DIEMlife

DIEMlife

Early Stage

Platform helping organizations manage communities and events

Platform helping organizations manage communities and events

Overview

Raised to Date: Raised: $110,251

Total Commitments ($USD)

Platform

Wefunder

Start Date

07/09/2020

Close Date

04/28/2021

Min. Goal
$100,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$5,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

05/01/2021

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$376

# of Investors

65

Momentum
Funded
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Year Founded

2016

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

New York, New York

Business Type

Growth

DIEMlife, with a valuation cap of $5.5 million, is raising funds on Wefunder. The company has created a platform for organizations to manage the wellness of their communities. The platform streamlines workflows for fundraisers, events, and wellness initiatives in one place. The business model of DIEMlife works as annual recurring enterprise platform subscriptions. DIEMlife was founded by Timothy Midgley in 2016 and has raised over $380,000 since its inception. The proceeds of the current crowdfunding round, with a minimum raise of $100,000 and a maximum raise of $1,070,000, will be used for IT development, business development, partnerships, sales and marketing, and administration and operations. DIEMlife has five enterprise customers with annual subscriptions and has a strategic partnership with Syracuse University.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$160,634

$66,669

COGS

$0

$0

Tax

$229

$57

 

 

Net Income

$-88,116

$-69,119

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$41,811

$36,430

Accounts Receivable

$0

$0

Total Assets

$167,422

$114,458

Short-Term Debt

$61,798

$20,718

Long-Term Debt

$350,000

$250,000

Total Liabilities

$411,798

$270,718

Financials as of: 07/09/2020
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DIEMlife on Wefunder
Platform: Wefunder
Security Type: SAFE
Valuation: $5,000,000

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