Digs Secures $7M for Home Collaboration Platform
Vancouver, Washington-based Digs, a collaboration platform catering to home builders, vendors, and eventually homeowners, has announced an extension of its $7 million seed round from 2023, raising an additional $7 million. The new round was led by the Oregon Venture Fund (OVF) and Legacy Capital Ventures, with continued support from existing investors like Fuse, Flying Fish, Betaworks, and PSF, along with participation from Deepwater Asset Management.
Company Vision
Digs, led by CEO and co-founder Ryan Fink, aims to provide a digital twin of homes, enabling seamless collaboration among stakeholders in the homebuilding process. Fink, previously involved in Streem, acquired by Frontdoor in 2019, emphasizes the platform’s role in facilitating document sharing and understanding through AI and computer vision technologies.
Investor Perspective
Gene Munster, managing partner at Deepwater, lauds Digs for its innovative approach in addressing common pain points for builders and homeowners. He highlights the platform’s utilization of AI to streamline processes and enhance user experience, positioning Digs as a game-changer in the industry.
Expansion and Leadership
Having transitioned out of beta, Digs is now operational in the U.S. and Canada, serving both boutique builders and national developers. To support its growth trajectory, the company has appointed Jef Holove as Chief Operating Officer. With a wealth of experience from notable companies like Drop and Streem, Holove brings strategic insight and operational expertise to Digs.
Platform Features
Holove underscores the comprehensive nature of Digs’ digital twin, encompassing crucial home details such as room dimensions, paint specifications, and fixture compatibility. This holistic approach promises enhanced home management and customization, empowering users with tailored insights and recommendations.
Future Outlook
As Digs continues to innovate and expand its offerings, backed by substantial funding and experienced leadership, it aims to revolutionize the homebuilding landscape. By leveraging cutting-edge technology and fostering collaboration, Digs seeks to redefine how homes are built, owned, and managed in the digital age.
