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.
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