Digs, an AI-powered collaboration platform for homebuilders, announced $14 million in funding to support its growth, expand operations, and advance its marketplace strategy. The funding combines a $7 million Seed Round with a previously raised $7 million Pre-Seed Round.
The announcement also included the appointment of Jef Holove as Chief Operating Officer (COO), bringing experienced technology leadership to Digs as the company continues to develop its platform and marketplace vision.
Digs Raises $14 Million with Support from Notable Investors
Digs' $7 million Seed Round was led by Oregon Venture Fund (OVF) and Legacy Capital Ventures. The round also included participation from several investors in the company's previous $7 million Pre-Seed Round, including Fuse, Flying Fish, Betaworks, and PSF.
Deepwater Asset Management also provided additional support. Gene Munster, Managing Partner at Deepwater Asset Management, shared his enthusiasm for the company and its approach to solving challenges in home construction and ownership.
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“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,” said Munster.
Digs CEO and Co-Founder Ryan Fink expressed excitement about having proven investors lead the Seed Round and the support they have provided throughout the company's rapid growth. Several of the participating investors also backed Streem, a company previously founded by Fink and acquired in 2019.
Digs' Growth and Geographic Reach
At the time of the announcement, Digs served users across all 50 states and Canada. In less than a year, the company had transitioned from beta to full availability, supporting projects ranging from boutique builders to national developers.
The platform represented more than $3 billion in home value, reflecting its growing reach across the residential construction industry.
Munster also commended Digs for its potential to improve the home construction and ownership experience.
Jef Holove Joins Digs as COO to Support Its Marketplace Vision
Digs appointed Jef Holove as Chief Operating Officer to help scale the company's operations and support its marketplace strategy.
Holove is a seasoned technology executive with experience at consumer-focused companies. In his role at Digs, he oversees business functions while helping develop the company's vision for a marketplace connected to the homes built on its platform.
Holove highlighted the value of the digital twin created by Digs. By bringing together information about a home, from room dimensions to fixtures, the platform gives builders and homeowners more comprehensive insights into the property. This information can simplify home management and improvement projects while supporting more tailored recommendations and experiences.
Digs' Marketplace Strategy Creates Ongoing Opportunities
Digs' marketplace vision centers on creating opportunities that continue beyond a home's construction. Builders can engage in ongoing opportunities connected to the homes they build, collaborating with Digs to share marketplace revenue throughout the lifespan of each home.
This strategy supports Digs' broader mission to improve the experience of building, owning, and maintaining a home.
Investors Share Their Confidence in Digs' Future
Investors Oregon Venture Fund and Legacy Capital Ventures expressed confidence in Digs' potential to help lead the market in digitally representing every home in the United States.
Deepthi Madhava of Oregon Venture Fund highlighted the opportunity to improve the homeowner experience, an area she sees as underserved in construction technology.
“Digs uniquely bridges the gap between home construction and homeownership, offering an unparalleled experience for both builders and homeowners.” said Madhava. “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, making it an exciting addition to our portfolio.”
Anthony Rich of Legacy Capital Ventures also shared his confidence in the company's direction and the team's approach to connecting homebuilding workflows.
"The Digs Team is attacking the problem surrounding the digitization of the home. Ryan and Ty are relentless about building the most elegant customer experience and connecting workflows in a way others have been unable to,” said Rich.
Rich also compared Digs' vision for residential home documentation to the impact CARFAX had on the automotive industry.
“We firmly believe that Digs will standardize digital documentation for the Residential Home Ownership Industry in a similar way that CARFAX did for the Automobile industry."
Building the Future of Home Construction and Ownership
The $14 million funding announcement, addition of strategic leadership, and marketplace vision represented important steps in Digs' growth. Together, these developments reflected the company's ambition to reshape how homes are built, documented, and maintained through AI-powered technology.
Digs is an AI-powered collaboration software built for homebuilders. From pre-con to aftercare, it keeps your team, trades, and clients aligned with one centralized workspace for decisions, documentation, digital handoff, and ongoing warranty support.
Unlock a happier home at Digs.com
