d1g1t closes CAD16m financing round
d1g1t Inc, the provider of an enterprise wealth management platform powered by institutional-grade analytics and risk management tools, has closed a new fundraising round worth CAD16 million.
The round was led by returning d1g1t investor CI Financial Corp and included two new institutional investors: National Bank of Canada’s corporate venture capital arm NAventures and US-based fintech venture capital firm MissionOG.
d1g1t will leverage the funding to expand the capabilities of its platform, advance product innovation, scale operations and add to its sales and marketing teams – all with an eye toward supporting its continued growth and cementing its presence in the US wealth management market.
Dr Dan Rosen, d1g1t's co-Founder and CEO, says: "The company is both humbled and delighted that it continues to attract investment from some of the most prominent names in wealth management throughout North America. The confidence they have placed in us validates our unique value proposition and highlights that d1g1t's platform is fast becoming the preferred choice for firms eager to empower advisors with the most sophisticated technology offering in the industry."
The announcement comes as the company continues to experience explosive growth. Despite a global pandemic, d1g1t doubled revenue and grew its headcount by over 50 per cent in 2020.
Launched in 2016, d1g1t now has over 60 employees supporting some of the top wealth management firms, multi-family offices, registered investment advisors (RIAs) and broker-dealers in North America serving high-net-worth and ultra-high-net-worth investors.