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Dex isn't accepting new investments

Dex’s deadline was January 15, 2023

Follow the company to stay updated on their progress, including future investment opportunities


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Dex

Integrated, frictionless personal CRM — the modern way to manage your network
B2C Social Media + Networks SaaS Software
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Featured image of Dex
$158,980
Raised
269
Investors
Successfully funded and closed on January 15, 2023.
Invest in Dex

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Co-investors
Y Combinator
The leading startup accelerator
Y Combinator is the world's top startup incubator and accelerator, known for producing breakthrough companies such as Airbnb, Twitch, Dropbox, Reddit, Instacart, Stripe, Coinbase and many others. YC has produced 102 companies worth $150M+ and 21 companies worth $1B+, with a total portfolio value of $155B+.
Y Combinator also invested in:
Companies
Pitch Updates Reviews 57
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Closed on January 15, 2023. Information may not be up-to-date. Campaign closed on January 15, 2023. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Dana HQ Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Dex Crowd SAFE Dex Form C.pdf
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Hear from some of the 269 investors in Dex


Show more

Highlights


Venture-backed
Company is backed by a venture capital firm
  • Backed by Y Combinator
  • A 21st-century rolodex that's powerful & a pleasure to use
  • 20,000+ users use Dex to build relationships + impress with thoughtfulness
  • Integrates with LinkedIn, Gmail, Facebook, Twitter, Instagram, & 27 more
  • Paywalls launched Jan 2021; $106k ARR w/ LTV of $231 (as of Jan 2022)
  • Tapping a $4.5B prosumer market

Problem


It's impossible to stay on top of your relationships

Even with LinkedIn, Facebook, and your address book, there’s no unified place for relationships. Finding where you left off involves checking 5 different tools.

Keeping-in-touch is hard

If you've thought 'I can't believe it's already been five years?,' you know it's easy to lose track. With a busy schedule, things slip through. Before you know it, you’ve forgotten to stay in touch with classmates, coworkers, and friends.

You miss opportunities in your network

When you need to ask for advice, hire, or fundraise, you'll need to rely on your network. Unless you 'have a system,' you'll forget the right people who can help.

Staying in touch = more opportunities
Being thoughtful = better opportunities

Solution


One place for everything

Dex is an integrated, modern Rolodex designed to be simple and powerful. Instead of focusing on sales teams, we're building for ambitious individuals who realize that their network is a source of personal fulfillment and professional value.  

We're focused on building a product that's simpler than a traditional CRM like Salesforce and far more powerful than a spreadsheet.  By empowering individuals to create a single source of truth from their relationships, we help users make the most of their network.

For our customers, we've built the personal CRM that they've spent years searching for.

Product


Dex is a radically
different CRM

Because Dex is built for individuals. We deliver a streamlined, focused product. When compared to existing solutions, Dex delivers a more integrated and automated experience. By taking the busy work out of relationships, Dex is also easier to stick with.

Getting started with Dex

It's easy to get started with our simple, self-service flow:


Integrate in existing workflow

After setup, users can install the Dex extension to integrate with LinkedIn, Facebook, Gmail, and more.

also works on


An automated no-work experience

By connecting LinkedIn and email, we'll keep Dex up to date. Contact job titles are regularly updated from LinkedIn and are shown with relevant email and calendar events.

Traction


From $0 to $11K in monthly revenue in 2021

Monthly Revenue (USD) from Jan 2021 - Nov 2021

Dex's early traction shows a market with a clear willingness to pay. Since launching paywalls in Jan 2021, our monthly revenues have steadily increased.

The data show we're building a product that people actually want. More importantly, our users stick with us — our current customer LTV as of Jan 2022 is $231. With 100,000+ manually logged notes over 7.5M contacts in Dex, we're just getting started.

Customers


We've built a product that people can't live without

Our users come from around the world and have found Dex to be the best solution for managing their relationships. From MBA students to ambitious professionals, our customers all realize relationships are worth the investment:

—

Q: How would you feel if you could no longer use Dex?


—

Users finally end their search
for the right personal CRM with Dex

—

Users not only love us,
they tell people about Dex

—

...and we're growing through word-of-mouth

Business model


Dex is starting with a freemium business model

First hard paywalls were launched in Jan 2021

Dex is offered as a software-as-a-service (SaaS) product with simple pricing. Users signup for free and upgrade online or by purchasing an in-app subscription.

Our free tier allows users to build trust with the product before subscribing.  Premium users unlock more functionality, including LinkedIn sync, and are able to use Dex without usage limits. 

To date, we've done little paid acquisition for Dex; we've relied on organic word-of-mouth.  With a LTV of $214, we're excited to further develop our paid acquisition channels and explore partnership opportunities in the next year.

Market


2023 is the right time for a breakout personal CRM

In 2022, there are more than 774M people on LinkedIn. Even more use their phone address book.  Our goal is to be as ubiquitous — even replace — the contacts app on your phone.  With this individual audience as a starting point, we're starting by targeting a $4.8B market:


Why now?


There could not be a better time for a breakout personal CRM:

  •  'Productivity' as a category with growing demand & willingness to pay, and successful prosumer companies (Calendly, Notion, Superhuman, etc).
  • Broader networks that are more digital, and professionally/personally entwined
  • Channel Fragmentation causing relationships context to be scattered -- communications happen across many channels.

Competition


A whole new world of CRM

Dex is a modern way to manage your relationships that isn't traditional CRM. We're not focused on pipeline or selling to sales teams. Instead, we're focused on delivering a frictionless, rewarding experience. A few key differences:


The problem we're solving isn't new for our users.  Many of our users have already tried tools that aren't built for the task.


