DIEMlife
About this raise: 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.
Investment Overview
Invested : $110,251
Deal Terms
Total Commitments ($USD)
- Platform
- Wefunder
- Start Date
- 07/10/2020
- Close Date
- 04/29/2021
$100,000
$1,070,000
$100
SAFE
Seed
RegCF
$5,000,000
20%
Company & Team
Company
- Year Founded
- 2016
- Industry
- Business Services, Software, & Applications
- Tech Sector
- Distribution Model
- B2B
- Margin
- High
- Capital Intensity
- Low
Financials
- Revenue +341% YoY
- $160,634
- Monthly Burn
- $7,343
-
Runway
- 5.7 months
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Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 04/29/2021 | Wefunder | $5,000,000 | $110,251 | SAFE | Funded | RegCF |