Diem Association Overview
- Year Founded
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2019
- Status
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Acquired/Merged
- Employees
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35
- Latest Deal Type
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M&A
- Latest Deal Amount
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$182M
Diem Association General Information
Description
Developer of a blockchain-based payment system designed to enable the open, instant and low-cost movement of money. The company's cryptocurrency is backed by a reserve of assets made up of cash or cash equivalents and very short-term government securities and is supported by an open-source protocol that facilitates a more accessible and connected global financial system, thereby enabling users to execute quick and secure transactions regardless of where they are spending or sending money.
Contact Information
Website
www.diem.com(Operating Subsidiary)
Corporate Office
- Quai de lIle 13
- 1204 Geneva
- Switzerland
Corporate Office
- Quai de lIle 13
- 1204 Geneva
- Switzerland
Diem Association Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 3. Merger/Acquisition | 31-Jan-2022 | $182M | Completed | Generating Revenue | ||
| 2. Early Stage VC | 20-Mar-2020 | Completed | Startup | |||
| 1. Corporate | Completed | Startup |
Diem Association Comparisons
Industry
Financing
Details
Diem Association Competitors (16)
One of Diem Association’s 16 competitors is BitPay, a Venture Capital-Backed company based in Atlanta, GA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| BitPay | Venture Capital-Backed | Atlanta, GA | ||||
| Litecoin Foundation | Venture Capital-Backed | Singapore, Singapore | ||||
| Bcause | Venture Capital-Backed | Berlin, Germany | ||||
| ShapeShift | Venture Capital-Backed | London, United Kingdom | ||||
| Lykke | Venture Capital-Backed | Zug, Switzerland |
Diem Association Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Diem Association Signals
Growth Rate
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Key Data Points
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Majestic Referring Domains
Diem Association Former Investors (8)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Andreessen Horowitz | Venture Capital | Minority | ||
| Blockchain Capital | Venture Capital | Minority | ||
| Coinbase Ventures | Corporate Venture Capital | Minority | ||
| Meta Platforms | Corporation | Minority | ||
| Paradigm (Crypto Fund) | Venture Capital | Minority |
Diem Association FAQs
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When was Diem Association founded?
Diem Association was founded in 2019.
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Where is Diem Association headquartered?
Diem Association is headquartered in Geneva, Switzerland.
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What is the size of Diem Association?
Diem Association has 35 total employees.
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What industry is Diem Association in?
Diem Association’s primary industry is Financial Software.
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Is Diem Association a private or public company?
Diem Association is a Private company.
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What is the current valuation of Diem Association?
The current valuation of Diem Association is .
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What is Diem Association’s current revenue?
The current revenue for Diem Association is .
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Who are Diem Association’s investors?
Andreessen Horowitz, Blockchain Capital, Coinbase Ventures, Meta Platforms, and Paradigm (Crypto Fund) are 5 of 8 investors who have invested in Diem Association.
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Who are Diem Association’s competitors?
BitPay, Litecoin Foundation, Bcause, ShapeShift, and Lykke are some of the 16 competitors of Diem Association.
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When was Diem Association acquired?
Diem Association was acquired on 31-Jan-2022.
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Who acquired Diem Association?
Diem Association was acquired by Silvergate Capital.
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