About Diagram Ventures
Diagram Ventures is a venture capital firm founded in 2016. It is primarily based out of Montreal, Canada. As of Feb 2025, Diagram Ventures is an active investor, having invested in 24 companies, with 7 new investments in the last 12 months. It primarily invests in Seed round in Canada based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and FinTech. Most recently it led the $3M Seed round of Lyteflo along with Amplify Capital. This round also saw participation from Whitecap Venture Partners.
Overall, Diagram Ventures portfolio has seen 3 acquisitions, namely Dialogue and Collage. A lot of funds co-invest with Diagram Ventures, with names like Portage sharing a substantial percentage of its portfolio.
Diagram Ventures has team of 8 people including 6 partners.
Key Metrics
Team Members
, Paul Desmarais &
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A &
Portfolio Acquisitions
Portfolio Soonicorns
Deals in last 12 months
Diagram Ventures' Year-on-Year Investment Trends
Diagram Ventures has invested in 24 companies over the last 8 years, with an average of 4 new investments annually in the last 5 years. In 2024, it made 9 investments, while as of Feb 2025, it has made 2 investments in this year. Its most recent first time investment was in Coral and most recent follow-on round was in Upfront.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 2 | 0 | 2 |
2024 | 6 | 3 | 9 |
2023 | 2 | 2 | 4 |
2022 | 2 | 3 | 5 |
2021 | 1 | 4 | 5 |
2020 | 5 | 1 | 6 |
2019 | 1 | 0 | 1 |
2018 | 0 | 0 | 0 |
2017 | 2 | 0 | 2 |
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Diagram Ventures' Investments by Stage
Diagram Ventures has made 19 investments in Seed stage with an average round size of $4.14M, 1 investment in Series A stage with an average round size of $8.5M and 1 investment in Series B stage with an average round size of $45.8M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Seed | 19 |
Series A | 1 |
Series B | 1 |
Diagram Ventures' Investments by Sector
Diagram Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, High Tech, Consumer and Vertical SaaS. Notably, it has invested in 21 Tech companies, 18 Enterprise (B2B) companies, 15 Software companies and at least 7 companies focusing on Saas.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 12 |
FinTech | 11 |
High Tech | 5 |
Consumer | 4 |
Vertical SaaS | 4 |
Others | 25 |
Diagram Ventures' Investments by Geography
Diagram Ventures has made most investments in Canada (13), followed by United States where it has made 7 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
Canada | 13 |
United States | 7 |
Italy | 1 |
Diagram Ventures' recent investments
Here are the most recent investments by Diagram Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 11, 2025 | Canada | Seed | $4.1M | Brightspark Ventures [+1] | |
Jan 15, 2025 | Canada | Seed | $3M | ||
Sep 28, 2024 | United States | Seed | $1.5M | ||
Sep 28, 2024 | United States | Conventional Debt | $1M | ||
Aug 27, 2024 | United States | Seed | $2.2M | [+1] |
Get the detailed list of all investments by Diagram Ventures. Download now!Team profile of Diagram Ventures
Diagram Ventures has a team of 8 membersÌý¾±²Ô³¦±ô³Ü»å¾±²Ô²µ 6 PartnersÌýlocated in United States and Canada. Diagram Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Diagram Ventures:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Westmount | - | ||
Partner | Montreal | - | ||
Partner | Montreal | - | ||
Partner | San Francisco | - | ||
Partner | Los Angeles | - | ||
Partner | Menlo Park | - | ||
Associate | Montreal | - | ||
Associate | New York | - |
Get the full list of Diagram Ventures' team & partners for free. Download now!Co-investors of Diagram Ventures
Over the past 8 years, 117 investors have co-invested in Diagram Ventures's portfolio companies.
- Invested before Diagram Ventures:ÌýNational Bank of Canada, Highline Beta and 5 others have invested in rounds before Diagram Ventures. There are 1 company where National Bank of Canada has invested before Diagram Ventures and 1 company where Highline Beta has invested before Diagram Ventures.
- Top Co-investors of Diagram Ventures:Ìý45 investors entered a company along with Diagram Ventures. These include investors like Portage (2 companies).
- Invested after Diagram Ventures:ÌýA total of 65 investors have invested in Diagram Ventures's portfolio after their investments. Top Investors include National Bank of Canada (4 companies), Portage (3 companies) and White Star Capital (2 companies).
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Recent News related to Diagram Ventures
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Business Wire•Jan 15, 2025•Lyteflo, Whitecap Venture Partners, Amplify Capital, Diagram Ventures
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TechCrunch+•Oct 10, 2024•Diagram Ventures
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