In September, WYTH will launch the second generation of its SaaS platform. This move is enabled by the proceeds from the pre-seed financing round with Privilège Ventures as the lead investor. The capital will also allow for accelerating commercial expansion.
Wyth is the experience creation platform that enables users in a few simple steps to bring their digital private community to life, connect all audiences with their organization, and keep them engaged with meaningful experiences. Wyth also enables companies to activate and support new business models for private communities and events, with specific solutions dedicated to distributed enterprises, education, entertainment and institutions.
The Lugano-based company has already collaborated with several customers and partners using the platform. Companies and institutes include 24Ore Business School, Locarno Film Festival, Doc Lisboa, Listone Griordano, SUPSI, Knorr, Identity Group, EAVE, NTT Data, and many others.
Moving forward, Wyth has secured fresh funds in a pre-seed investment round to enable its plans. “With this first round, we will be able to reach an important milestone, the launch of the SaaS platform, which will provide a completely new, easy and engaging experience to our customers and their respective communities. We are just at the beginning of our journey which we know will take us far”, commented Samuele Franzini, co-founder and CEO of WYTH.
The round was led by Privilège Ventures and was supported by the participation of DAA Capital Partners, DART Labs Ventures, and Gentian Investments AG and an angel investor.
Jacqueline Ruedin Rüsch, Founding General Partner at Privilège Ventures added “I met Samuele when he was just starting his project during the Boldbrain Accelerator. He is a visionary founder with strong determination.” Jacqueline, who has joined the board of Wyth as Chair of the Board added “I’m really looking forward to working with the team and the other investors who joined the round.” Elian Kool, chairman of Gentian Investments adds: “I‘m fully bought in on the vision of WYTH, but even more impressed me what the company had already delivered to customers“.