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Diagram

Venture studio

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 11, 2026.

Stage
Pre-Seed–Series A
HQ
Montreal, QC, CA
Leads rounds
Follows
Instruments
Equity
Founded
2016
AUM
$400M
VC funds
7
Tracked investments
40

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 20 of 40 portfolio companies

SaaS ×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 path
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

Albertalbert.com𝕏
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)

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

Baselanebaselane.comin

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

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.dein

CLARK is a digital insurance broker app that aggregates, compares, and manages insurance policies for consumers.

FintechInsurTech

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

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
Coralcoral.ca
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

Dialoguedialogue.coin
EightByZero

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

Helikahelika.ioin𝕏

Helika provides an AI-powered character platform that deploys interactive, brand-safe characters trained on approved content across social platforms, Discord, and fan communities.

AI & Machine LearningCreator EconomySaaS

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
Lyteflolyteflo.com

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

Retail TechSaaS

Nestonesto.ca

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

Novisto
Obeoobeobiogas.comin

Obeo builds on-farm biogas systems that use anaerobic digestion of animal manure to produce biogas and a nutrient-rich digestate fertilizer for farmers.

AgTechCleantechEnergy

Obeo Biogas

Venture involving hardware, chemistry and infrastructure

Obeo Biogas

Venture involving hardware, chemistry, and infrastructure.

Pempempempem.ioMay 2025

Montreal

Joann F. de Zegher(Executive Officer, Director)Dharsono Hartono(Director)Andrew James Waitman(Director)

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

Retirableretirable.comin𝕏

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)

Skywardskywardwildfire.comin
StreamingFaststreamingfast.io
Syncterasynctera.comin𝕏

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)

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

Trice

Company founded in August 2022 that closed a pre-product, pre-revenue seed round

Trice

Company launched with Diagram's venture creation team, closing seed pre-product and pre-revenue.

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

Walnutgowalnut.comin𝕏
Wealthsimplewealthsimple.comin𝕏
Zevo

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

Portfolio news

latest coverage across their companies

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 team

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

Amiral Ventures · Francois Lafortune

Images

Diagram photo

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