Diagram closes Fund II at $55 mln, hires Hamnett Hill as partner
Diagram Ventures has raised $55 million in the close of its second fund, earmarked for creating and investing in early-stage companies focused on innovation in the financial and insurance sectors. Fund II exceeded its $50 million target with the help of anchor investor Portag3 Ventures, which is backed by Canadian holding company Power Corp. It was joined by 75 angel investors, including Andreessen Horowitz General Partner Angela Strange and former U.S. Ambassador Bruce Heyman, as well as family offices. Led by CEO François Lafortune, Montréal-based Diagram also announced the hire of Hamnett Hill as a partner. Hill, a serial entrepreneur, co-founded Smooch Technologies, acquired last month by Zendesk.
11 June 2019•5 mins read
