Diem

Diem

Open  for investment

About this raise

Diem, with a valuation of $14.8 million, is raising funds on Wefunder. It is a social search engine powered by AI and community conversations. Diem is designed specifically for women and gender-expansive people and has partnerships with National Domestic Violence Hotline, Bumble, Girlboss, FEMINIST, and Meta. The business has scaled its user base by 1,100% in 13 months and has reported a 200% growth on social media in the past six months. Emma Bates and Diviapreet Singh founded Diem in November 2019. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $124,000. The campaign proceeds will be used for engineering, marketing, introducing new features, and growing the user base.

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Investment Overview

Committed this round: $85,591

Deal Terms

Total Commitments ($USD)

Platform
Wefunder
Start Date
02/04/2025
Close Date
04/30/2026
Min. Goal
$50,000
Max Goal
$124,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$14,800,000

Discount

20%

Company & Team

Company

Year Founded
2019
Industry
Media, Entertainment & Publishing
Tech Sector
MediaTech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
Low
Location
New York City, New York
Business Type
High Growth
Company Website
Visit Website

Team

Employees
9
Prior Founder Exits?
No
Founder Name
Emma Bates
Title
CEO
Founder Name
Divia Singh
Title
COO

Financials

as of January 1, 2025
 Revenue
$756
 Monthly Burn
$85,000
 Runway
7.6 months

Summary Profit and Loss Statement

FY 2024 FY 2023

Revenue

$756

$5,500

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-350,360

$-1,268,463

Summary Balance Sheet

FY 2024 FY 2023

Cash

$531,595

$668,682

Accounts Receivable

$0

$0

Total Assets

$559,010

$713,801

Short-Term Debt

$11,413

$3,856

Long-Term Debt

$0

$0

Total Liabilities

$11,413

$3,856

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$4,429,500
VC Backed?
Yes
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/30/2026 Wefunder $14,800,000 $85,591 SAFE Active RegCF
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Add to portfolio
Diem on Wefunder 2025
Platform: Wefunder
Security Type: SAFE
Valuation: $14,800,000

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