Digt AG, focussed on community-based commerce and targeted marketing, closed an oversubscribed funding round, raising CHF 3.7 million including debt. This milestone follows Digt's journey to profitability, achieving mid-8-figure revenues and over 60% annual growth since its founding in 2019, all while being bootstrapped.
Digt was established in 2019 with the goal to transform the way brands interact with clearly defined communities and has rapidly become a leading force in the Swiss tech industry. The company's proprietary platforms, including Brands For Employees and Brands For Students, have attracted over 400,000 users, with a growth rate of over 60% per year.
Brands For Employees has formed partnerships with more than 2,500 of Switzerland's leading employers, including large corporates such as UBS, SBB, Julius Bär, and Swisscom. These partnerships offer employees highly attractive deals on a range of products and services. The platform has been commended for its flexibility, speed and seamless collaboration with client companies. Similarly, the Brands For Students platform engages students at all major Swiss universities, including ETH, HSG, and the University of Bern.
Digt uses its closed commerce infrastructure to deliver exclusive prices and offers from over 1000 top brands, including well-known names such as Swiss, Dyson, On Running, and Apple. The company is continuing to expand its reach and enhance value for all stakeholders through strategic partnerships with industry leaders such as TWINT, 20 Minutes, Le Matin, and the Swiss Card program by Swiss cantonal banks.
Investors in the round include Vantra and business angels. “Digt has an exceptionally strong team that has proven how to build a profitable company through innovation and a clear strategy. For us as investors, it was crucial that the focus is not only on product trading but especially on the unique software and data solutions that constitute the long-term value of the company,” says Dennis Nordemann, founder of the Zug-based investment company Vantra. “We look forward to supporting this company on its path to international scaling.”
"We are thrilled to have secured this investment, which validates the strength of our business model and empowers us to further our mission of redefining community-based commerce," said Nick Huber, Founder and CEO of Digt AG. "Our focus on unique software and data solutions, combined with our proven ability to scale profitably through innovation and a clear strategy, has been a key driver of our success and a major factor in attracting investors. This funding accelerates our ability to deliver even greater value to our users and partners."
This capital injection will enable Digt to refine its model for international expansion, enhance its technology infrastructure, and solidify its market leadership. Upcoming projects will explore the intersection of different communities to amplify user value.
(Press release / SK)
The new Swiss Venture Capital Report was published on 26 January. It analyses 304 financing rounds closed in 2020 and includes further article such as an interview with Michael Hengartner, President of the ETH Board, and a list of Swiss "soonicorns". 
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