Digs – an AI collaboration platform for home builders and homeowners – announced the expansion of its funding and C-suite with additional investment and new executive staff. This combination aims to accelerate the initial momentum of the company’s rollout and fuel the launch of a marketplace. The new $7 million seed funding round – led by Oregon Venture Fund (OVF) and Legacy Capital Ventures – includes follow-on participation from investors in the prior $7 million pre-seed round.
Notable contributors include Fuse, Flying Fish, Betaworks, PSF, Cascade Seed Fund with additional investment from Deepwater Asset Management, where Gene Muster serves as Managing Partner.
The Digs platform now serves users in all 50 states and Canada, spanning builders, suppliers, contractors, and homeowners. And transitioning from beta to full availability in under a year, it hosts diverse projects, from boutique builders to national developers, representing over $3+ billion in home value on the platform.
To help scale the platform, Digs also added veteran technology executive Jef Holove as Chief Operating Officer. Holove has held senior roles in several consumer companies with the most recent being Chief Executive Officer of Drop, an e-commerce marketplace for bespoke consumer tech products, acquired by Corsair in 2023. Jef will be responsible for Digs’ supporting business functions and developing the platform’s marketplace.
Digs’ digital twin for the home will provide comprehensive details enabling homeowners for easily managing and improving their homes through insights available at the press of a button. And as part of Digs’ marketplace strategy, builders can engage in an ongoing opportunity with homes they construct and partner with Digs to share marketplace revenue throughout the life of the home.
KEY QUOTES:
“It’s fantastic to have proven investors like OVF and Legacy lead our Seed round and partner in helping us navigate all the challenges accompanying rapid growth.”
- Ryan Fink, CEO and co-founder of Digs
“Digs is taking how we build and own a home to the next level. We’re excited to partner again with Fink and team who are using AI to solve real pain points that millions feel every day, whether you’re a builder or a homeowner.”
– Gene Munster, Managing Partner at Deepwater
“The platform’s focus on the homeowner’s experience, a largely unaddressed area in construction technology, sets it apart in a market ripe for improvement. We believe Digs is not just an investment in a product but an investment in the future of how homes are built and maintained.”
– Deepthi Madhava, Oregon Venture Fund
