With the addition of additional investment and new executive team members, Digs, an AI collaboration platform for home builders and homeowners, announced that its funding and C-suite would be expanded. As a result of the combination, the company intends to accelerate its initial rollout and launch a marketplace that will accelerate its growth.
It is estimated that the new $7 million Seed round will attract follow-on investment from investors from the prior $7 million pre-seed round, led by Oregon Venture Fund (OVF) and Legacy Capital Ventures. Among the key contributors are Fuse, Flying Fish, Betaworks, PSF, Cascade Seed Fund, with additional investment by Gene Muster, the Managing Partner of Deepwater Asset Management. 
It is fantastic to have proven investors like OVF and Legacy lead our Seed round as well as partnering with us to help us navigate all the challenges associated with rapid growth," says Ryan Fink, CEO and co-founder of Digs.
It is now the Digs platform that serves builders, suppliers, contractors, and homeowners across all 50 states and Canada. After transitioning from beta to full availability in less than a year, it hosts a variety of projects, ranging from boutique builders to national developers, totaling over $3 billion in home value on the platform.
As Gene Munster, Managing Partner at Deepwater, put it, "Digs is forever changing the way we build and own a home, and we are excited to be partnering again with Fink and his team, who are using AI to solve real pain points that millions of people face every day, whether they are builders or homeowners."
As part of Digs' efforts to scale the platform, Jef Holove, a veteran technology executive, has been appointed Chief Operating Officer. Throughout his career, Holove has held a number of senior roles in consumer companies, the most recent of which was as Chief Executive Officer of Drop, an e-commerce marketplace for bespoke consumer electronics products acquired by Corsair in 2023. As a Digs CEO, Jef will be tasked with supporting Digs' business functions and developing the platform's marketplace. 
In an industry ripe for improvement, the platform stands out for its focus on the homeowner's experience, an area that has been largely untapped in construction technology. Digs is not just an investment in a product, it is also an investment in the future of how homes are built and maintained," said Deepthi Madhava, a member of Oregon Venture Fund.
By utilizing Digs' digital twin for the home, homeowners will be able to access comprehensive details about their homes, enabling them to manage and enhance them with insights available instantly. Digs' marketplace strategy allows builders to participate in ongoing opportunities with the homes that they construct and to partner with Digs in order to share marketplace revenue for the lifetime of the home as part of Digs' marketplace strategy.
What Digs is all about
In Digs' mission, we aim to empower experiences that make homes happier. In order to simplify the process of organizing documents, collaborating on home builds, and automatically generating digital homeowner handoffs between home builders and homeowners, Digs is a web-based software company using human-centered design and patent-pending artificial intelligence (AI). As a result, Digs leads to more efficient builds, and it provides the homeowner with a complete digital understanding [digital twin] of their home that can be shared as well as used by other members of the family.
Digging into the source

Source prnewswire