Home-builder software Digs doubles seed funding with latest $7M infusion

Digs, a digital collaboration platform for homebuilders, vendors, and homeowners, recently announced that it has extended its seed round with another $7M.

• Founding Story: Founded by Ryan Fink and Ty Frackiewicz, Digs is pioneering the concept of a digital twin for homes. This venture follows their earlier project Streem, a similar service that was acquired by Frontdoor in 2019.

• Investor Line Up: Oregon Venture Fund (OVF) and Legacy Capital Ventures led the recent funding round. Existing investors such as Fuse, Flying Fish, Betaworks, and PSF also participated, along with new investor Deepwater Asset Management.

• Use of Funds: The fresh capital will be utilized to navigate the challenges of rapid growth and fast-track Digs' marketplace strategy. The funding will also help accelerate the company's growth and efficiency.

• Product Offering: At its core, Digs delivers a state-of-the-art, real-time collaboration platform and document storage service for home building and ownership. This platform is now available across the U.S. and Canada and is being used by both boutique builders and national developers.

Recently, Digs welcomed Jef Holove as its Chief Operating Officer. Holove was previously the CEO of Drop, which was acquired by Corsair in 2023. Prior to that, he served as the COO of Streem and the CEO of Eye-Fi, which was later bought by Ricoh.