Diagram Launches $60 Million Fund to Drive Innovation in ClimateTech

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Diagram team

Diagram, a venture builder, and investor has announced the initial closing of its ClimateTech Fund, securing C$50 million in commitments towards its C$60 million target.

Backed by Sagard, a global multi-strategy alternative asset manager, and co-anchored by the Quebec government through Investissement Québec, this fund plans to propel Climate Tech startups, founders and innovative solutions for the sector.

“The creation of the Diagram ClimateTech Fund to launch and invest in innovative ClimateTech companies represents a significant milestone in our commitment to a sustainable future.” – François Lafortune, Co-Founder & CEO of Diagram

François Lafortune, Co-Founder & CEO of Diagram

A Coalition of Investors

In a strategic collaboration, the Quebec government, Sagard, and other investors have united to catalyze the ClimateTech Fund.

Mavrik, the family office of Mark Pathy, Fondaction & Fonds québécois d’amorçage Teralys financed by CDPQ, along with several individual investors passionate about the energy transition, have contributed to the fund.


“Diagram’s ClimateTech Fund will boost innovation to meet the challenges associated with tackling climate change. Supporting innovative businesses is essential in order to position Quebec at the forefront of these strategic sectors.”

– Pierre Fitzgibbon, Minister of Economy, Innovation and Energy for the Metropolis and the Montréal Region.

Pierre Fitzgibbon, Minister of Economy, Innovation and Energy for the Metropolis and the Montréal Region

Guiding the Fund: Vital Contributors

Teralys Capital, as Canada’s largest investor specializing in innovation, had a large influence on the creation of the ClimateTech Fund.

The involvement of Teralys Capital speaks to the fund’s strategic significance in fostering innovation and pushing the boundaries of the energy transition.

The fund will be co-led by Amélie Foz-Couture and Paul Manias, both focused advocates of sustainable innovation.

Amélie, a seasoned Partner at Diagram, has been at the forefront of the firm’s venture creation activities for the past five years.

Paul, Diagram’s newest Partner, brings extensive expertise as a ClimateTech expert and has a rich background in venture capital and infrastructure investments.


“Climate change is the biggest challenge of our generation. Having spent the last five years at Diagram perfecting our approach to launching companies, we’ve consistently held the belief that mission-driven entrepreneurs are instrumental in solving our most significant challenges.

I am very excited to apply our unique venture creation model to the ClimateTech industry in partnership with Paul Manias and to collaborate with extraordinary founders to address this generational imperative.” – Amélie Foz-Couture, Partner at Diagram.

Amélie Foz-Couture, Partner at Diagram

About Diagram

About Diagram

Diagram has been a key player in conceiving, launching, and investing in innovative technology companies since 2016.

Working alongside experienced founders, Diagram provides access to capital, hands-on support, and a deep ecosystem of partners to launch and scale businesses.

Over the years, they have launched and invested in 23 companies, contributing significantly to regional economic development.

More than 50% of its capital is invested in Quebec-based companies, directly leading to the creation of over 1,200 full-time jobs in the province.

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