Digs raises $7 million for its collaboration platform for home builders

Based in Vancouver, Washington He digs, a collaboration platform that provides homebuilders, sellers and — eventually — homeowners with something akin to a digital twin of the home, today announced that it has extended its $7 million seed round from 2023 with another $7 million. The new circle led Oregon Venture Fund (OVF) and Legacy Capital Ventureswith its existing investors like Fuse, Flying fish, Betaworks and PSF building on their previous investment and Deepwater Asset Management also joins this circle.

«It’s fantastic to have proven investors like OVF and Legacy leading our seed round and partners helping us navigate all the challenges that come with rapid growth,» said Digs CEO and co-founder Ryan Fink. «Bringing additional seasoned experience building and scaling consumer technology will ensure our ability to continue to effectively grow and accelerate our go-to-market strategy.»

Image credits: He digs

Fink, who founded the company with Ty Frackiewicz, previously built Streem, which aimed to create digital twins of homes without using phone cameras. Frontdoor acquired Streem in 2019. Now the team is taking a different approach that focuses more on helping builders, sellers and homeowners share documents, using AI and computer vision to help them better understand those documents. At its core is a modern real-time collaboration platform and document storage service.

«He’s digging it takes the way we build and own a home to the next level,” said Gene Munster, Managing Partner at Deepwater. «We’re excited to partner again with Fink and the team who are using AI to solve real pain points that millions feel every day, whether you’re a builder or a homeowner.»

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Digs is now out of beta and available in the US and Canada, and in addition to a few boutique builders, it also counts some national developers among its users.

To help grow the team, Digs has made recent hires Jeff Holove as its chief operating officer. Holove was previously the CEO of Drop, a marketplace best known for keyboards and audiophiles. Corsair acquired Drop in 2023. Perhaps more importantly, before that he was COO of Streem — and before that CEO of Basis, which Intel acquired in 2014 (and, as with many Intel acquisitions at the time, quickly abandoned). He was previously CEO of Eye-Fi, which was eventually acquired by Ricoh. Let me know if you notice a trend here.

«The digital twin that Digs creates for the home includes everything home builders and homeowners need to know — from room dimensions, color and appliance specs, to which water filter is compatible with the refrigerator,» Holove said. «Imagine the unprecedented ease of managing and improving homes with insights tailored to your interests, available at the touch of a button.»

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