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Softbank Vision Fund led a $65m Series C round in Digits.

Financials

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Transaction Value£49m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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business intelligence

Minority

predictive analytics

Friendly

Venture Capital

Completed

Acquisition

Private Equity

Cross Border

United States

Single Bidder

FinTech

fintech

Private

Synopsis

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Softbank Vision Fund, a venture capital fund, led a $65m Series C round in Digits, a financial management platform, with participation from 20VC Growth, GV, and Benchmark. "We've invested the last three years in building the technological foundations required to understand and model business finance, in real-time, as transactions happen. We call this the 'Living Model. Using advanced algorithms and machine learning, Digits automatically understands each business at the object level–its customers, suppliers, bank accounts, employees, and so on–and the transactions between them. This is what makes products like Digits Reports so powerful, yet so intuitive," Jeff Seibert, Digits Co-Founder..

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