Flare Systems raises $1 mln in seed financing led by Luge Capital
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.
17 October 2019•4 mins read
