Diagram Launches $60M Fund for ClimateTech Innovation

Diagram, a leading venture builder backed by Sagard, has secured nearly C$50 million in commitments for its new ClimateTech Fund, with the Quebec government and Sagard co-anchoring the fund. Major investors include Mavrik, Fondaction, and Teralys financed by CDPQ. The fund, targeting C$60 million, focuses on capital-efficient digital solutions accelerating the global transition to sustainability. Diagram's venture creation model identifies opportunities, forms high-caliber teams, and mitigates early-stage risks. It will invest in promising early-stage companies, with a focus on Quebec-based businesses. The ClimateTech Fund aims to foster innovation in climate change solutions, positioning Quebec as a leader in strategic sectors. Diagram's CEO, François Lafortune, sees the fund as a significant commitment to a sustainable future. The fund will be co-led by Amélie Foz-Couture and Paul Manias, leveraging their expertise in sustainable innovation and ClimateTech investments. Amélie emphasizes the importance of mission-driven entrepreneurs in addressing climate change challenges, expressing excitement about applying Diagram's venture creation model to ClimateTech.