# Digs Connect

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/digs-connect

- Industry: Internet
- Headquarters: UK
- Website: www.digsconnect.com
- Latest round: Seed (Apr 25, 2022)
- Investors on record: 4

## About

DigsConnect, based in the UK, specializes in providing innovative student accommodation solutions, connecting students with diverse rental options tailored to their needs.Founded in 2017 in the UK, DigsConnect is dedicated to facilitating student accommodation needs. The company, led by CEO Alexandria Procter, has engaged in 4 deals, with their most recent funding round being a Grant of ZAR 3.000 mn led by the Michael and Susan Dell Foundation on May 11, 2023. The total amount raised by DigsConnect amounts to ZAR 12.000 mn.DigsConnect.com specializes in providing student accommodation solutions, focusing on the needs of students in South Africa and globally. The company offers a diverse range of rental options, including furnished apartments, shared houses, and various types of student residences. These accommodations are equipped with essential amenities such as Wi-Fi and off-street parking, catering to both local and international students seeking housing near universities and educational institutions. DigsConnect.com serves a broad clientele, including students from universities in Cape Town, Johannesburg, Pretoria, and Durban, among others, thereby addressing the demand for affordable and accessible housing options. By facilitating connections between landlords and students, the platform aims to simplify the process of finding suitable accommodation that aligns with students' budgetary constraints and lifestyle preferences.DigsConnect.com generates revenue through transaction-based models that connect landlords with potential tenants. The platform operates on a structure that includes direct-to-consumer transactions, where students can browse listings and secure accommodations directly from landlords. Each rental agreement involves payment of monthly fees, which can vary by type of accommodation and location; for instance, prices range from ZAR 4,600 to ZAR 26,500 depending on the amenities and proximity to educational institutions. This pricing framework allows students to find options that suit their financial capabilities while providing landlords with a steady stream of potential renters. Revenue is primarily derived from the rental agreements facilitated through their platform, highlighting its role as an intermediary in the student housing market.In May 2023, DigsConnect (Pty) Ltd. raised ZAR 3.000 mn in pre-Series A funding from new investor Intaba Capital. The company plans to utilize this funding to expand its market reach and enhance product development. Future initiatives include launching new accommodation solutions and targeting expansion into additional geographic markets to better serve students globally.

## Funding rounds

- Seed, Apr 25, 2022 — Goodwater Capital, Launch Africa Ventures, Five35 Ventures, Delta

## Investors

- Goodwater Capital (https://capitalatlas.ai/funds/goodwater-capital) — Seed
- Launch Africa Ventures (https://capitalatlas.ai/funds/launch-africa-ventures) — Seed
- Five35 Ventures (https://capitalatlas.ai/funds/five35-ventures) — Seed
- Delta (https://capitalatlas.ai/funds/delta) — Seed