Canadian Startup Launchpad Diagram Closes $25m Fund

diagramDiagram, a new venture launchpad for Canadian startups in financial, insurance and healthcare technology, closed a $25m fund.

Led by Founder & CEO Fran├žois Lafortune and Chairman Paul Desmarais III, Diagram focuses on a hands-on approach making a few large, concentrated investments. It provides advice, capital and expertise with the support of Power Financial Corporation via Portag3 Ventures LP, and a group of 50 angel investors, who will act as mentors and accompany founders.

Limited partners include:
– Adam D’Angelo, CEO of Quora and former CTO of Facebook;
– Ryan Holmes, CEO of Hootsuite;
– Joe Lonsdale, founder of Palantir, Addepar, and 8VC;
– Anthony Lacavera, founder and former CEO of WIND Mobile;
– Nadir Mohammed, former CEO of Rogers;
– Andrew Chisholm, former Global Head Financial Institutions at Goldman Sachs; and
– Henri de Castries, former Chairman and CEO of AXA.

Based in Montreal and Toronto, the launchpad recently made its first two investments in:
– Dialogue, a Montreal-based virtual health and wellness platform for choice employers, and
– Collage, a Toronto-based cloud platform that automates HR and benefits for Canadian businesses.

FinSMEs

25/01/2017

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