News Briefs

Wealth management platform d1g1t scores equity and debt funding

MissionOG led the equity investment, which included participation from CI Financial, NA Ventures, Illuminate Financial, Purpose and angel investors.

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  • Also participating in the financing was new investor FigTree Financial, a multi-family office and a d1g1t client
  • CIBC Innovation Banking led the round’s debt facility
  • The funds raised will enable d1g1t to continue its US expansion, scale operations and continue its R&D investment to expand platform capabilities and advance product innovation.

D1g1t, a Toronto-based provider of a wealth management platform for financial advisors, registered investment advisors and multi-family offices, has raised equity and debt financing. No financial terms were disclosed.

MissionOG led the equity investment, which included participation from CI Financial, National Bank of Canada’s venture capital arm NA Ventures, Illuminate Financial, Purpose and angel investors. Also participating was new investor FigTree Financial, a multi-family office and a d1g1t client.

CIBC Innovation Banking, the technology lending arm of Canadian Imperial Bank of Commerce, led the round’s debt facility.

The d1g1t platform was created to transform the patchwork of legacy systems with a single, integrated platform that manages the entire wealth advisory lifecycle through a workflow that is intuitive and easy-to-use.

The funds raised will enable d1g1t to continue its US expansion, scale operations and continue its R&D investment to expand platform capabilities and advance product innovation.

“D1g1t brings true innovation and a unique blend of functionality and usability to its advisor customers,” said Andy Newcomb, managing partner, MissionOG, in a statement. “The demands and requirements of both advisors and their end customers have become more complex, yet the solutions to address their needs have largely remained stagnant. In response, d1g1t offers a total solution that has proven its ability to service and delight some of the industry’s most demanding customers.”

Based in Philadelphia, MissionOG invests in growth-stage businesses that have proven models in segments like financial services and payments, data platforms and software.