Fundraising FoxMontreal · Pre-Seed–Seed · 42 people tracked
Also known as Diagram Ventures
Find your way into Diagram
Sign up to see every warm intro you have to Diagram
- Paths you didn't know you had: your email and LinkedIn already hold routes to the Diagram team. We find them for you
- 2nd- and 3rd-degree connections: the friend-of-a-friend routes that take hours to manually find through your inbox or LinkedIn
- Answers now, not in days: momentum is everything in a raise. Skip asking around whether someone knows someone
Days of research, done the moment you sign in, with every route ranked by how warm it is.
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 29, 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 35 of 45 portfolio companiesFintech ×20SaaS ×20AI & Machine Learning ×13Enterprise Software ×11Developer Tools ×8InsurTech ×5Cleantech ×3Climate Tech ×3
HQs:Canada×11United States×11Germany×1United Kingdom×1
Who they back
founder profiles across 16 portfolio companiesFounding team size:solo founder×62 founders×73 founders×24+ founders×1
Where their founders studiedfrom 18 founders with education data
Ivey Business School at Western University ×2
What their founders studiedfrom 18 founders with field-of-study data
Business & Management ×9Computer Science ×4Engineering ×3Finance & Accounting ×3Economics ×2
Where their founders worked beforefrom 20 founders with career history
McKinsey & Company ×2Policy Genius ×2
Investments · 45 tracked
founders shown can be your intro pathBy year:2026 · 32025 · 52024 · 42023 · 12022 · 12014 · 115 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 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)inArsh Dilbagi(Founder)
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 Baraniak(Founder)Yinon Ravid(Founder)in
Co-investors500 GlobalAltaIR CapitalBetter Tomorrow VenturesCamp One VenturesCapitalGCSC Upshot+10 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(CEO)inHitoshi Harada(CTO)inKaren Borchert(Executive Officer, Director)inRaja Bhatia(Vice President of Engineering)Kevin Chandra(Software Engineer)inAbbey Gless(HR Manager)
Co-investorsAbstract VenturesBreakpoint CapitalElefundEndeavor CatalystHorizons VenturesNimble Partners+24 more
Axle provides instant access to insurance data for fleet managers, asset lenders, and gig platforms, allowing them to verify coverage and reduce risk in seconds rather than hours.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareFintechInsurTechNew York City, US
Cameron Duncan(CEO)inNihar Parikh(CTO)inArmaan Sikand(Founder)inAagam Vakil(Product Engineer)Almas Myrzatay(Senior Product Engineer)Sam Shatzkin(Product Engineer)
Co-investorsBLH Venture Partners, LLCGradient VenturesRebel FundSoma CapitalY CombinatorAccel+6 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 PartnersUpHonest CapitalBase10 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)inSaad Dar(Founder)
Co-investorsActivant CapitalCollaborative FundConversion CapitalMatrixParameter VenturesStarwood Capital Group+1 more
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
Co-investorsClocktower VenturesCameron VenturesInvestissement Quebec
CLARK is a digital insurance broker app that aggregates, compares, and manages insurance policies for consumers.
FintechInsurTechNew York, DE
Co-investorsAllianz XCaesar VenturescoparionGerman Media PoolIsomer CapitalKreos Capital+7 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
Co-investorsBaird Capital
Conduit automates freight handoff and transfers through digital tools, addressing the analog processes that occur when freight changes hands between logistics operators.
AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSSan Francisco, US
Conrad Lilleness(Founder)inAndrew Huang(Founder)Cole Rubin(Founder)inKirill Gertman(Founder)Michael Gregson(Founder)Punn Kam(Founder)in
Co-investorsY CombinatorAperture Venture CapitalAutotech VenturesBuilders VCCore Venture CapitalDragonfly+13 more
Conduit provides payment infrastructure for fast, cross-border global transactions.
