Dive
Early Stage
AI-powered meeting assistant
Overview
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
Valuation Cap
$23,400,000
Discount
0%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
04/30/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$0
Momentum
Not Funded
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Year Founded
2020
Industry
Business Services, Software, & Applications
Tech Sector
EnterpriseTech
Distribution Model
B2B
Margin
High
Capital Intensity
Low
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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