DigitalTown operates a blockchain-enabled platform that offers online storefronts to local businesses, enabling digital purchases without fees. The company licenses its platform to cities and also earns commissions from businesses that transact on the platform. DigitalTown says it works with more than 22,000 cities and municipalities and lists customers in Austin, San Antonio, Dallas, Miami, London, and Nashville. The company relaunched in 2016 after originally launching in 2005 and going public in 2007, and it currently has a 34-person team. DigitalTown has introduced a blockchain-based token called CityShares as part of its product vision. The company positions itself as a local alternative to large platforms like Google, Expedia, or Airbnb and aims to build sovereign, connected community economies.

Total raised

$2M

Funding rounds

1

Latest round

Equity

Latest activity

May 2018