DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Diagram Corporation
Diagram Corporation
name or self-description says studio or venture builder
Importance
32
moderate
Active deployment
55
elevated
Emerging
0
low
Completeness
63
high
Freshness
100
high
Research priority
20
moderate
Identity and regulatory footprint
- Headquarters
- Montreal, Qc, Canadaadviserinfo.sec.gov
- Office address
- MAISON ATHOLSTAN, 2200 RUE STANLEY, MONTRÉAL,, Montreal, Qc, H3A 1R6adviserinfo.sec.gov
- Business phone
- 438-686-9806adviserinfo.sec.gov
- Website
- https://www.diagram.ca
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Mar 28, 2024
- Private funds reported
- 5 (5 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $196Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Pansolo Holding Inc. (Shareholder), D; Desmarais Family Residuary Trust (Shareholder), E; Sagard Holdings Inc. (Shareholder), D; Power Corporation of Canada (Shareholder), E; Sagard Holdings Participation Inc. (Shareholder), E; Sagard Holdings Management Inc. (Shareholder), C
- business phone
- 438-686-9806adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
33 observed deals
Stated (the firm’s website)
- Sectors
- fintech, climate, hardware, space, b2b
- Stages
- seed, early
- Geography
- canada, global
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- venture studio
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Sectors
unknown 91%Other 6%Other Technology 3%
lead rate n/afollow-on rate n/anew logos, 12 months 33
Funds and vehicles
5 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Diagram Climatetech Fund L.P. | Fund | 2024 adv first reported | Early deployment | $3.2M Mar 28, 2024 | 21 | unknown | unknown |
| Diagram Opportunity Fund I, L.P. | Opportunity fund | 2023 adv first reported | Active deployment | $75.0M Mar 28, 2024 | 130 | unknown | unknown |
| Diagram Ventures III LP | Fund | 2023 adv first reported | Active deployment | $7.6M Mar 28, 2024 | 98 | unknown | unknown |
| Diagram Ventures II LP | Fund | 2019 form d first sale | Mature | $67.6M Mar 28, 2024 | 80 | $2.5M of $2.5M | May 24, 2019 |
| Diagram Ventures Limited Partnership | Fund | unknown | Unknown | $42.8M Mar 28, 2024 | 50 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
9 current, 1 departed
Andre Roger Desmarais
Board or advisoryTrustee · since Oct 1, 2013
Gary Albert Doer
Board or advisoryTrustee · since May 1, 2023
Gregory James Fleming
Board or advisoryTrustee · since Feb 1, 2024
Paul Guy Desmarais
Board or advisoryTrustee · since Oct 1, 2013
Sophie Desmarais
Board or advisoryTrustee, Non-Voting · since Mar 1, 2018
Guillaume Marion
Platform and operationsPartner, Cfo, Coo · since May 1, 2017
Junaid Kaleem Subhan
Platform and operationsChief Compliance Officer · since Mar 1, 2024
Francois Lafortune
PrincipalDirector, President, Ceo, Secretary, Treasurer, Shareholder · since Feb 1, 2016
Paul Guy Desmarais
PrincipalDirector And Chairman · since Sep 1, 2023
1 departed (kept with end dates)
- Imran Gibbons · Vice President Finance And Chief Compliance Officer · Oct 1, 2020 to Apr 12, 2022 Inference
Investments on record
33 edges, 33 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
27 relationships from shared deals, counted for the whole firm
Grdnt LLC 2 shared · recurringIA Capital Group, Inc. 1 shared · one timeCore Venture Capital 1 shared · one timeMatrix 1 shared · one timeCity Light Capital Management III, LLC 1 shared · one timeQED Investors, LLC 1 shared · one timeEden Road Capital, LLC 1 shared · one timeHelios Investment Partners LLP 1 shared · one timeNEW Climate Ventures Management, LLC 1 shared · one timeTwelve Below 1 shared · one timePositive Sum Advisors LLC 1 shared · one timeCorazon Group LLC 1 shared · one timeCoatue Management, L.L.C. 1 shared · one timeMXV Capital, LLC 1 shared · one timeMoment Ventures, LLC 1 shared · one timeHaun Ventures Management LP 1 shared · one timeElefund Management Company, LLC 1 shared · one timeAccion 1 shared · one timeHack Vc Management, LLC 1 shared · one timeLong River Capital Management II LLC 1 shared · one timeInnovation Endeavors: Reimagining the technical frontier 1 shared · one timeScribble Ventures Management, LLC 1 shared · one timeWonder Ventures Management, LLC 1 shared · one timeIndex Ventures Sa 1 shared · one timeA.capital Ventures 1 shared · one timeActivant Capital Group LLC 1 shared · one timeCSC Upshot Ventures Management, LLC 1 shared · one time
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
15 dated events
- Sep 15, 2026Diagram Corporation: CORPORATE_VENTURE -> VENTURE_STUDIO (name or self-description says studio or venture builder)Classification changedClassificationInferenceno URL
- Mar 28, 2024Diagram Climatetech Fund L.P. first reported on Form ADV by Diagram Corporation (Venture Capital Fund), GAV $3,191,463Fund first reported on Form ADVFundsFactDiagram Climatetech Fund L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 1, 2024Junaid Kaleem Subhan joined Schedule A of Diagram Corporation as Chief Compliance Officer
- Feb 1, 2024Gregory James Fleming joined Schedule A of Diagram Corporation as Trustee
- Sep 1, 2023Paul Guy Desmarais III joined Schedule A of Diagram Corporation as Director And Chairman
- May 1, 2023Gary Albert Doer joined Schedule A of Diagram Corporation as Trustee
- Mar 31, 2023Diagram Ventures III LP first reported on Form ADV by Diagram Corporation (Venture Capital Fund), GAV $4,609,849Fund first reported on Form ADVFundsFactDiagram Ventures III LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2023Diagram Opportunity Fund I, L.P. first reported on Form ADV by Diagram Corporation (Venture Capital Fund), GAV $29,115,571Fund first reported on Form ADVFundsFactDiagram Opportunity Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Apr 12, 2022Imran Gibbons (Vice President Finance And Chief Compliance Officer) no longer on Schedule A of Diagram Corporation
- Jan 28, 2021Diagram Corporation first filed Form ADV (IA)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 28, 2021Diagram Ventures II LP first reported on Form ADV by Diagram Corporation (Venture Capital Fund), GAV $14Fund first reported on Form ADVFundsFactDiagram Ventures II LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jan 28, 2021Diagram Ventures Limited Partnership first reported on Form ADV by Diagram Corporation (Venture Capital Fund), GAV $35Fund first reported on Form ADVFundsFactDiagram Ventures Limited PartnershipSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 1, 2018Sophie Caroline Desmarais joined Schedule A of Diagram Corporation as Trustee, Non-Voting
- Oct 1, 2013Paul Guy Desmarais joined Schedule A of Diagram Corporation as Trustee
- Oct 1, 2013André Roger Desmarais joined Schedule A of Diagram Corporation as Trustee
Classification history
- Sep 15, 2026Venture studio (confirmed, 95%, cls-1)name or self-description says studio or venture builder
- Sep 12, 2026Corporate venture (confirmed, 95%, cls-1)corporate parent: Sagard Holdings Participation Inc.
Evidence
36 observations from 2 sources