Canadian astronaut’s single-family office invests in $60 million climate tech fund

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.

Dec 07, 2023
1 year ago
Mark Pathy

The single-family office of Canadian businessman and commercial astronaut Mark Pathy recently invested in a new $60 million fund targeted at supporting climate tech startups. 

Pathy, who inherited shares in shipping company Fednav, launched the investment firm Mavrik in Montreal in 2016, aiming to invest in “social innovation.” The family office also invests in real estate and supports philanthropic initiatives.

The new fund, which has reached $50 million in commitments, was announced by Canadian venture builder and startup investor Diagram Corp. Diagram is backed by Sagard, a global alternative-asset manager. So far, Diagram has invested in 18 ventures with a combined value of $1.5 billion. The government of Quebec is co-anchoring the fund. 

According to Diagram, the fund seeks to build and invest in companies developing capital-efficient digital solutions that accelerate the global transition to a more sustainable future.

Marcus Baram
Author Marcus Baram

Marcus Baram is a contributing editor at Crain Currency, where he covers the intersection of finance and politics. Prior to joining Crain Currency, Baram was a staff writer at Fast Company and an editor at Huff Post. He has also written for outlets such as The New York Times, The Atlantic, and Vice. Baram is an expert on economic policy and has a deep understanding of the ways in which politics shapes the global financial system. In his role at Crain Currency, he brings a unique perspective to the complex and ever-evolving world of finance. With his keen analysis and clear writing, Baram helps readers make sense of the important issues impacting the economy today.