DIEMlife

Neutral
BETA

Platform helping organizations manage communities and events

Analytics

Raised to Date: $85,025

Aggregate Commitments $
Platform

Wefunder

Start Date

07/10/2020

Close Date

01/01/2021

Min. Goal

$100,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$5,000,000

Discount Rate

0%

Weekly Commitments $
Status

Active

Reporting Date

12/02/2020

Days Remaining

29

% of Min. Goal

85%

% of Max. Goal

8%

Likelihood of Max
Avg. Daily Raise

$586

Momentum
Location

New York, NY

Industry

Business Services, Software, & Applications

Tech Sector

MarketplaceTech

Distribution Model

B2B

Margin

High

Capital Intensity

Low

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

$0

Total Liabilities

$411,798

$270,718

Ratings

last updated 12/03/2020

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