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726 articles

Version One Ventures · Dec 18, 2024

Welcome to the V1 Refresh!

Every website needs a light refresh, if not a complete overhaul, every once in a while. And we’re no different. The last time we updated our website was back in 2018…a lot has changed since then! We launched a new thesis earlier this year: Backing mission-driven founders who are early in new areas. It’s only fitting that […]

Version One Ventures · Nov 11, 2024

Announcing our investment in Neo Financial, Canada’s leading challenger bank

At Version One, we typically focus on early-stage investments, though we occasionally make exceptions for standout opportunities—like Clio’s Series C and Coinbase’s Series D. These unique investments delivered exceptional returns for V1 and our investors. Today, we’re thrilled to share another investment that goes beyond our typical early-stage sweet spot. We’re investing in Neo Financial’s […]

Luge Capital · Oct 15, 2024

Backing Deck: Revolutionizing Access to Unstructured Data, Globally

Funding

By Karim Gillani & Khrystyna Penyk, October 15, 2024 After we backed Yves-Gabriel (“YG”) and Fred at Flinks, we’re excited to invest in their new company, Deck, a Montreal-based startup that is redefining how businesses access and manage user-permissioned data, such as utility information. With a seed round of $6.2 million from Luge Capital, Golden Ventures and Better Tomorrow Ventures, Deck is…

Version One Ventures · Oct 1, 2024

Q3 2024 Portfolio in Review

Funding

We hope everyone had a great summer and you’re off to a strong start on 2024’s final stretch. It’s always crazy how fast time flies, and this year is no exception. As you’ve come to expect on our blog, here’s a quick rundown of the highlights from the past few months. Q3 has been one […]

Luge Capital · Sep 24, 2024

Backing Nmbr: Transforming Payroll with Modern, Embedded Solutions

Funding

By Karim Gillani & Khrystyna Penyk, September 24, 2024 We are thrilled to announce our investment in Nmbr, a Toronto-based company that is revolutionizing payroll with its modern and scalable embedded payroll platform. We led this $7.6M seed round alongside Motivate Venture Capital, out of Chicago, with participation from Golden Ventures and Panache Ventures. Payroll is the largest expense item…

Luge Capital · Sep 17, 2024

Backing Loop Financial: Supporting Global Businesses

Funding

By David Nault, Laviva Mazhar & Rohan Monga, September 17, 2024 We’re investing in Loop Financial! Luge is excited to join a combination of new and existing investors including Mistral Venture Partners, Graphite Ventures, Wedbush Ventures, and Conconi Growth Partners in a $6.4M round of financing to equip Loop to help businesses grow globally. The explosive growth of cross-border commerce means…

Version One Ventures · Sep 10, 2024

Announcing our investment in Optimotive

Funding

We’re excited to announce our investment in Optimotive, having led the company’s $2m seed round with participation from Garage and NewLab. Optimotive is building a fleet of advanced autonomous robots for some of the toughest, extreme environments… picture the rocky, dusty, muddy and unpredictable conditions common in industries like construction, mining, and oil & gas. […]

Luge Capital · Sep 8, 2024

Luge Capital Closes CAD $96M to Invest in Emerging Fintech Companies

Funding

MONTREAL and TORONTO – September 9, 2024 — Luge Capital today announced the successful closing of $96 million for Luge Capital Fund II, the firm’s second fintech-focused fund. Luge previously announced a $71M first close of the fund, with backing from CDPQ, Desjardins, BDC Capital, Sun Life, Industrial Alliance Financial Group (iA), Fonds de solidarité FTQ and Inovia Discovery Fund I. New commi…

Luge Capital · Aug 5, 2024

Backing Inscora: A Bet on the Future of Cyber Insurance

By Laviva Mazhar & Rohan Monga, August 6, 2024 The process of buying cyber insurance for a business is no joke. At Luge, we experienced this first hand when shopping for our own cyber policy. Today, brokers are using PDF forms that rely on clients to answer a long list of questions that may or may not pertain to their businesses. Questions can be as granular as “how many unique personally ident…

Version One Ventures · Jul 18, 2024

Our considerations on robotics

If you’ve been reading our blog recently, you may have noticed that we updated our investment thesis and shared that deep tech is on our radar. We followed that post up with what deep tech means to us but since it is a broad category, we’ll be writing more on specific areas within deep tech […]

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