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 poised to transform the way companies obtain and use unstructured data around the world.
We’re partnering with seasoned founders that have been close to Luge for many years. The vision for Deck that YG and Fred have was born from their deep experience in the world of data aggregation. As a starting point, they recognized a significant gap in the way companies gather and report utility data (electricity, gas, water, telecom services), which is increasingly becoming a disclosure requirement alongside company financials. For many businesses, especially those required to meet carbon reporting standards, accessing and managing this data is a fragmented, time-consuming, and error-prone process. But YG and Fred saw an opportunity to bring the same API-driven technology they pioneered at Flinks to this new, under-served space, to build something truly impactful.
By providing an API that aggregates user-permissioned data from over 100,000 global sources in more than 30 countries, Deck makes it possible for businesses to seamlessly access, standardize, and integrate their data that would otherwise be hard to gather. What once took hours of manual work can now be automated, ensuring accurate and timely reporting.
In a world where data drives AI models, access to high-quality information is fundamental to every industry. With Deck’s self-serve dashboard for businesses and its API for platforms, the company is addressing this growing need.
Having worked with Yves-Gabriel Leboeuf, Fred Lavoie, Julien Belisle and Bruno Lambert during the success of Flinks, we’ve seen firsthand their ability to execute, innovate, and scale a business. They have deep knowledge of the data aggregation space, and a proven ability to build strong technical infrastructure.
With this investment, Deck plans to further develop its technology, adding new features and expanding its integrations with other data and financial services. At Luge Capital, we are thrilled to support YG, Fred, Julien, Bruno and the entire Deck team as they reshape how businesses access and manage unstructured data.
Deck is currently hiring! View their open positions here.
If you’re building in fintech at the early-stage, we’d love to hear from you! You can contact us here.