The Financial Post reports in its Saturday edition that a venture firm backed by Power Corp. of Canada has closed a round for a new climate-technology fund, tapping Quebec institutions as it raised about $37-million (U.S.). A Bloomberg dispatch to the Post says that Montreal-based Diagram Ventures will seek out investments in early-stage companies with promising technology to reduce emissions. The company operates as part as Power Corp.'s alternative investment platform, Sagard Holdings Inc., alongside numerous other entities. Power's major shareholder is Canada's billionaire Desmarais family. "We focus on what we call the 'digital layer' that aims to reduce greenhouse gas emissions," Diagram chief executive officer François Lafortune told Bloomberg. The first of a dozen expected deals is with a company that does electric-vehicle charging infrastructure, and will be announced in January.
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