# Diagram: portfolio, investments and team > Diagram is a venture studio based in Canada. 5 investments on record, 4 in the last 12 months, latest Sept 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/diagram (Millionrounds; every figure on the page links to its filing or article) Canada · [Investor](https://millionrounds.com/investors) # Diagram Last cheque observed Sep 2026; 5 cheques on record. Deploying now New fund, Oct 2024 Venture studio Pre-seed Seed Fintech Climatetech Deploying now **100%** of best year **4** **cheques in 12 months**, 5 on record Since the last cheque **55** days **00** hrs **00** min **00** sec Median round **$15M** Rounds led **5 of 5** Mostly in **United States, 60%** Pitch Diagram ## Diagram highlights - 01 4 cheques in the last 12 months - 02 Mostly Seed and Series A: 60% of its rounds - 03 Led 5 rounds ## What they do > We build and invest in Fintech and Climatetech companies. Since 2016 we’ve launched 25+ ventures, building them from the ground up and helping them scale. From their own website - **Type:** Venture studio - **Cheque size:** Not stated - **Stages:** Pre-seed Seed - **Sectors:** Fintech Climatetech - **Based in:** Montreal, Canada - **Cold pitches:** Accepted ## The record Every round we can evidence, newest first **5 appearances** - **2026** 4 rounds - **Sept** **[Sweet Technologies](https://millionrounds.com/company/sweet-technologies)** Seed · CA · BetaKit **$7.4M** *Led* - **Jul** **[Curant.ai](https://millionrounds.com/company/curant-ai)** Seed · US · Diagram **$3.1M** *Led* - **Jun** **[Nesto](https://millionrounds.com/company/nesto)** Series E · CA · Diagram **$302M** *Led* - **Jan** **[Alpaca](https://millionrounds.com/company/alpaca)** Series D · US · Diagram **$150M** *Led* - **2025** 1 round - **Mar** **[Synctera](https://millionrounds.com/company/synctera)** Series A · US · 1st & Main Growth Partners **$15M** *Led* An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **4 named** FL **Francois Lafortune** Director, President, CEO, Secretary, Treasurer, Shareholder i Form ADV GM **Guillaume Marion** Partner, CFO, COO i Form ADV JK **Junaid Kaleem Subhan** Chief Compliance Officer i Form ADV PG **Paul Guy Desmarais Iii** Director and Chairman i Form ADV We also hold **2** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$286M** gross assets of its funds Oct 2026 **Exempt** reporting adviser venture or small private funds - **Legal name:** Diagram Corporation - **SEC number:** CRD 312543 Who backs their funds ## 4 LPs on record in Diagram's funds - **Funds:** 1 The institutions that put money into its funds, which the firm then invests in companies. Source: fund news. - [**Sagard** 1 fund](https://millionrounds.com/fund/sagard-europe) Fund Vintage Committed Diagram Diagram Climate Tech Fund - - - [**GO Capital Fund** 1 fund](https://millionrounds.com/fund/investissement-quebec) Fund Vintage Committed Diagram Diagram Climate Tech Fund - - - [**BDC Capital** 1 fund](https://millionrounds.com/fund/bdc-venture-capital) Fund Vintage Committed Diagram Diagram Climate Tech Fund - - - [**Teralys Capital** 1 fund](https://millionrounds.com/fund/teralys-capital) Fund Vintage Committed Diagram Diagram Climate Tech Fund - - ## What they claim to have backed From their own portfolio page (on their website) **22** of 43 we have independently watched raise [Alpaca](https://millionrounds.com/company/alpaca)[Baselane](https://millionrounds.com/company/baselane)[Clark](https://millionrounds.com/company/clark)[ClearEstate](https://millionrounds.com/company/clearestate)[Dialogue](https://millionrounds.com/company/dialogue)[Enurgen](https://millionrounds.com/company/enurgen)[Helika](https://millionrounds.com/company/helika)[Katara](https://millionrounds.com/company/katara)[Lyteflo](https://millionrounds.com/company/lyteflo)[Novisto](https://millionrounds.com/company/novisto)[Obeo](https://millionrounds.com/company/obeo)[PemPem](https://millionrounds.com/company/pempem)[Recipio](https://millionrounds.com/company/recipio)[ReliON](https://millionrounds.com/company/relion)[Retirable](https://millionrounds.com/company/retirable)[StreamingFast](https://millionrounds.com/company/streamingfast)[Synctera](https://millionrounds.com/company/synctera)[Trice](https://millionrounds.com/company/trice)[Upfront](https://millionrounds.com/company/upfront)[Wealthsimple](https://millionrounds.com/company/wealthsimple)[nesto](https://millionrounds.com/company/nesto)[veritree](https://millionrounds.com/company/veritree) Adaline Albert Assembler AI Axle Breathe Life Cellera Collage Conduit Coral Curant EightByZero Hyperquote Indemni Jetscale PolicyBook Quail Skyward Sweet Tech Tallied Temperandforge Walnut Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded. New fund on file **Raised** a new fund in Oct 2024 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Pre-seed Seed Median round joined **$15M** the round, not its cheque Led 5 of 5 rounds **100%** - **Sole investor:** Never alone - **Last cheque:** Sept 2026 Rounds by stage said on their site - Seed said *2* - Series A *1* - Series D *1* - Series E *1* - Pre-seed said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst) 2 - [M Ventures](https://millionrounds.com/fund/m-ventures) 2 - [Portage Ventures](https://millionrounds.com/fund/portage-vc) 2 **Pitching Diagram?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Diagram. A count of rooms they were both in, not a relationship either has claimed. [**Endeavor Catalyst** Corporate VC **2** rounds together](https://millionrounds.com/fund/endeavor-catalyst)[**M Ventures** Corporate VC **2** rounds together](https://millionrounds.com/fund/m-ventures)[**Portage Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/portage-vc) ## Recently backed The latest companies Diagram put money into. [**Curant.ai** $3.1M · Jul 2026](https://millionrounds.com/company/curant-ai)[**Nesto** $302M · Jun 2026](https://millionrounds.com/company/nesto)[**Alpaca** $150M · Jan 2026](https://millionrounds.com/company/alpaca)[**Synctera** $15M · Mar 2025](https://millionrounds.com/company/synctera) ## Quick answers about Diagram ### What does Diagram invest in? Diagram invests most often at Seed and Series A (60% of the rounds on record), in sectors such as Fintech and Climatetech. ### How active is Diagram? 5 investments on record, 4 of them in the last 12 months, and it led 5. The most recent was in Sept 2026. ### What has Diagram invested in recently? Its most recent investments on record: Sweet Technologies (Seed, Sept 2026), Curant.ai (Seed, Jul 2026) and Nesto (Series E, Jun 2026). ### How big are Diagram's cheques? The median round it joins is $15M. ### Does Diagram lead rounds? Yes: it led 5 of its 5 investments on record (100%). ### Where does Diagram invest? Most of the companies it backs are in the United States (60%) and Canada (40%). ### Is Diagram investing now? Yes: it is actively investing, with 4 investments in the last 12 months. ### Who does Diagram invest alongside? Most often Endeavor Catalyst (2 rounds together), M Ventures (2 rounds together) and Portage Ventures (2 rounds together). ## Raising now? 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