automation solution that deals with sensitive data to complete sales and improve customer service for various products of the financial institutions. The company was founded in 2017 and is based in Vancouver, Canada.

Foxquilt

Series A in 2021
Foxquilt Inc. develops and operates an insurance platform that connects consumers and insurance carriers. It helps individuals and small businesses to join social groups with similar needs to save on upfront premiums, reduce deductibles, and get rewarded with further savings at renewal while purchasing home, small business, and auto insurance online. The company serves contractors, retail and electronic commerce, distributors and wholesalers, manufacturers, media and entertainment, healthcare and allied professionals, professionals, tech companies, and entrepreneurs. The company was incorporated in 2016 and is based in Toronto, Canada.

Xclaim

Seed Round in 2021
Xclaim Inc. operates an electronic platform focused on bankruptcy claims, enhancing the efficiency and transparency of illiquid markets. Established in 2018 and based in Los Angeles, California, the company offers XCLAIM, which provides users with tools for sourcing claims, facilitating electronic trading, and managing direct transfers of trading data. The platform allows clients to track portfolios and explore out-of-court settlement opportunities, enabling them to liquidate shares with minimal effort. By centralizing access to buyer competition and offering controls for negotiation, Xclaim aims to help clients mitigate risks and address existing inefficiencies in the marketplace.

Till Financial

Venture Round in 2021
Till Financial, Inc. is a company based in Nantucket, Massachusetts, that specializes in providing a digital financial management platform aimed at empowering children to manage their finances. Founded in 2018, the platform enables kids to monitor their spending, savings, and investments independently. It offers personalized guidance to help families instill effective money-saving habits in their children. Through its user-friendly interface, Till Financial facilitates a collaborative approach to financial literacy, equipping young users with the tools they need to develop responsible financial behaviors.

Plooto

Series A in 2021
Plooto, Inc. is a Toronto-based company that operates a cloud-based payments platform designed for small and medium-sized businesses. Founded in 2015, Plooto's platform simplifies the payment process by allowing users to send and receive payments online efficiently. It enables businesses to make payments to any recipient with an active bank account within 2-3 business days. Additionally, Plooto automates transaction reconciliation with popular accounting software, streamlining financial operations for its users.

Livescale

Seed Round in 2021
Through their multicloud SaaS platform, Livescale allows to create LiveShopping events on any web environment, providing live video streaming, engagement modules (chat/quizz/survey/...) and instant checkout, directly connected to your eCommerce platform. Get data, audience ownership & improved revenues by creating personal, authentic & experiential livestreaming events.

Livescale

Seed Round in 2021
Through their multicloud SaaS platform, Livescale allows to create LiveShopping events on any web environment, providing live video streaming, engagement modules (chat/quizz/survey/...) and instant checkout, directly connected to your eCommerce platform. Get data, audience ownership & improved revenues by creating personal, authentic & experiential livestreaming events.

Aya

Seed Round in 2020
Aya Payments, Inc. is a healthcare fintech company based in Toronto, Canada, founded in 2018. The company specializes in developing innovative healthcare spending solutions designed to administer health benefits and adjudicate claims. Its offerings include novaHSA, a platform that enables users to access, manage, and monitor healthcare costs, and Dynamic Ledgering, which provides a range of financial products including payment, deposit, lending, and investment solutions tailored for fintech companies. Aya Payments primarily serves employees and their dependents, aiming to enhance the efficiency and effectiveness of healthcare financial management.

Owl.co

Series A in 2020
Owl Technologies Inc. provides data aggregation solutions for banks and insurers. It offers an artificial intelligence-enabled process automation solution that deals with sensitive data to complete sales and improve customer service for various products of the financial institutions. The company was founded in 2017 and is based in Vancouver, Canada.

ProNavigator

Venture Round in 2020
ProNavigator provides an AI-driven knowledge-sharing platform, used by some of the largest insurance organizations, to save time, provide superior service, and seize revenue opportunities. The platform leverages advancements in artificial intelligence and natural language understanding to instantly and automatically retrieve answers to customers' and employees' questions.

