Montreal · Pre-Seed–Series A · 42 people tracked
Also known as Diagram Ventures
Investment thesis
Diagram is a venture creation firm that partners with entrepreneurs from the earliest stages to build new ventures. It focuses on pressing, unsolved problems in large, expanding markets paired with strong founding teams. The firm emphasizes a pragmatic, evidence-based approach centered on learning, market validation, and measurable value creation. Beyond capital, Diagram provides turnkey operational support—finance, accounting, HR, recruiting—so founders can focus on product and growth. It leverages the broader Sagard network of investors, corporate partners, and advisors to open doors, drive customer traction, and support follow-on fundraising over the long term.
Source: firm website, verified Aug 25, 2026.
Team · 42 people
from the firm's website & public directoriesWhat they invest in
from 29 of 36 portfolio companiesFintech ×18SaaS ×17AI & Machine Learning ×8Developer Tools ×6Enterprise Software ×4InsurTech ×3PropTech ×3AgTech ×2
HQs:Canada×8United States×6Germany×1
Who they back
founder profiles across 11 portfolio companiesFounding team size:solo founder×72 founders×23 founders×2
Investments · 36 tracked
founders shown can be your intro pathBy year:2026 · 12025 · 22024 · 12014 · 15 dated
Helika builds Helika Evolve, a brand-safe AI character platform that lets IP owners deploy interactive characters trained on their approved content to engage fans in real time across Discord, web, social, and community channels.
AI & Machine LearningGamingMarketing Tech
Anton(Founder & CEO)Ilya(CPO)
Co-investorsPantera CapitalBig Brain HoldingsBuilder CapitalFenbushi CapitalSparkle VenturesFermion
Adaline provides a platform that helps AI teams improve and monitor their agents in production by ingesting traces, automatically generating evaluations, and creating synthetic test data to catch regressions before deployment.
AI & Machine LearningDeveloper ToolsEnterprise Software
Akshay G.(Founder)in
Co-investorsDunbar CapitalStreamlined Ventures
Albert is a personal finance app offering an AI-powered assistant called Genius that helps consumers budget, save, invest, move money, shop, and plan for major expenses.
AI & Machine LearningConsumerFintechTokyo, US
Yinon Ravid(Founder)inAliona SarychevaAndrzej BaraniakColby Blitz
Co-investors500 GlobalAltaIR CapitalBetter Tomorrow VenturesCamp One VenturesCapitalGCSC Upshot+6 more
Alpaca provides brokerage infrastructure APIs that enable fintechs and financial institutions to build investing applications and platforms with access to stocks, options, crypto, and other asset types.
Data & InfrastructureDeveloper ToolsFintechSaaSSan Francisco, US
Yoshi Yokokawa(Co-founder & CEO)inHitoshi Harada(Founder/CTO)inKaren Borchert(Executive Officer, Director)
BoardBen Jackson(Director)Eddie Branchaud(Director)
Co-investorsAbstract VenturesElefundEndeavor CatalystHorizons VenturesNimble PartnersOpera Tech Ventures+9 more
Axle builds AI agents for financial institutions that automate compliance work, including resolving sanctions, PEP, and adverse media alerts, generating Suspicious Activity Reports, dispositioning transaction monitoring alerts, and running customer due diligence.
AI & Machine LearningFintechSaaS
Co-investorsMistral Venture Partners
Baselane provides accounting and financial management software for real estate investors and landlords, helping them track cash flow, manage property finances, and optimize tax deductions.
AI & Machine LearningFintechPropTechSaaS
Thorben Scheidegger(Founder)in
Co-investorsActivant CapitalConversion CapitalMatrixParameter VenturesThomvest Ventures
Zinnia provides a cloud-native platform for the life insurance and annuity industry, offering tools for product design, distribution, and policy servicing to carriers, advisors, and consumers.
FintechInsurTechSaaS
CLARK is a digital insurance broker app that aggregates, compares, and manages insurance policies for consumers.
FintechInsurTech
Co-investorsAllianz XCaesar VenturesGerman Media PoolIsomer CapitalManta Ray VenturesSalica Investments+3 more
ClearEstate provides a technology platform for settling estates, automating administrative tasks and reducing professional fees for executors managing the estate settlement process.
