Diagon
Latest round
- Seed
Last raised
- Apr 2024
Total raised
- $5.1M
Investors
- 8
About Diagon
Founded in 2023 and headquartered in San Francisco, US, Diagon operates in the battery equipment marketplace. The founder, Shridharan Muthu, has previously held leadership roles in technology-driven startups.Diagon Marketplace specializes in the buying and selling of battery manufacturing equipment, catering to a diverse range of customers in the battery production industry. The company's core offerings include high-quality equipment for research and development, pilot production, and large-scale manufacturing, featuring both new and used options. Key services include sourcing specialized equipment tailored to specific battery attributes and chemistry, along with exclusive deals on surplus and overstock items. The marketplace aims to create efficiencies by connecting buyers—such as battery manufacturers and R&D facilities—with trusted suppliers, ensuring seamless transactions.Diagon generates revenue through transactions facilitated on its platform, primarily focusing on B2B relationships within the battery manufacturing sector. The company operates on a commission-based model, earning fees from sellers for listing equipment and facilitating sales. Customers benefit from exclusive access to premium equipment listings, enhancing their purchasing decisions. Diagon also provides services like shipping and installation support, adding value to its offerings. The transaction structure promotes efficient exchanges, allowing companies to buy and sell surplus equipment while maintaining fair market prices. The company plans to design and launch new product offerings tailored to emerging battery technologies, with a focus on expanding into additional regions across North America and Europe by the end of 2025.
Who invested in Diagon
8 investors across 1 round
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Funding rounds
Seed
Apr 17, 2024
Amount
$5.1M
Investors
Questions about Diagon
Who invested in Diagon?
Diagon has 8 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Diagon raised?
Diagon has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Diagon last raise money?
Diagon's most recent round on record is a Seed, in Apr 2024.
What does Diagon do?
Founded in 2023 and headquartered in San Francisco, US, Diagon operates in the battery equipment marketplace.
Where is Diagon headquartered?
Diagon is headquartered in San Francisco, US.
Which VCs invest in companies like Diagon?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Diagon's stage. Their profiles are linked below.
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