Diagram
Venture studioMontreal · 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 11, 2026.
Team · 42 people
from the firm's website & public directoriesWhat they invest in
from 20 of 40 portfolio companiesSaaS ×13Fintech ×12AI & Machine Learning ×6Enterprise Software ×4PropTech ×3Developer Tools ×2Energy ×2InsurTech ×2
HQs:Canada×4United States×3Germany×1
Investments · 40 tracked
founders shown can be your intro pathAdaline 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
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)
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
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
ClearEstate provides a technology platform for settling estates, automating administrative tasks and reducing professional fees for executors managing the estate settlement process.
FintechLegalTech
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
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
Lyteflo provides software tools for electric vehicle sales, service, and appraisal to dealerships and automotive businesses.
Retail TechSaaS
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
Venture involving hardware, chemistry and infrastructure
Venture involving hardware, chemistry, and infrastructure.
Montreal
Joann F. de Zegher(Executive Officer, Director)Dharsono Hartono(Director)Andrew James Waitman(Director)
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
Retirable offers retirement income planning and financial guidance for retirees, combining human financial advisors with technology to help people manage and spend down their savings.
FintechLongevityNew 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)
Synctera offers a platform that companies use to build, launch, and scale banking products, positioning itself in embedded banking and finance.
Enterprise SoftwareFintechSaaSPalo Alto, US
Peter Hazlehurst(Executive Officer, Director)Ansaf Kareem(Director)
BoardLogan Allin(Director)Frederic Latreille(Director)William Kohler(Director)Yvette Butler(Director)
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
Company founded in August 2022 that closed a pre-product, pre-revenue seed round
Company launched with Diagram's venture creation team, closing seed pre-product and pre-revenue.
An entitlement and compliance automation platform for real estate investors and developers.
Portfolio news
latest coverage across their companiesAlpaca · 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
- 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.
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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