Senso.ai

Seed Round in 2020
Senso.ai Inc. is a fintech company based in Toronto, Canada, founded in 2017. It offers a cloud-based predictive portfolio management platform tailored for the retail banking sector. The platform utilizes artificial intelligence to enhance client relationships by providing financial institutions with actionable recommendations. Senso.ai's technology supports end-to-end customer acquisition and discharge prevention by identifying key moments when advisors should engage with customers regarding their banking needs. Additionally, the platform empowers mortgage marketers by leveraging predictive AI to access both first and third-party intent data, allowing for personalized marketing campaigns that improve approval rates, profitability, and borrower satisfaction.

Flinks

Series A in 2020
Flinks Technology Inc. is a financial data aggregator based in Montreal, Canada, founded in 2016. The company provides solutions that enable businesses to connect their users' bank accounts, allowing access to critical financial data such as account balances and transaction histories. Flinks offers a hosted application programming interface (API) that facilitates the integration of banking information with mobile applications, helping companies enrich their data and deliver enhanced financial products. The platform not only validates account ownership but also ensures compliance in handling sensitive information. Trusted by numerous leading companies, Flinks aims to simplify online transactions and empower businesses to better serve their customers through improved data utilization.

Till Financial

Seed Round in 2019
Till Financial, Inc. is a company based in Nantucket, Massachusetts, that specializes in providing a digital financial management platform aimed at empowering children to manage their finances. Founded in 2018, the platform enables kids to monitor their spending, savings, and investments independently. It offers personalized guidance to help families instill effective money-saving habits in their children. Through its user-friendly interface, Till Financial facilitates a collaborative approach to financial literacy, equipping young users with the tools they need to develop responsible financial behaviors.

Flare

Seed Round in 2019
Flare Systems Inc is a cybersecurity company based in Montreal, Canada, established in 2017. It specializes in developing tools designed to assist financial institutions and other organizations in safeguarding their data from cyber threats. The company offers a dark net monitoring system that provides valuable intelligence to information security and fraud management teams at banks. By aggregating data from various sources, including stolen information broadcasts, private forum discussions, chat posts, and cryptocurrency transactions, Flare combines this information with criminological research to deliver actionable insights. Its platform effectively monitors activities across various threat landscapes, enabling teams to connect the chains of attack related to phishing, money laundering, and other fraudulent activities, thus helping to prevent costly data breaches before they occur.

Owl.co

Seed Round in 2019
Owl Technologies Inc. provides data aggregation solutions for banks and insurers. It offers an artificial intelligence-enabled process automation solution that deals with sensitive data to complete sales and improve customer service for various products of the financial institutions. The company was founded in 2017 and is based in Vancouver, Canada.

Finaeo

Seed Round in 2019
Finaeo Inc. is a Canadian company founded in 2016, specializing in digital solutions for the life and health insurance industry. It develops applications that function as digital assistants and sales coaches for financial advisors, enabling users to manage documents, track tasks, answer inquiries, and schedule meetings. Finaeo operates a digital marketplace that connects independent life insurance brokers with carriers and clients, facilitating a fully integrated experience. The platform aims to enhance efficiency in policy fulfillment and streamline distribution processes, thereby empowering brokers to optimize their operations. Finaeo's offerings are accessible to users on both iOS and Android devices.

Aya

Seed Round in 2019
Aya Payments, Inc. is a healthcare fintech company based in Toronto, Canada, founded in 2018. The company specializes in developing innovative healthcare spending solutions designed to administer health benefits and adjudicate claims. Its offerings include novaHSA, a platform that enables users to access, manage, and monitor healthcare costs, and Dynamic Ledgering, which provides a range of financial products including payment, deposit, lending, and investment solutions tailored for fintech companies. Aya Payments primarily serves employees and their dependents, aiming to enhance the efficiency and effectiveness of healthcare financial management.

Flinks

Seed Round in 2018
Flinks Technology Inc. is a financial data aggregator based in Montreal, Canada, founded in 2016. The company provides solutions that enable businesses to connect their users' bank accounts, allowing access to critical financial data such as account balances and transaction histories. Flinks offers a hosted application programming interface (API) that facilitates the integration of banking information with mobile applications, helping companies enrich their data and deliver enhanced financial products. The platform not only validates account ownership but also ensures compliance in handling sensitive information. Trusted by numerous leading companies, Flinks aims to simplify online transactions and empower businesses to better serve their customers through improved data utilization.

TipTap

Seed Round in 2018
TipTap came to us with the idea to build an app for fairer tipping for waiting staff.
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