Invest in Diem

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

FIRST GOAL HIT (You can still invest)

$1,110,446

raised from 336 investors
INVESTMENT TERMS
Future Equity
$14.8M valuation cap
Investor Perks:
$250, $500, $1K, $10K, $25K

Investment Terms

You will be investing in Diem through an SPV. This means that when you invest, you will be signing the SPV Subscription Agreement, not the direct investment contract. For more information on SPVs, see here.

Financials

We have financial statements ending December 31, 2024. Our cash in hand is $650,000, as of January 2025. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $85,000/month.

At a Glance

Jan 1 – Dec 31, 2024
$0
Revenue
-$1,079,925
Net Loss
$11,413
+196%
Short-Term Debt
$979,500
Raised in 2024
$650,000
Cash on Hand
Created with Highcharts 9.1.2$0$0$0$0-$1,132,207-$1,132,207-$1,079,925-$1,079,925RevenuesProfit20232024
Net Margin:
0%
Gross Margin:
0%
Return on Assets:
-116%
Earnings per Share:
-$0.08
Revenue per Employee:
$0
Cash to Assets:
57%
Revenue to Receivables:
~
Debt Ratio:
126%
Diem Enterprises Inc Financial Statements Review Report - Final executed.pdf
Management’s Discussion and Analysis of Financial Condition and Results of Operations

You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

Overview

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

Milestones

Diem Enterprises Inc. was incorporated in the State of Delaware in November 2019.

Since then, we have:
  • 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)
The Company is subject to risks and uncertainties common to early-stage companies. Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future.

Historical Results of Operations
  • Revenues & Gross Margin. For the period ended December 31, 2024, the Company had revenues of $0 compared to the year ended December 31, 2023, when the Company had revenues of $0.
  • Assets. As of December 31, 2024, the Company had total assets of $931,385, including $526,255 in cash. As of December 31, 2023, the Company had $869,438 in total assets, including $663,342 in cash.
  • Net Loss. The Company has had net losses of $1,079,925 and net losses of $1,132,207 for the fiscal years ended December 31, 2024 and December 31, 2023, respectively.
  • Liabilities. The Company's liabilities totaled $1,169,412 for the fiscal year ended December 31, 2024 and $3,856 for the fiscal year ended December 31, 2023.
Liquidity & Capital Resources

To-date, the company has been financed with $3,450,000 in equity and $979,500 in SAFEs.

After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 12 months before we need to raise further capital.

We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.

We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 12 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.

Runway & Short/Mid Term Expenses

Diem Enterprises Inc. cash in hand is $650,000, as of January 2025. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $85,000/month, for an average burn rate of $85,000 per month. Our intent is to be profitable in 12 months.

There have been no material changes in our financials since 12/31/24.        

We expect revenues and expenses in the next 6 months to be around $250k and $570k respectively.

We are not yet profitable but plan on achieving profitability in around 12 months. This is dependent multiple factors including but not limited to prioritizing profit over growth.

While the campaign is active we intend to raise from angels off platform and cover our short term burn with personal funds.

All projections in the above narrative are forward-looking and not guaranteed.

Risks

1
Competition: The search engine market is highly competitive. Diem will need to differentiate itself from established players like Google, Bing, and DuckDuckGo to gain market share.
2
The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company’s assets or profits and have no voting rights or ability to direct the Company or its actions.
3
Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.

Other Disclosures

The Board of Directors

Director Occupation Joined
Emma Bates CEO @ Diem 2019
Diviapreet Singh Board Member @ Retired 2019

Officers

Officer Title Joined
Emma Bates CEO, Treasurer, President, and Secretary 2019

Voting Power

Holder Securities Held Power
Emma Bates 4,000,000 Common Stock 30.8%
Diviapreet Singh 3,307,288 Common Stock 25.5%

Past Fundraises

Date Security Amount
Current SAFE $116,466
6/2024 SAFE $979,500
5/2022 Priced Round $3,450,000

Outstanding Debts

None.

Related Party Transactions

None.

Use of Funds

$50,000 7.9% wefunder fee. 70% engineering spend, 22.1% marketing spend.

$1,235,000 7.9% wefunder fee. 70% engineering spend, 22.1% marketing spend. Raising our maximum would allow us to accelerate our timeline to introduce new features and grow the user base.

Capital Structure

Class of Security Securities (or Amount) Authorized Securities (or Amount) Outstanding
Common Stock 18,195,537 7,955,366
Series Seed 1 Preferred Stock 4,077,472 2,577,280
Series Seed 2 Preferred Stock 393,514 393,514
Series Seed 3 Preferred Stock 48,673 48,673
Series Seed 4 Preferred Stock 503,645 503,645
Series Seed 5 Preferred Stock 312,368 312,368
Series Seed 6 Preferred Stock 1,072,686 1,072,686
Series Seed 7 Preferred Stock 94,434 94,434

The Funding Portal

Diem is conducting a Regulation Crowdfunding offering via Wefunder Portal LLC. CRD Number: #283503.

Form C Filing on EDGAR

The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.

Details