Digicust: Million Euro Investment for Lower Austrian Customs Start-Up

Digicust closes its seed round with an investment of € 1.6 million. The start-up Digicust, based in Schwechat, specialises in the digitalisation of customs processing for freight forwarders. Following the two investments in February and March 2023, this is now the third investment within a year for the start-up from Lower Austria. In addition to the first two investors and the state funding, the largest investment was made by a private individual, thus finally concluding the start-up's seed round.

Further development & expansion

"In principle, our investment round would have been completed after the first two investments this year, but after intensive discussions we decided to accept the offer from a Swiss private investor. We now want to use the fresh capital to roll out our solutions globally and tap into new markets," says Borisav Parmakovic, CEO and co-founder.

AI "hype" plays into our hands

"For almost a year now, we've been experiencing a real "hype" about our product and its possibilities. In the past, AI solutions were difficult for customers to grasp and the need was often not recognised. Especially in a very characteristic industry like ours, it is difficult to break old patterns and processes. The understanding of AI and the relief it brings in other areas of life has also significantly increased demand for us," concludes Matthias Pfeiler, CMO and co-founder.