Fund profile / Canada

Luge Capital Fund II

Geography: Canada
Stage: Pre-Seed
Fund size: C$96M
Focus: SaaS
Signals: Published

N°01 / About

About Luge Capital Fund II

Luge Capital Fund II is a venture capital firm based in Canada, focusing on Pre-Seed stage investments. The fund actively supports founders building innovative solutions in SaaS, providing strategic guidance and capital to help startups scale.

N°02 / Thesis

Investment Focus

Location / RegionCanada

Funding StagePre-Seed

Industry Focus

SaaS

Investor Signals Profile

active

Sweet Spot

Early-stage fintech founder building defensible moats Canada

fintech

early-stage

Canada + US

financial services

social impact

defensible business models

Bullish Signals

50+ yrs team operational expertiseexternal

Backed by major financial institution LPsexternal

Hands-on partner access for foundersexternal

Portfolio exit: Till Financial acquiredlinkedin

Exit to major financial group (W&S)linkedin

Active $100K fintech grant competition judgingexternal

15-year Startupfest ecosystem engagement trackexternal

Recent: Padder rental access winner judginglinkedin

Values business fundamentals + social impact blendlinkedin

$25K non-dilutive grant + visibility Sept 2026external

Direct access to senior financial institution leadersexternal

Curated ecosystem access for top 10 fintechsexternal

Kevin Swan mentors on exit strategy TechExit.iosocial

Partners with Scotiabank on enterprise valuesocial

Active Montreal fintech ecosystem partner 2024social

Synechron partnership: close LP + founder networksocial

Contrarian Signals

Fintech-only — narrow vertical focusexternal

LP banks may slow contrarian betsexternal

Founder Do's

Challenge financial industry status quo

Solve real global-scale problems

Show grit & execution mindset

Expect hands-on operational support

Leverage LP network (banks/institutions)

Build solutions with social impact

Tackle accessibility/inclusion in finance

Pitch at Canada Fintech Forum Sept 15

Build strong moat around product/data/customers

Focus on enterprise value defensibility

Engage Montreal fintech ecosystem actively

Founder Don'ts

Non-fintech verticals — hard no

Late-stage — too early fit

Avoid if solo, no ambition signal

36 signals on Luge Capital Fund II

16 bullish · 2 contrarian · 11 pitch do's · 3 don'ts · 4 GP profiles, each with its source. From €9/month, cancel anytime.

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Facts

Fund Overview

Fund SizeC$96M

Saves0

Website

People

Key People

David Nault

David NaultPartner

Kevin SwanPartner

Simon DandavinoPartner

Camille LabatTeam

N°04 / See also

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