Diagram Ventures

Montreal-based Diagram Ventures has closed its first ClimateTech Fund, securing $80 million CAD, surpassing its original $60-million target. The fund, backed by Sagard and Investissement Québec, aims to launch and invest in early-stage cleantech startups focused on solutions for climate change and emissions reduction.

Diagram has built a reputation for FinTech ventures but is now expanding into ClimateTech. The fund will deploy $2 to $5 million per startup, targeting 15 to 20 companies in Canada, with a focus on Québec. Partner Amélie Foz-Couture noted the potential to position Canada as a leader in climate innovation.

Want to know more? Check out the source code on BetaKit.

Montréal-based venture builder and investor, Diagram Ventures, has launched a ClimateTech Fund, securing almost $50 million in commitments as part of its initial closing.

The new cleantech-focused VC fund will invest in early-stage technology startups developing solutions to tackle climate change and reduce emissions.

Diagram, which is connected to the Desmarais family and backed by Sagard, is close to its target of $60 million for the ClimateTech Fund.

The fund is anchored by Sagard and the Québec government through Investissement Québec, with other major limited partners including Mavrik, Fondaction, and the Fonds québécois d’amorçage Teralys.

Want to know more? Check out the source code on BetaKit.