FintechLegalTech
Co-investorsOMERS VenturesNAventures
Collage is an all-in-one HR and payroll platform (HRIS/HRMS) that centralizes employee data and automates HR workflows, covering payroll, time off and timesheets, recruiting (ATS), onboarding, performance management, benefits administration, and HR analytics.
Future of WorkHR TechSaaS
Conduit provides an API for embedding USD accounts, payments, wallets, and FX into other companies' products, with near-instant end-customer onboarding and automated KYB/AML compliance.
Developer ToolsFintechSaaS
Kirill Gertman(Founder)in
Co-investorsCommerce VenturesHelios Digital VenturesAltos VenturesBankless VenturesCoinbase VenturesCredibly Neutral+8 more
Montréal, CA
Fiona Lake Waslander(Founder)
Co-investorsBrightspark VenturesThe 51 Ventures
Diagram is a venture creation firm and studio that co-founds and incubates early-stage startups, providing capital plus support in talent sourcing, finance, accounting, HR, fundraising, and go-to-market.
Enterprise SoftwareFintech
Co-investorsGarage Capital
Dialogue operates a virtual care platform that centralizes employee assistance, mental health, primary care, and wellness programs in a single app for employers to offer as a health benefit.
Digital HealthHealthtechWellness & Fitness
Co-investorsGarage CapitalGround Up VenturesWalter VenturesWhite Star CapitalLightspeed Venture Partners
Leave management platform connecting HR systems and insurance carriers to simplify claims and improve operational efficiency.
Katara is an AI governance platform that sits between the AI tools a team already uses and the systems requiring oversight, applying policy, traceability, and access control through three components: an AI knowledge base, an AI gateway, and an MCP registry.
AI & Machine LearningCybersecurityEnterprise Software
Landjourney provides a white-labeled agricultural lending platform that banks offer to farmers, covering AI-powered loan origination, document collection, servicing portals, and auto-decisioning for capital markets.
AgTechFintechSaaS
Luke Johnson(Founder)inJean-François Cloutier(Founder)in
Co-investorsGermin8 Ventures
Lyteflo provides software tools for electric vehicle sales, service, and appraisal to dealerships and automotive businesses.
Retail TechSaaS
Co-investorsAmplify Capital
Nesto is an online mortgage lending platform in Canada that offers origination, funding, and servicing for residential mortgages with transparent pricing and simplified application processes.
AI & Machine LearningFintechPropTechSaaSCanada, CA
Malik Yacoubi(CEO & Co-Founder)in
Co-investorsBreyer CapitalNAventuresEndeavor CatalystExpedition Growth CapitalFondactionFonds de solidarité FTQ+1 more
Co-investorsInovia Capital
Charles Assaf(Founder)in
Co-investorsWhite Star CapitalInovia Capital
Obeo builds on-farm biogas systems that use anaerobic digestion of animal manure to produce biogas and a nutrient-rich digestate fertilizer for farmers.
AgTechCleantechEnergyBountiful, US
Steve Belnap(Executive Officer)Scott Frazier(Director)Justin Luettgerodt(Director)Nobu Mutaguchi(Director)Andy Evans(Director)Mike Haugen(Executive Officer)
Montreal
Joann F. de Zegher(Executive Officer, Director)Dharsono Hartono(Director)Andrew James Waitman(Director)
Co-investorsPanache VenturesScaleGood Fund LP (powered by TELUS)BoxOne Ventures
Relion offers an end-to-end, hardware-agnostic operations and maintenance (O&M) platform for EV charging infrastructure, letting operators monitor charging stations, detect and diagnose issues, and manage work orders across equipment from different vendors.
EnergyMobility & TransportationSaaS
Co-investorsAnges Quebec
Retirable offers holistic retirement planning through dedicated fiduciary financial advisors, providing customized investment plans, reliable monthly retirement income, high-yield cash savings, and $1M in identity theft protection.
FintechLongevityWellness & FitnessNew York, US
Robert Tyler End(Executive Officer, Director)Ian Yamey(Co-founder & CTO)Tyler End(Co-founder & CEO (CFP®))
BoardStephanie Choo(Director)Matt Perlman(Director)Stephany Kirkpatrick(Director)
Co-investorsClocktower VenturesHDS CapitalIA Capital GroupPrimary Venture PartnersPrimetime PartnersVestigo Ventures+1 more
Skyward develops a lightning wildfire prevention system that uses AI to forecast where lightning is most likely to ignite wildfires and releases inert atmospheric materials to reduce cloud-to-ground strikes before fires start.