Developer ToolsEnterprise SoftwareFintechSaaS
Matt Zisow(Founder)Kirill Gertman(Founder)in
Co-investorsCommerce VenturesCore Venture CapitalDiscovery Ventures III Gmb H & Co. KGGradient VenturesHelios Digital VenturesInovia Capital+16 more
Montréal, CA
Fiona Lake Waslander(Founder)
Co-investorsBrightspark VenturesThe 51 Ventures
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 VenturesWalter VenturesWhite Star CapitalLightspeed Venture Partners+1 more
Leave management platform connecting HR systems and insurance carriers to simplify claims and improve operational efficiency.
Enurgen provides energy yield modeling software for solar projects, helping large-scale solar energy providers reduce uncertainty in performance forecasts and protect asset value across their portfolios.
CleantechClimate TechEnergySaaSOttawa, CA
Co-investors2048 VenturesAvesta FundBDC Seed Venture FundTechstarsBrightspark Ventures
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 CatalystFondactionLa 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
LocusX develops KAIRO, an AI-powered bug fixing platform for video game and complex software development that shortens the time to report, analyze, fix, and verify bugs.
AI & Machine LearningDeveloper ToolsGamingMontréal, CA
Francois Pelland(Founder)Yan Cote(Founder)
Co-investorsTriptyq Capital
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(Founder)inChase Belair(Founder)Damien Charbonneau(Founder)Karim Benabdallah(Founder)
Co-investorsBreyer CapitalExpedition Growth CapitalNAventuresPortage VenturesEndeavor CatalystFondaction+2 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)Jean-Karim Metwalli(Founder)Joann de Zegher(Founder)
Co-investorsBastien Family OfficeBoxOne VenturesPanache VenturesPear VCScaleGood 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 QuebecBastien Family OfficeAnges QuébecAQC CapitalChrysalixCycle Momentum+1 more
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+2 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
Sam Goldman(Founder)
Co-investorsActive Impact InvestmentsAngel Collective Opportunity FundCity LightClimate Innovation CapitalDangerous VenturesSarah Smith+1 more
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 PartnersMana VenturesNAventures+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 connects homeowners with local service professionals for home projects through a text-based platform, using AI to match them with vetted contractors in their area.
AI & Machine LearningConsumerMarketplacesSan Francisco, US
Thomas Stephens(CEO)inAndrew Hoskins(Founder)in
Co-investorsY CombinatorAgrolimen VenturesBaird CapitalClimate CapitalCollab CapitalFirst Analysis+2 more
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(Founder)inBrett Huneycutt(Founder)inRudy Adler(Founder)inRadhika Kakkar(Chief Operating Officer)inDiederik van Liere(Chief Technology Officer)inLeen Li(Former CFO; CEO, Wealthsimple Foundation)in
Co-investorsAlkeon InnovationAllianz XDeviation CapitalDragoneer Investment GroupDST GlobalGIC+19 more
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
NovistoOrbitPolicyBookTrice Technologies
Portfolio news
latest coverage across their companiesAlpaca · finsmes.com · Jul 16, 2026
Nesto · betakit.com · Jun 10, 2026
Conduit · prnewswire.com · Mar 24, 2026
Enurgen · finance.yahoo.com · Oct 8, 2025
Baselane · finsmes.com · Oct 1, 2025
Retirable · finsmes.com · Jul 16, 2025
Veritree · geekwire.com · May 14, 2025
Frequently asked questions
- How many investments has Diagram made?
- Diagram has 45 tracked investments, including 8 dated in the last 24 months.
- What stage does Diagram invest at?
- Diagram invests at the Pre-Seed, Seed 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, Inovia Capital, White Star Capital, among 116 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 that backs bold, early-stage, technology-driven companies across deep tech and other sectors, providing hands-on 'venture assistance' to help founders build category-defining businesses.
Everywhere Ventures is an early-stage venture firm that writes pre-seed checks and is backed by a community of founder and operator LPs.
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.
Antler Australia is the local arm of the global inception-stage venture firm Antler, running an 8-week residency twice a year (February and July) to help founders form teams and raise pre-seed capital.