Vancouver software maker Digs secured $7 million from investors as it builds out its executive team and strategy.
The company makes software used by homebuilders during the building process to collaborate on design and construction as well as for hand-off to a buyer. The digital twin that is created within the Digs platform can help homeowners track and manage maintenance.
This latest capital brings the company’s total funding to $14 million. This round was led by Oregon Venture Fund and Legacy Capital Ventures. Existing investors Fuse, Flying Fish, Betaworks and Portland Seed Fund also participated. Additionally, the startup brought on Deepwater Asset Management.
“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,” said co-founder and CEO Ryan Fink in a written statement.
This is the third company Fink and his co-founders have built together. Several of the investors were backers of his previous startups, including Streem, which sold to Frontdoor in 2019.
“Digs is backed by founders with a successful track record in home improvement and technology and we are excited about Digs' potential to lead the market in digitally representing every U.S. home,” said Deepthi Madhava, partner at OVF, in a written statement. “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.”
The company has also added Jef Holove as chief operating officer. Holove was most recently CEO of Drop, an e-commerce marketplace for consumer tech products. That company was acquired by Corsair last year.
It’s Holove’s experience in marketplaces that Fink and the Digs team are looking to tap. The company sees opportunity building a marketplace around the data it has for homes built within the system. Plus it will have relationships with the builders and contractors who worked on properties and with the people who bought the homes.
“The digital twin that Digs creates for the home includes everything home builders and homeowners would need to know – from room dimensions, paint and fixture specifics, to what water filter is compatible with the fridge,” Holove said in a written statement. “Imagine the unprecedented ease of managing and improving homes with insights tailored to your interests, available at the press of a button.”
Digs launched in early 2023 and has 22 employees.