AI & Machine LearningCleantechClimate Tech
Co-investorsActive Impact InvestmentsAngel Collective Opportunity FundCity LightClimate Innovation CapitalSarah SmithDangerous Ventures
StreamingFast processes and indexes blockchain data, with core products Firehose and Substreams that provide high-performance indexing for high-throughput chains.
Crypto & Web3Data & InfrastructureDeveloper Tools
Co-investorsMulticoin CapitalBoxOne Ventures
Synctera offers a banking-as-a-service platform with a single set of APIs covering core banking, card processing, money movement, and end-user onboarding, so companies can build fintech and embedded finance products.
Developer ToolsEnterprise SoftwareFintechSaaSPalo Alto, US
Peter Hazlehurst(Executive Officer, Director)in
BoardLogan Allin(Director)inFrederic Latreille(Director)inWilliam Kohler(Director)Ansaf Kareem(Director)Yvette Butler(Director)
Co-investorsEvolution VenturesFin CapitalFlucas VenturesNAventuresNeythri Futures FundScribble Ventures+7 more
Tallied offers infrastructure for building, launching, and scaling consumer and corporate credit card programs, covering the full value chain from application, underwriting, and core processing to cardholder servicing, credit bureau reporting, and rewards management.
Cloud ComputingFintechSaaS
Trice provides an embedded payment API that connects to RTP and FedNow rails for real-time, irrevocable money-in and money-out transfers.
Developer ToolsFintechSaaS
Co-investorsFINTOP CapitalBioStar VenturesHealthQuest Capital
veritree provides a platform for corporations to fund and track verified tree-planting and reforestation projects, offering measured data on restored land and forecasted carbon sequestration.
Climate TechImpact & Social GoodSaaS
Co-investorsGarage CapitalNorthside VenturesPender Ventures
Walnut provides embedded insurance infrastructure that lets companies launch in-platform branded insurance programs through APIs or no-code integrations, without prior insurance experience.
FintechInsurTechSaaS
Co-investorsHarvest Venture PartnersNAventuresFelicis Ventures
Wealthsimple is a Canadian financial services company offering investing, stock and crypto trading, saving and spending accounts, and tax filing through a simplified consumer platform.
ConsumerCrypto & Web3FintechSaaSToronto, CA
Michael Katchen(Co-founder & CEO)inBrett Huneycutt(Co-founder & CPO)inRudy Adler(Co-founder (formerly CMO))Radhika Kakkar(Chief Operating Officer)Diederik van Liere(Chief Technology Officer)Leen Li(Former CFO; CEO, Wealthsimple Foundation)
Co-investorsAlkeon InnovationAllianz XDragoneer Investment GroupDST GlobalGICGreylock Partners+12 more
An entitlement and compliance automation platform for real estate investors and developers.
Portfolio news
latest coverage across their companiesWealthsimple · investmentexecutive.com · Aug 21, 2026
Skyward · marketbeat.com · Aug 19, 2026

Walnut · startbase.com · Aug 13, 2026

Albert · alleywatch.com · Aug 11, 2026

Alpaca · itbrief.co.uk · Jul 17, 2026

Helika · castleplacement.com · Jul 9, 2026
Baselane · retipster.com · Jun 25, 2026
Nesto · fintechfutures.com · Jun 11, 2026
Frequently asked questions
- How many investments has Diagram made?
- Diagram has 36 tracked investments, including 3 dated in the last 24 months.
- What stage does Diagram invest at?
- Diagram invests at the Pre-Seed, Seed, Series A stages.
- What sectors does Diagram focus on?
- Diagram focuses on AI & Machine Learning, Cleantech, Consumer, Crypto & Web3, Digital Health, Enterprise Software, Fintech, Healthtech, InsurTech, SaaS.
- Where is Diagram located?
- Diagram is headquartered in Montreal, CA.
- Does Diagram lead rounds?
- Diagram typically participates in rounds rather than leading them.
- Who does Diagram co-invest with?
- Diagram most often shares deals with NAventures, Garage Capital, White Star Capital, among 89 tracked co-investors.
Media · Podcasts & interviews
featuring the teamBuilding a Fintech empire with Francois Lafortune, Founder and CEO @ Diagram
Amiral Ventures · Francois Lafortune
Images
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