Digital Wishes GmbH, the first start-up company founded by the Seven Miles Group, is being expanded gradually. To support further growth, an additional financing round in the mid-seven-figure range has been invested in the company. Outside funds have also been made available to the company to finance business operations. The capital in question was raised by Seven Miles Capital GmbH.
This additional financing round was necessary due to the growth of the WISHCARD product, which had significantly exceeded the company’s plans. „The expansion of our physical distribution network has been moving forward a lot faster than we expected it to do,“ says Tom Schröder, who along with Valentin Schütt serves as managing director of Digital Wishes GmbH. WISHCARDShave been available at the supermarket chain EDEKA since late 2015, then came the distribution to Kaufland stores throughout Germany, with distribution to thousands more stores currently in the production and implementation stages.
In order to accommodate this massive growth, it became necessary to expand the production capacity of the company’s own printing centre. This meant investing in a fully automated production line, greatly increasing the production limit from the previous limit of 1,000,000 vouchers per week. In addition, the elimination of manual labour from up to 30 production assistants increases the quality of the product. As part of the renovation, the display building and production floor in a new hall area were also enlarged, with production reduced to one continuous step thanks to real-time production techniques. The renovation increased the flexibility of the printing process and reduces the stock needed in production.
In addition to the increase in sales and distribution capacity, the company’s network of partners was also significantly expanded. In the first quarter alone, the company gained more than 100 new retail partners, with the total number of redeeming spots now at more than 5,0 00 online retailers. The options available to the customer are expected to be expanded further.
About Seven Miles:
The Seven Miles Group operates a technology platform and develops, distributes, and sells voucher products with flexible redemption options on their platform’s own online portals. Seven Miles covers the entire value chain, developing products and getting retail partners involved (including digital infrastructure), from in-house production to sales, both online and in-store. The resulting logistics infrastructure allows Seven Miles to respond dynamically and flexibly to the needs of both individual and corporate clients in the shortest possible time.
Seven Miles operates a digital voucher platform that partners with over 500 industry leaders, including Amazon, Google, Apple, IKEA, Zalando, and Facebook.
WUNSCHGUTSCHEIN AND WISHCARD – ONE VOUCHER FOR OVER 500 STORES:
Digital Wishes GmbH was founded in late 2014 to implement the WISHCARD business model. The company’s headquarters in Brilon houses the finance, legal, HR, sales, and production departments, while the Düsseldorf office team consists of technology, marketing, and customer service.
WISHCARD is a gift product designed as a combination greeting card and gift card (gift voucher). The WISHCARD universal gift voucher may be redeemed at more than 500 different partners. The card may be redeemed at a number of top retail outlets including Amazon, Zalando, H&M, Google Play, IKEA, iTunes, C&A, MEDIAMARKT, and many more. The WISHCARD voucher is sold both in stores and online, and among others is advertised as part of TV ad campaigns on major channels like Pro7, Sat1, RTL, VOX, Kabel1, SIXX, and DMAX.