Diamante Blockchain

Diamante Blockchain

Closed: Apr. 2022

About this raise

Diamante Blockchain, with a $12.5 million valuation cap, is raising funds on Wefunder. The company is leveraging proprietary blockchain infrastructure for payments and financing. The Diamante Ecosystem consists of Diamante Net, PayCircle, DiamCircle, DIAM, CreditCircle, and Diamante Consortium. Dinesh Patel and Chirag Jetani founded Diamante Blockchain in 2018. The current round of crowdfunding has a minimum target of $50,000 and a maximum target of $1,070,000, and the funds will be used for product development and maintenance, admin and operations, marketing and business development, and accounting expenses. Diamante Blockchain aims to deploy its payments solution by April 2021 and expects to generate revenue of over $100 million by 2025.

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Investment Overview

Invested this round:
$383,108 - RegCF
$1,384,083 - Total

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
04/26/2021
Close Date
04/30/2022
Min. Goal
$50,000
Max Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF / RegD 506(c)    Open SEC Filing

Early Bird Val. Cap

$11,000,000

Valuation Cap

$12,500,000

Discount

25%

Company & Team

Company

Year Founded
2018
Industry
Financial & Insurance Products & Services
Tech Sector
Fintech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
Lenexa, Kansas
Business Type
High Growth
Company Website
Visit Website

Team

Employees
17
Prior Founder Exits?
No
Founder Name
Chirag Jetani
Title
COO
Founder Name
Dinesh Patel
Title
CEO

Financials

 Revenue
$0
 Monthly Burn
$35,884
 Runway
1.3 months

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-430,605

$-632,852

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$45,434

$16,639

Accounts Receivable

$0

$0

Total Assets

$248,098

$152,639

Short-Term Debt

$1,043,086

$602,021

Long-Term Debt

$0

$0

Total Liabilities

$1,043,086

$602,021

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2022 Wefunder $12,500,000 $1,384,083 SAFE Funded RegCF / RegD 506(c)
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Diamante Blockchain on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $12,500,000

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