Canadian fintech fund launches with $75m

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Luge Capital, a Canadian fintech venture capital fund with a focus on AI, has opened for business after securing a $75 million investment pot from several Quebec-based financial institutions.

Luge was set up late last year, with Quebec-based credit union association Desjardins Group and local pension fund la Caisse both committing $25 million to the venture.

Sun Life Financial, the Fonds de Solidarité FTQ and La Capitale have all now added their backing to the fund, bringing it to $75 million, with

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