Digit, a B2B SaaS company creating a next-generation cloud inventory and manufacturing platform for small and mid-sized manufacturers, announced the closing of a $2.5 million oversubscribed seed round. Assembly Ventures led the funding round, which also included Hyde Park Angels (HPA) and Grand Ventures.
This funding round will enable Digit to fast-track product development, double its engineering team, grow its sales team, and continue to provide high-touch customer support as it scales to meet growing demand. Created for manufacturers based directly on their needs, Digit’s platform merges essential tools — inventory management, MES, MRP, WMS, and soon CRM — into one cohesive operating system. Digit stands apart by offering a streamlined, intuitive experience that challenges the complexity and rigidity of legacy ERPs.
Digit’s seed round investors have invaluable industry expertise, with Assembly Ventures, HPA, and Grand Ventures each focused on the importance of providing solutions to North America and the Western world’s manufacturing sector and providing connections to key industry players along with extensive sector knowledge. And along with their operating partners, each has already helped to shape Digit’s go-to-market strategy, recruit top talent, and accelerate growth and product development.
Digit is now focused on empowering manufacturing and distribution companies across a variety of sectors and sub-sectors. The company’s platform emphasizes rapid onboarding, with user-friendly setup tools, and a dedicated support team that understands the complexities of each manufacturing environment.
Since the spring 2024 launch, Digit rapidly gained traction across manufacturing and distribution sectors like recycling, plastics, food & beverage, and insulation, with new capital poised to accelerate its mission of giving SMB manufacturers the solutions they deserve.
KEY QUOTES:
“Our mission is to empower manufacturers to break free from outdated and clunky ERP solutions that are rigid, costly, difficult to implement, and fail to adapt to evolving needs. With this funding, we’re focused on making Digit the go-to operating system for manufacturing — a platform that combines power with flexibility to drive real, measurable impact for our customers.”
– Dan Koukol, CEO of Digit
“Digit’s passion to modernize ERP for manufacturing is real and incredibly impressive. Their commitment to proactive operations and providing a competitive edge is genuine, and we’re excited to team up with Dan and the entire Digit team to create a truly transformative product that revolutionizes American manufacturing processes.”
– Chris Thomas, board director at Digit and Co-Founder and Partner at Assembly Ventures
