The Canadian AI Index

Investors / Diagram Ventures

Diagram Ventures

Diagram Ventures is a venture capital firm based in Canada. Diagram Ventures has backed 5 Canadian AI companies in the Index, joining 5 tracked rounds and leading 2. The most recent was Coral's C$4M bridge round in 2026. Diagram Ventures most often invests alongside Brightspark Ventures, The51 and Anges Québec.

VC based in Canada. 5 Canadian AI companies in the Index, 5 tracked rounds, 2 as lead.

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Type
VC
HQ country
Canada
Companies
5
Tracked rounds
5
Led
2
First tracked deal
Coral, Feb 2025
Latest tracked deal
Coral, 2026
Website
diagram.vc

Portfolio

CompanyRounds joined (date, round size)Company's total raisedRole
CoralSeed · Feb 2025 · C$4.1M roundBridge/Extension · 2026 · C$4M roundC$8.1M—
JetScale AISeed · Feb 2026 · C$5.4M round (lead)C$5.4MLead
LocusXSeed · Sep 2025 · C$3M round (lead)C$3MLead
NovistoSeries C · May 2025 · US$27M roundC$37.9M—
Dialogue*———

A round's size is the whole round as announced, not this investor's cheque.

* Held per the firm's portfolio page or reported coverage, without a round tracked in the Index.

Frequent co-investors

Brightspark Ventures (2 shared rounds), The51 (2 shared rounds), Anges Québec (1 shared round), AQC Capital (1 shared round), BDC Seed Venture Fund (1 shared round), Inovia Capital (1 shared round), Portage (1 shared round), Sagard (1 shared round)

Data as of November 10, 2026.

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