Montreal-based venture studio Diagram has raised $80 million CAD for its fourth studio fund, Diagram ClimateTech Fund.
Diagram has expanded its startup incubator model into climate tech, focusing on building capital-lean digital solutions across various climate categories.
Diagram selects founding teams after validating opportunities and provides capital, potential customers, and wireframes for product development.
The firm has already built two climate-focused startups: Relion, a platform for EV charging infrastructure solutions, and Lyteflo, an electric vehicle sales enablement solution.