Montreal · Pre-Seed–Series A · 42 people tracked
Also known as Diagram Ventures
Find your way into Diagram
2,480 people in our graph share verified history with the Diagram team — schools, employers, funds. One of them is your warm intro.
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 Sep 15, 2026.
Team · 42 people
from the firm's website & public directories
Founder mafia
2 people who came through Diagram went on to found or lead other companies.
What they invest in
from 31 of 38 portfolio companiesFintech ×20SaaS ×18AI & Machine Learning ×9Enterprise Software ×9Developer Tools ×6InsurTech ×4Climate Tech ×3PropTech ×3
HQs:Canada×10United States×8Germany×1United Kingdom×1
Who they back
founder profiles across 16 portfolio companiesFounding team size:solo founder×102 founders×43 founders×2
Where their founders studiedfrom 19 founders with education data
Ivey Business School at Western University ×2
What their founders studiedfrom 18 founders with field-of-study data
Business & Management ×8Computer Science ×4Economics ×3Engineering ×3Finance & Accounting ×3
Where their founders worked beforefrom 19 founders with career history
McKinsey & Company ×2Policy Genius ×2
Investments · 38 tracked
founders shown can be your intro pathBy year:2026 · 22025 · 32024 · 42023 · 12022 · 12014 · 112 dated
Mahalo provides a centralized platform for managing warranty claims and post-purchase customer experiences for manufacturers and product companies.
AI & Machine LearningEnterprise SoftwareInsurTechSaaS
Rob
Co-investorsMOTIVATE VENTURESMotivate Venture Capital
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 offers Genius, an AI-powered financial assistant that helps consumers budget, track spending, build financial plans, move money between accounts, shop within budget, and create travel itineraries.
AI & Machine LearningConsumerFintechTokyo, US
Andrzej BaraniakYinon Ravid(Founder)in
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(Co-Founder & CPO)inKaren Borchert(Executive Officer, Director)in
BoardBen Jackson(Director)Eddie Branchaud(Director)
Co-investorsAbstract VenturesElefundEndeavor CatalystHorizons VenturesNimble PartnersOpera Tech Ventures+9 more
Axle provides an AI-powered solution for compliance teams to manage sanctions, PEP, and adverse media screening alerts at scale, reducing false positives and automating low-risk alert reviews.
AI & Machine LearningEnterprise SoftwareFintechSaaS
Co-investorsMistral Venture PartnersBase10 PartnersGradient VenturesStage 2 CapitalY Combinator
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.
FintechInsurTechNew York, DE
Co-investorsAllianz XCaesar VenturesGerman Media PoolIsomer CapitalLightspeed Venture PartnersManta Ray Ventures+5 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 VenturesNAventuresTriangle Capital
Collage HR is an HRIS and human resources management platform designed for Canadian businesses with 20 to 1,000 employees, offering features including applicant tracking, time off management, performance management, and built-in Canadian compliance and payroll integration.
Future of WorkHR TechSaaSToronto, CA
Conduit provides payment infrastructure for fast, cross-border global transactions.
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 capital firm that takes a thesis-driven approach to early-stage investing, focusing on fintech and climate tech companies in North America.
Climate TechEnterprise SoftwareFintech
Paul Desmarais III(Co-Founder & Chairman)in
Co-investorsGarage CapitalFin CapitalSagard
Dialogue provides an integrated digital health platform for employees that combines virtual care, mental health services, and wellness programs in a single application.
Digital HealthHealthtechHR TechWellness & FitnessToronto, CA
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.
Fonds de solidarité FTQ is a Quebec labour-sponsored investment fund offering retirement and savings products (RRSP, TFSA, RRIF) that channel individuals' savings into Quebec businesses.
FintechImpact & Social Good
Co-investorsGrandBanks CapitalEndeavor CatalystFondactionFonds de solidarité FTQLa CaisseNAventures
Katara operates an agentic platform that connects students, agents, and universities through a shared, governed funnel to improve international student recruitment while maintaining compliance and human oversight.
AI & Machine LearningCybersecurityDigital HealthEdTechEnterprise SoftwareFintechWellness & Fitness
Co-investorsSparkle VenturesStreamingFast
Landjourney Technologies Inc. provides online services to users.
AgTechEnterprise SoftwareFintechSaaSSector Agnostic
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 CapitalWhitecap Venture Partners
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)inChase Belair(Co-Founder, Principal Broker)
Co-investorsBreyer CapitalNAventuresEndeavor CatalystExpedition Growth CapitalFondactionFonds de solidarité FTQ+1 more
Charles Assaf(Founder)in
Co-investorsInovia CapitalWhite Star Capital
Obeo Biogas designs, constructs, and operates anaerobic digestion systems for dairy farms that convert manure into renewable energy, sanitized bedding, and fertilizer.
