Diadem Capital, which helps connect private companies to venture capital, non-dilutive funding sources and venture debt, recently closed a $600,000 pre-seed round. The Buffalo-headquartered company aimed to raise $500,000.
The round was led by Launch NY and also included Innovent Capital Group, strategic investor Paddock Ventures, former Citi seniors and colleagues and angel investors like New York Angels and individual angels from the Buffalo area and Westchester County.
“All of this is a relationship business,” said Stephanie Rieben, CEO and co-founder who is based in New York City. “In the private world, it feels like founders are left to fight for themselves because there’s no platform out there or service that helps them, so that’s where we come in.”