NEWS4 July 2016

Digi.me raises £4.2m in Series A funding

Data analytics Financials GDPR News Technology UK

UK – Personal data tech company digi.me has secured £4.2 million ($6.1m) from Series A funding led by global re-insurer Swiss Re.

The company said that the new funds would help accelerate the development and launch of its permission access platform. This platform allows users to bring together wide-ranging data such as health and financial information and, if they wish, share it with businesses in exchange for personalised services, convenience or reward.

Digi.me founder and chairman Julian Ranger said: “This is a watershed moment for digi.me. Following our extensive work and innovation in the concept of each of us truly owning and controlling our own personal data, this investment enables us to make the Internet of Me available to everyone, consumers and businesses alike.

“This concept, which is better for the individual and also better for businesses who can access rich data with full user permission, while meeting all new data protection rules such as the GDPR, will allow digi.me to accelerate its activities with a number of multi-national companies who we are already working with, and bring further major businesses into our new ecosystem.”

Digi.me’s current app, which gathers pictures and posts from the major social media networks, has more than 400,000 users in 140 countries.

In the past 12 months it has signed Toshiba, Lenovo and Evernote as partners as well as appointing Jim Pasquale as executive vice-president North America as part of its international expansion.

@RESEARCH LIVE

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