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The Venture Codex

Diagram Ventures

2200 Stanley, Maison Atholstan, Montréal, Quebec, H3A 1R6, Canada

Overview

Diagram is a venture builder that conceives and launches technology companies in the financial services, insurance, and health industries. Working alongside world-class founders, we combine access to venture capital investment, hands-on support, and a deep ecosystem of partners into a unique platform to launch a business and pursue global success.

Total investments
40
Lead investments
18
Investments · 12mo
8
Active investors
7

Sector focus

  • Financial Services
  • Incubators
  • Venture Capital
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Investment portfolio

  • Curant.ai

    Led · Seed · Jul 2026

    Curant.ai builds an AI-powered platform designed for the insurance industry that automates data extraction, analysis, workflow orchestration and decision support. The company started with a solution dedicated to disability claims and emphasizes insurance-specific safety, security and source-backed insights. Its platform integrates with existing systems and offers configurable workflows intended for mission-critical insurance operations. Curant.ai positions its technology as enterprise-grade, aiming to replace isolated automation projects with line-of-business AI solutions to improve efficiency, accuracy and scalability. The company is led by founder John Haller and is based in St. George, Utah. Following the closing of a $3.1 million seed round led by Diagram, Curant.ai plans to accelerate platform expansion and deepen industry partnerships.

  • Nesto

    Participated · Series E · Jun 2026

    Nesto is a Montreal-based fintech that provides online consumer mortgages and business financing products. The company has more than $80 billion in mortgages under administration and has done $37 billion in originations this year. It generates more than $300 million in annualized revenue and has raised $470 million in capital to date. Nesto is incorporating generative AI into internal operations and products and intends to use new funding to further that work. The firm aims to reduce mortgage underwriting times dramatically — targeting as little as two minutes from a current one-day process — while keeping decisioning auditable and overseen by human underwriters. Nesto plans to expand its business-to-business arm by offering AI-powered products to other financial institutions and is focused on the Canadian market without plans to expand to the United States.

  • Coral

    Led · Equity · Mar 2026

    Coral offers an integrated virtual clinic combining medical expertise, advanced technology and health coaching to provide personalized, evidence-based plans for menopause symptom management, weight loss and midlife longevity. The platform markets clinical outcomes including that 80% of members report significantly improved mental well-being and over 70% see a meaningful reduction in perimenopause and menopause symptoms within 90 days. Founded in 2024 and headquartered in Montreal, Coral launched its service one year prior to this funding. Financially, the company has raised over CAD $8 million in total capital following the latest CAD $4 million acceleration round. Coral plans to use the fresh capital to expand nationally, grow its clinical teams, and further develop its AI capabilities to scale its integrated care model.

  • JetScale AI

    Led · Seed · Feb 2026

    JetScale AI develops an artificial-intelligence platform that delivers instant diagnostics, prescriptive action plans, and automated remediations to cut cloud spending, improve reliability, and lessen the environmental footprint of over-provisioned resources. By replacing weeks of manual FinOps work with minutes of automated analysis, the product targets enterprises whose cloud bills are surging, especially as AI workloads grow. Initial customer adoption and an oversubscribed seed round validate market demand, and the company plans to accelerate innovation, expand its team, and scale deployment across North America and Europe. Co-founders Mehdi Merai and Gabriel De Lisi previously built and exited machine-learning company Dataperformers, bringing seasoned AI and go-to-market expertise. JetScale AI was co-created with Diagram’s venture studio and is headquartered in Montréal. Financially, the company has secured $5.4 million in seed capital to fund its near-term growth initiatives; no revenue or user metrics were disclosed in the article.

  • Alpaca

    Participated · Series D · Jan 2026

    Alpaca operates a brokerage infrastructure API that powers fintechs, banks, broker-dealers, wealth managers, algorithmic trading firms, active traders, and crypto-native financial platforms. The company supports over 10 million brokerage accounts across hundreds of fintechs and institutions in more than 40 countries. Alpaca has expanded its regulated footprint through acquisitions, including an IFSCA-regulated broker-dealer and payment service provider in GIFT City and UK/European entities with passporting across the EEA, and has launched global equities access beginning with European equities. It has onboarded major global crypto exchanges and tokenization platforms, reported doubling revenue year-over-year for three consecutive years, and surpassed $1.5 billion in assets under custody for underlying stocks backing tokenized equities. Alpaca plans to use the new financing to accelerate its agent-first brokerage and API-first prime brokerage infrastructure to support tokenized markets and AI-native financial services.

Team