The Montreal-based firm, linked to the wealthy Desmarais family, announced that its third fund will focus on working with entrepreneurs to launch and scale fintech and Web3 companies. It also named two new California-based partners—Steve Schultz and Ken Nguyen—who will help expand Diagram’s U.S. presence. (The Logic)
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The Montreal-based firm, linked to the wealthy Desmarais family, announced that its third fund will focus on working with entrepreneurs to launch and scale fintech and Web3 companies. It also named two new California-based partners—Steve Schultz and Ken Nguyen—who will help expand Diagram’s U.S. presence. (The Logic)
Talking point: The fund’s close comes amid a dip in Canadian fintech investing. Francois Lafortune, co-founder and CEO of Diagram, told BetaKit that the $100 million represents its original target size but the firm has commitments that bring it closer to $120 million—more than double the size of Diagram’s second fund, which closed at $55 million. Its past funds were focused on helping create companies, but the latest one will also be used to invest in existing companies.
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