Dive

Dive

Early Stage

AI-powered meeting assistant

AI-powered meeting assistant

Overview

Raised this Round: Raised: $0

Total Commitments ($USD)

Platform

Republic

Start Date

03/23/2023

Close Date

04/30/2023

Min. Goal
$25,000
Max. Goal
$1,235,000
Min. Investment

$100

Security Type

SAFE

Series

Series A

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$23,400,000

Discount

0%

Year Founded

2020

Industry

Business Services, Software, & Applications

Tech Sector

EnterpriseTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

Location

WILMINGTON, Delaware

Business Type

High Growth

Dive, with a valuation of $23.4 million, is raising funds on Republic. The company has developed an AI-powered meeting assistant that makes running meetings a breeze. The platform aligns everyone before the meeting to focus on important points, keeps track of the meeting, makes meetings actionable, and takes notes. Dive is led by an experienced team and has spread to more than 15,000 users in over 160 countries. Nitesh Agrawal and Om Prakash Shanmugam founded Dive in July 2020. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1.24 million. The campaign proceeds will be used for engineering, sales and marketing, and product development.

Summary Profit and Loss Statement

FY 2021 FY 2020

Revenue

$6,849

$50

COGS

$254,916

$2

Tax

$5,709

$0

 

 

Net Income

$-826,920

$-106,994

Summary Balance Sheet

FY 2021 FY 2020

Cash

$1,869,138

$1,484,720

Accounts Receivable

$7,005

$0

Total Assets

$1,927,891

$1,499,069

Short-Term Debt

$41,450

$7,671

Long-Term Debt

$200

$200

Total Liabilities

$41,650

$7,871

Financials as of: 03/23/2023
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Dive on Republic 2023
Platform: Republic
Security Type: SAFE
Valuation: $23,400,000

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