# David Nault

> David Nault is a seed investor at Luge Capital (Montréal) backing Software and FinTech. See 26 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Luge Capital](https://shizune.co/investors/profile/luge-capital)
- Location: Montréal, Canada
- Total investments: 26
- Last investment: Aug 2024
- Lead investor: 62%
- Last updated: Aug 2026
- LinkedIn: http://www.linkedin.com/in/davidnault
- X (Twitter): http://twitter.com/VentureBuilder
- Website: https://x.com/VentureBuilder
- Facebook: http://www.facebook.com/david.nault.7

David Nault is a seed investor at Luge Capital in Montréal focused on Software and FinTech. David started his career at VIPswitch as President for a disruptive telecom technology for which he later helped raise $15 million to grow. Later, while Director of Business Development at Pivotal Payments, an emerging payment processor, he was part of growing the company from a few to over 60,000 customers, 400 employees and more than $8 billionin transaction volume. More recently, David was named President of Callio Technologies whose intellectual property was acquired by Bell Canada.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 5 | 19% |
| FinTech | 3 | 12% |
| Information Technology | 3 | 12% |
| Apps | 2 | 8% |
| Big Data | 2 | 8% |

41 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 11 | 42% |
| Series A | 8 | 31% |
| Series B | 2 | 8% |
| Pre-Seed | 1 | 4% |
| Venture - Series Unknown | 1 | 4% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 14 | 54% |
| United States | 1 | 4% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Inscora | Inscora provides automated cyber risk assessment and sales enablement tools for cyber insurance brokers. | $1.5M | Pre-Seed | Aug 06, 2024 |  |
| ProNavigator | ProNavigator provides an AI-driven knowledge-sharing platform, used by some of the largest insurance organizations, to save time, provide superior service, and seize revenue opportunities. The platform leverages advancements in artificial intelligence and natural language understanding to instantly and automatically retrieve answers tocustomers' and employees' questions. | $7.6M | Venture - Series Unknown | Sep 14, 2022 |  |
| Flare | We enable companies to prevent cyber attacks before they become costly data breaches. | $7.5M | Series A | Jun 09, 2022 |  |
| Emma | Emma is a family-centric insurance platform that makes buying life insurance easy, affordable and accessible. Our solution leverages big data to underwrite our insurance products, and we've built a proprietary chat platform that allows our customers to get on-demand advice from our experts. Emma combines innovative technology and insuranceexpertise to simplify and accelerate the life insurance buying process. | $4.8M | Series A | Apr 13, 2022 |  |
| HonestDoor | HonestDoor's tech uses big data, machine learning, and predictive analytics. It aims to bring transparency to the real estate market. | $1.7M | Seed | Mar 17, 2022 |  |
| Key | At Key, they're creating a world where real estate is a source of prosperity and freedom for everyone. Their patent-pending approach makes urban living possible again, free from the burdens of commuting, cost-prohibitive down payments, and the inflexibility that comes with a 25-year mortgage. | $8.5M | Seed | Mar 08, 2022 |  |
| Foxquilt | Foxquilt is an Insurance technology company focused on empowering small businesses and B2B networks to save on Small Business insurance. | $8M | Series A | Sep 16, 2021 |  |
| ProNavigator | ProNavigator provides an AI-driven knowledge-sharing platform, used by some of the largest insurance organizations, to save time, provide superior service, and seize revenue opportunities. The platform leverages advancements in artificial intelligence and natural language understanding to instantly and automatically retrieve answers tocustomers' and employees' questions. | $4.3M | Venture - Series Unknown | Sep 02, 2020 |  |
| Flare | We enable companies to prevent cyber attacks before they become costly data breaches. | $1M | Seed | Oct 17, 2019 |  |
| Busbud | Busbud is a mobile app and platform that connects passengers to bus operators. It enables its users to search, compare, and book city-to-city bus tickets for any location and from any location. It is a comprehensive source of city-to-city bus schedules and tickets around the world, gathering schedules for over 10463 cities in 89 countries, in 10languages, and 15 currencies. The app offers a search tool allowing travelers to discover and plan their next bus trip.Busbud was founded by Michael Gradek, LP Maurice, and Frederic Thouin in October 2011. It is headquartered in Montreal City in Québec, Canada. | $11M | Series B | Jan 30, 2018 |  |

10 of 26 investments shown.

## Co-investors
- [Real Ventures](https://shizune.co/investors/profile/real-ventures) — VC Fund, 9 deals together
- [Version One Ventures](https://shizune.co/investors/profile/version-one-ventures) — VC Fund, 5 deals together
- [Floodgate](https://shizune.co/investors/profile/floodgate) — VC Fund, 4 deals together
- [Inovia Capital](https://shizune.co/investors/profile/inovia-capital) — VC Fund, 3 deals together
- [Sequoia Capital](https://shizune.co/investors/profile/sequoia-capital) — VC Fund, 3 deals together
- [BDC Venture Capital](https://shizune.co/investors/profile/bdc-venture-capital) — VC Fund, 2 deals together

## About Luge Capital

VC Fund · Montréal, Canada

Luge Capital is a venture capital fund focused on early stage fintech and artificial intelligence (AI) applied to financial services. We invest in talented teams shaping the way the world interacts with financial services. Luge looks for founders that improve customer experiences, remove complexity, make financial institutions more efficient anduse data-driven methods decision-making. We work closely with entrepreneurs and their teams in their efforts to build world-class companies by sharing our extensive network, experience and industry insights. www.luge.vc

5 contacts available at Luge Capital.

| Name | Title | Profile |
| --- | --- | --- |
| David Nault | Co-Founder & General partner | https://shizune.co/investors/profile/david-nault |
| Karim Gillani | Co-Founder and General Partner | https://shizune.co/investors/profile/karim-gillani |
| Laviva Mazhar | Principal | https://shizune.co/investors/profile/laviva-mazhar |
| Jean-Philippe Brosseau, CFA | Financial Planning & Investment Analyst | https://shizune.co/investors/profile/jean-philippe-brosseau |
| Poojitha Preena | Member of the Investment Committee | https://shizune.co/investors/profile/poojitha-preena |

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## FAQ

### What does David Nault invest in?

David Nault invests primarily in Software, FinTech and Information Technology startups, most often at Seed and Series A stage. Most of the 26 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did David Nault last invest?

The most recent investment recorded for David Nault closed in Aug 2024. Shizune tracks 26 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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