Home Venture Capital Digs Raises $7M in Seed Funding

Digs Raises $7M in Seed Funding

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Digs

Digs

Digs, a Vancouver, WA-based provider of an AI collaboration platform for home builders and homeowners, raised $7M in Seed funding.

The round was led by Oregon Venture Fund and Legacy Capital Ventures, and included follow-on participation from investors in the prior $7m pre-seed round. Other contributors included Fuse, Flying Fish, Betaworks, PSF, Cascade Seed Fund with additional investment from Deepwater Asset Management.

The company intends to use the funds to accelerate the rollout and the launch of a marketplace.

Led by CEO Ryan Fink, Digs is a web-based software company that leverages human-centric design and patent-pending artificial intelligence (AI) to make it simple for residential builders and homeowners to organize documents, collaborate on home builds, and generate automatic digital homeowner handoffs.

Digs platform now serves users in all 50 states and Canada, spanning builders, suppliers, contractors, and homeowners. Transitioning from beta to full availability in under a year, it hosts diverse projects, from boutique builders to national developers, representing over $3B+ in home value on the platform.

To help scale the platform, Digs has added veteran technology executive Jef Holove as Chief Operating Officer.  Holove has held senior roles in several consumer companies, the most recent being Chief Executive Officer of Drop, an e-commerce marketplace for bespoke consumer tech products, acquired by Corsair in 2023. Holove will be responsible for Digs’ supporting business functions and developing the platform’s marketplace. 

FinSMEs

26/01/2024

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