AgTechCircular EconomyCleantechEnergyBountiful, US
Steve Belnap(Executive Officer)inMike Haugen(Executive Officer)Glade Jones(Executive Officer, Director)
BoardScott Frazier(Director)Justin Luettgerodt(Director)Nobu Mutaguchi(Director)
Montreal
Joann F. de Zegher(Executive Officer, Director)Dharsono Hartono(Director)Andrew James Waitman(Director)
Co-investorsBoxOne VenturesPanache VenturesScaleGood Fund LP (powered by TELUS)
Relion provides operations and maintenance software for managing EV charging networks, offering real-time monitoring, issue detection, and field service dispatch capabilities across hardware from multiple vendors.
EnergyIoTMobility & TransportationSaaSCanada, CA
Co-investorsAnges QuebecAnges QuébecAQC CapitalChrysalixCycle MomentumMaRS Investment Accelerator Fund (IAF)
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)inTyler End(Co-founder & CEO (CFP®))in
BoardStephanie Choo(Director)Matt Perlman(Director)inStephany 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-investorsBoxOne VenturesMulticoin Capital
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)inYvette Butler(Director)
Co-investorsEvolution VenturesFin CapitalFlucas VenturesLightspeed Venture PartnersNAventuresNeythri Futures Fund+10 more
Tallied provides a cloud-native credit card platform for financial institutions and fintech platforms to launch and manage consumer and business credit card programs.
Cloud ComputingEnterprise SoftwareFintechSaaSDistributed, US
Sunil Singh(Founder)inMike Gionfriddo(CTO)inVinni Bala(Chief Credit Officer)inRon DiGiacomo(Chief Compliance Officer)
Trice provides real-time payment processing through an embedded API that enables businesses to receive funds instantly without chargeback or reversal concerns.
Developer ToolsFintechSaaS
Doug Yeager(CEO)in
Co-investorsLightspeed Venture PartnersFINTOP CapitalBioStar VenturesHealthQuest Capital
Upfront provides back-office accounting and operational infrastructure for residential real estate agents and brokers, consolidating functions like trust accounting, commissions, onboarding, and document management into a unified system.
Enterprise SoftwareFintechPropTechSaaS
Dana Levin-Robinson(Founder)in
Co-investorsSecond Century VenturesBaird CapitalEcho Health VenturesFirst Trust Capital PartnersHyde Park Venture PartnersLRVHealth
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
Derrick Emsley(Founder)in
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
Derek Szeto(CEO, Co-Founder)inAdrien Niblock(CPO, Co-Founder)in
Co-investorsHarvest Venture PartnersNAventuresA.Capital VenturesEight Roads VenturesFelicis VenturesNFX
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))inRadhika Kakkar(Chief Operating Officer)inDiederik van Liere(Chief Technology Officer)inLeen Li(Former CFO; CEO, Wealthsimple Foundation)in
Co-investorsAlkeon InnovationAllianz XDragoneer Investment GroupDST GlobalGICGreylock Partners+15 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
PolicyBookTrice TechnologiesZevo
Portfolio news
latest coverage across their companiesWealthsimple · investmentexecutive.com · Aug 21, 2026
Axle · hypepotamus.com · Aug 20, 2026
Skyward · marketbeat.com · Aug 19, 2026
Walnut · startbase.com · Aug 13, 2026
Albert · alleywatch.com · Aug 11, 2026
Alpaca · crowdfundinsider.com · Jul 20, 2026
Helika · castleplacement.com · Jul 9, 2026
Baselane · retipster.com · Jun 25, 2026
Frequently asked questions
- How many investments has Diagram made?
- Diagram has 38 tracked investments, including 5 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 91 tracked co-investors.
- What size deals does Diagram back?
- Across 7 deals with disclosed amounts, Diagram has joined rounds of $2.2M – $300M (median $8M).
Media · Podcasts & interviews
featuring the teamBuilding a Fintech empire with Francois Lafortune, Founder and CEO @ Diagram
Amiral Ventures · Francois Lafortune
Images
Similar investors
Khosla Ventures is a venture capital firm founded by Vinod Khosla.
Everywhere Ventures is an early-stage venture firm, backed by a community of founders and operators as LPs, that writes early checks (including pre-seed) into startups across many sectors and geographies.
Valor Capital Group is a cross-border venture fund connecting the US, Latin American, and global technology markets, investing in consumer internet and enterprise software companies.
MPG Fund is an early-stage venture investor backing technology startups.
Range is a venture capital firm that invests in founders building novel solutions in overlooked or challenging categories. The firm focuses on consensus founders with unique insights, backing companies at various stages across diverse sectors.