2 min read · 23 October 2019
Luge Capital has raised additional resources for its debut early-stage financial technology venture capital fund, bringing it to a total size of $85 million. The new commitments came from iA Financial Group and BDC Capital, which join existing Luge investors Caisse de dépôt et placement du Québec, Desjardins Group, Sun Life Financial, Fonds de solidarité FTQ and La Capitale. Montréal- and Toronto-based Luge was founded last year by General Partners David Nault and Karim Gillani. It has to date led or co-led investments in Finaeo, Flare Systems, Flinks and Owl.co.
3 min read · 22 October 2019
2 min read · 21 October 2019
1 min read · 21 October 2019
3 min read · 18 October 2019
2 min read · 17 October 2019
Flare Systems, a Montréal-based dark-net intelligence platform focused on helping financial institutions prevent cyber-crimes, has raised $1 million in a seed-stage financing. The round was led by Luge Capital, a Canadian fintech venture capital firm. Also participating was White Star Capital. Founded in 2017, Flare Systems will use the round's proceeds to expand its roll-out in Canada and the United States, and further develop its suite of products. Luge last year raised an initial $75 million for its inaugural fund.
4 min read · 17 October 2019
2 min read · 16 October 2019
3 min read · 15 October 2019
City Wide Towing & Recovery Service Ltd, a Calgary-based provider of recovery services, has combined with ULS Maintenance & Landscaping Inc, a Rocky View, Alberta-based provider of snow and ice management, garbage collection, landscape maintenance and other services in Western Canada. Terms weren't disclosed. The companies said the deal creates one of Canada's largest municipal service businesses. Canadian mid-market private equity firm Signal Hill Equity Partners, which invested in City Wide in 2015, provided growth capital to support the merger.
3 min read · 09 October 2019
