Diem

Diem

AI social search engine, designed first for women & gender expansive folks.

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Security Type
CAFES
Categories
Technology, Other
Min Investment
$100
Location
New York, , NY
No. Investors
341
Website
askdiem.com

Key Deal Facts

Scaled our user base by 1,100% in 13 months
On track to hit $500k in ARR in Q2 2025 (not guaranteed)
Partnership activations with FEMINIST, National Domestic Violence Hotline, Bumble, Seed & Girlboss.
Raised $5M to date from investors like Acrew Capital, Flybridge, Techstars and XFactor Ventures
Buzzing community IRL and on socials (200% growth in the past 6 months)

Management Team / Advisory Board Bios

Emma Bates CEO & Co-FounderForbes 30u30 2022 | Techstars NYC 2020 | Away and Kings College London alum, Nalina SarmaChief Product & Design OfficerHead of Product Design, Geneva (acquired by Bumble) | Head of Design, Cook Unity, Amy Fraser Head of CommunityFounder of @OKREAL, 40K women's community in NYC and LA., Sarah Olson Lead Software EngineerSoftware developer for 25 years | Atlassian, Trello alum, Genevieve Tankosich Social LeadContent Creator | Social Media Manager, Meet Cute, Kate LindsayEditor & Media Advisor Co-Founder, Embedded | Host @ ICYMI Podcast | Refinery29, Cosmopolitan, The Atlantic alum, Kianna HendricksData Science & AI EngineerKianna Explains AI Creator, Monica LeeProduct ManagementGen She, Cornell alum, Joelyn NdifeCommunity ModeratorQualified Doctor, former primary care physician | OAU alum
Amount Raised : $1,121,946
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
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Valuation

Security Description

A CAFES (Contract and Future Equity Stake) can convert into different types of equity upon a Triggering Event, such as: common or preferred stock for a corporation, limited partnership interest for a limited partnership and membership interest for a limited liability company. At the time of the Triggering Event, the specific rights and limitations associated with the equity stake being issued to the investors will be determined and disclosed by the Entrepreneur.

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