U.S. based existing investor MissionOG led the equity investment, which included participation of other top existing institutional investors: CI Financial, National Bank of Canada’s venture arm NA Ventures, U.S./UK VC Illuminate Financial and Purpose Financial, as well as existing angel investors.
Also participating in the round is new investor FigTree Financial, a leading multi-family office and a d1g1t client. CIBC Innovation Banking, the technology and innovation focused team within Canadian Imperial Bank of Commerce (CIBC), led the round’s debt facility.
d1g1t enables firms to elevate the quality of their advice and demonstrate its value to clients. The platform was created to transform the patchwork of legacy systems with a single, integrated platform that manages the entire wealth advisory life cycle through a seamless workflow that is highly intuitive and easy-to-use by the entire firm.
The startup said the financing follows its continued success, where in a short time it has grown its platform to service thousands of advisors at leading wealth management firms and multi-family offices in Canada, the U.S. and the Caribbean, managing over $200 billion in assets.
In the last year, d1g1t has been recognized with several awards, including Deloitte’s Fast 50, the Best Enterprise Wealth Management Platform in the 2023 Fintech Awards, and the WealthTech 100 as one of the world’s most innovative WealthTech companies.
d1g1t said it will leverage the funding to continue its rapid expansion in the U.S., scale operations, as well as continue its R&D investment to expand the platform capabilities and advance product innovation.
d1g1t co-founder and CEO Dr. Dan Rosen said:
We are excited to close this investment round with the support of an amazing group of leading Fintech investors and strategic partners, which will continue fueling our steady and sustainable growth. The confidence that our partners have placed in us validates our unique value proposition and highlights our commitment to empower wealth management firms with technology that enhances their high-value human advisory services and sets them apart in their client engagement.