该基金报告显示，最初募集资金的5000万美元由魁北克投资集团（CDPQ）和基金主要投资者之一Desjardins集团于2017年10月宣布。 Sun Life Financial，Fonds de Solidarité FTQ和La Capitale也是重要的参与者。
Luge Capital, a new venture capital fund specifically focused on early-stage fintech companies and artificial intelligence (AI) solutions applied to financial services, announced on Monday it has completed a $75 million round of financing to begin operations. The fund reported that Initially, $50 million of the raised capital was announced in October 2017 by the Caisse de dép?t et placement du Québec (CDPQ) and Desjardins Group, two of the fund’s major investors. Sun Life Financial, the Fonds de Solidarité FTQ, and La Capitale are also significant participants.
Founded earlier this year, Luge Capital’s objective is to develop young innovative companies to build “best-of-breed” financial services. The fund reported that it will support the development of innovative solutions that improve customer experiences, enhance efficiency for financial institutions and implements data-driven methods and artificial intelligence for decision-making. Luge capital noted its ill concentrate on Seed and Series A financing, with initial investments ranging between $250,000 and $2 million.
Luge went on to add that it plans to expand the fund even further up to $100 million in the coming months.