Fundraising Fox

Diagram

Venture studiooperating company · company profile

Montreal · Pre-Seed–Series A · 42 people tracked

Also known as Diagram Ventures

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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.

Stage
Pre-Seed–Series A
HQ
Montreal, QC, CA
Leads rounds
Follows
Instruments
Equity
Founded
2016
Last 12 months
2 investments
AUM
$400M
VC funds
7
Tracked investments
36

Team · 42 people

from the firm's website & public directories
Anna Chif· Co-Founder

Co-Founder of Dialogue, a Diagram portfolio company.

Benoit Lacroix· Co-Founder and CEO

Co-Founder and CEO of a Diagram-backed venture.

Charles Assaf· Co-Founder and CEO

Co-Founder and CEO of Novisto, a Diagram portfolio company.

Derek Szeto· Co-Founder

Co-Founder of Walnut, a Diagram-backed insurtech/fintech company.

Doug Yeager· Co-Founder and CEO

Co-Founder and CEO of Trice, a Diagram-incubated company.

Mathias Korder· CEO & Co-Founder

CEO and Co-Founder of Baselane, a Diagram-backed company.

Mathieu Boulianne· Co-Founder and CEO

Co-Founder and CEO of a Diagram portfolio company that navigated an exit.

Peter Hazelhurst· Co-Founder and CEO

Co-Founder and CEO of Synctera, a Diagram-incubated company.

Renaud Lavoie· Co-Founder and CEO

Co-Founder and CEO of Obeo Biogas, a Diagram portfolio company.

Sunil Singh· Co-Founder and CEO

Co-Founder and CEO of a B2B fintech business supported by Diagram.

Amélie Foz-Couture· General Partnerin
Brian Canty· Partner, Venture Creation
Paul Manias· General Partnerin
Isabelle Smith· Principal, Venture Creationin
Vanessa Karras· Principal, Venture Creationin
Emily Haniotis· Principal, Investmentsin
Arun Vora· Analyst, Venture Creationin
Bardia Monavari· Associate, Venture Creationin
Benjamin Couture· Associate, Venture Creationin
Charles Poiré· Director, Investmentsin
Cléa Pariseau· Chief of Staffin
Damien Faille· Senior Accountant, Financein
Idiandra Vinci· Associate, Investor Relations & Communicationsin
Jeremy Vocino-Montpetit· Senior Director, Financein
Jonayed Islam· Associate, Venture Creationin
Jorge Albin· Chief of Staff, Venture Creationin
Justin Corbishley· Senior Associate, Venture Creationin
Mingze Deng· Senior Associate, Venture Creationin
Simon Painchaud· Analyst, Venture Creationin
Stephanie-Ann Clavette· Executive Assistant to the CEOin
Tej Sharma· Analyst, Investmentsin
Florent Arès· Senior Associate, Investmentsin

What they invest in

from 29 of 36 portfolio companies

Fintech ×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 companies
64%
solo founders
7 of 11 mapped founding teams

Founding team size:solo founder×72 founders×23 founders×2

Investments · 36 tracked

founders shown can be your intro path

By year:2026 · 12025 · 22024 · 12014 · 15 dated

Helikahelika.ioin𝕏Feb 2024 · $8M✓ verified

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 AIadaline.aiin𝕏

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

Albertalbert.com𝕏

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

Alpacaalpaca.marketsin𝕏

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

Axleaxleruns.comin

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

Baselanebaselane.cominOct 2025 · $34.4M

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

Breathe Lifein

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

CLARKclark.dein𝕏

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

ClearEstateclearestate.comin𝕏

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

Collagecollage.coin

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

Conduitconduitpay.comin𝕏

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

Coralcoral.ca

Montréal, CA

Fiona Lake Waslander(Founder)

Co-investorsBrightspark VenturesThe 51 Ventures

Diagramdiagram.vcin

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

Dialoguedialogue.coin

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

EightByZeroeightbyzero.comin

Leave management platform connecting HR systems and insurance carriers to simplify claims and improve operational efficiency.

Katarakatara.aiin𝕏

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

Landjourneylandjourney.aiin

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

Lyteflolyteflo.comin

Lyteflo provides software tools for electric vehicle sales, service, and appraisal to dealerships and automotive businesses.

Retail TechSaaS

Co-investorsAmplify Capital

Nestonesto.cainJun 2026 · $300M

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

Novisto

Co-investorsInovia Capital

Novisto Montreal, Canadanovisto.comin

Charles Assaf(Founder)in

Co-investorsWhite Star CapitalInovia Capital

Obeoobeobiogas.cominFeb 2014

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)

Pempempempem.ioin𝕏May 2025

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

PolicyBookpolicybook.com
ReliONrelioncharging.com

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

Retirableretirable.comin𝕏

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

Skywardskywardwildfire.comin

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

StreamingFaststreamingfast.io

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

Syncterasynctera.comin𝕏

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

Talliedtallied.io

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

Tricetrice.coin

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

Upfrontmyupfront.comin

Upfront provides back-office software for real estate brokerages, including trust accounting, commission management, AI-based compliance and document processing, and agent onboarding through a modular or end-to-end platform.

FintechPropTechSaaS

Veritreeveritree.comin

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

Walnutgowalnut.comin𝕏

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

Wealthsimplewealthsimple.comin𝕏

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

Zevo

An entitlement and compliance automation platform for real estate investors and developers.

Portfolio news

latest coverage across their companies

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 team

Building a Fintech empire with Francois Lafortune, Founder and CEO @ Diagram

Amiral Ventures · Francois Lafortune

Images

Diagram photo

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