When compared to other companies in the space, Dex is unique in our focus on building an integrated, automated tool targeted for individuals.

Vision and strategy


Dex becomes the operating system for professional relationships

We've already built a product useful for those who realize the importance of their network. Our goal is to become as ubiquitous as the contacts app on your phone. To do so, we'll introduce network effects and viral growth in our product itself.

In 2030, we envision a world where:

  • Signing up for Dex is standard practice among MBAs & professionals.
  • Dex is the CRM of choice for solopreneurs and small teams. We become the obvious choice for relationships that don't belong in a funnel.
  • Dex replaces the contacts app for ambitious professionals.

How we'll get there


Funding


Backed by Y Combinator, Amino, and Tapas Capital

All of our investors believe the status quo of relationship management isn't working.

We couldn't have built Dex without the participation and feedback of our early users.  Many of our early users have already invested in the product, and we're excited to share the opportunity of investing with more of our supporters.

Funds raised will be used to continue investing in our product, build long-requested features like iMessage / WhatsApp integrations, and supercharge growth.

Founders


A technical team
up for the challenge

As founder and CEO of Dex, Kevin Sun started Dex to solve his own problem. Having tried Notion, Airtable, and other solutions, he noticed how manual and tedious it was to manage relationships across platforms. With a background in software engineering and data visualization, he set off to build a solution that would bring everything together.

The Dex team brings shared experience quickly shipping products. We're no stranger to overcoming technical challenges, and we're proud of what we've accomplished with the 20+ platforms we support. We share a common goal: to build the integrated, delightfully easy solution our users have come to expect.

Deal terms


Valuation cap
$14M $16M
The maximum valuation at which your investment converts into equity shares or cash.
Learn more.
Minimum investment
$100
The smallest investment amount that Dex is accepting.
Learn more
Maximum investment
$250K
The largest investment amount that Dex is accepting.
Learn more
Funding range
$25K / $1.24M
100% of $25K minimum offering amount has been reached.

Dex needs to raise $25K before the deadline. The maximum amount Dex is willing to raise is $1.07M.
Learn more
Deadline
January 15, 2023
Dex needs to reach their minimum funding goal before the deadline (). If they don’t, all investments will be refunded.
Learn more
Security type
Crowd SAFE
A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event.
Learn more
Nominee Lead
Chief Executive Officer of Dana HQ Inc. (currently Kevin Sun)
Logo of Dex
Dex
Integrated, frictionless personal CRM — the modern way to manage your network
Raised amount Valuation cap
0 — $250,000 $14M
$250,000.01 — $1,235,000 $16M
Close
How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Dana HQ Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Dex Crowd SAFE Dex Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Dex.
Invest
$500
Receive
  • Free year of Dex Premium
Invest
$2,000
Receive
  • Free year of Dex Premium
  • Dex Hat
Invest
$10,000
Receive
  • All of the above
  • Recognition as a Dex Investor (optional)
Invest
$25,000
Receive
  • All of the above
  • Lifetime subscription to Dex
  • 1:1 call with the founding team (optional)
  • Recognition as an investor (optional)
  • Limited (15 left of 15)
Invest
$100,000
Receive
  • All of the above
  • Gift a lifetime subscription of Dex Premium
  • Recognition as a lead investor for crowdfunding round (optional)
  • Limited (5 left of 5)

About Dex

Legal Name
Dana HQ Inc.
Founded
Apr 2019
Form
Delaware Corporation
Employees
2
Website
getdex.com
Social Media
Headquarters
Google Map location of of Dex
340 S Lemon Ave #7240 , Walnut, CA
Headquarters
340 S Lemon Ave, #7240, Walnut, CA, United States 91789

Dex Team
Everyone helping build Dex, not limited to employees

Profile picture of Kevin Sun
Kevin Sun
Founder / CEO
Previously at Amazon and Infer. B.S. Applied Math from Harvard University
Profile picture of Jack  Cook
Jack Cook
Founding Engineer
B.S. Symbolic Systems from Stanford University
Profile picture of Omar  Cruz
Omar Cruz
Founding Engineer
Previously Sr. Fullstack Developer at Rever (Sequoia, Series A)
Profile picture of Josue Rodriguez
Josue Rodriguez
Founding Designer
Previously UX/UI Specialist at Rever (Sequoia, Series A)
Profile picture of Tomas Velez
Tomas Velez
Mobile Developer
2 more team members
Kevin Sun
Founder / CEO
Jack Cook
Founding Engineer
Omar Cruz
Founding Engineer
Josue Rodriguez
Founding Designer
Tomas Velez
Mobile Developer

Press

Dex - The Perfect Personal CRM for Coaches?
Libsyn
·
Sep 23, 2021

For every micro-cosmic success that I may have achieved, none of it would have been possible had I tried to do all of it ...

Managing Your Friendships, With Software
The Atlantic
·
Nov 7, 2019

A slew of new start-ups want to help people manage their relationships the way they would sales leads. Should we be worri...

Startups' new frontier: Optimizing your friendships
Axios
·
Aug 27, 2019

CRM ("customer relationship management") software is how salespeople keep track of their targets. Now "personal CRM," whi...

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Dex

Dex successfully raised $158,980 from 269 investors on January 15, 2023
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Ritwik, Yuri, Takashi, Alex, Nathan, and 264 others invested. 57 Reviews
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