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Venture studio Diagram expands into climate tech with oversubscribed fund
Diagram raised C$80 million to build and invest in capital-efficient software businesses targeting climate issues.
Foz-Couture said this work is meant to give the startup’s eventual hand-selected founding team a head start. Diagram formally incorporates these companies and provides capital, akin to a pre-seed round; a roster of potential customers the firm has relationships with; and some wireframes around the product. Manias said that the firm is focusing on software because SaaS businesses are a better fit for Diagram’s venture model, than, say, a deep tech moonshot project.
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