Oregon Venture Fund and Legacy Capital Ventures Lead $25M Funding Round for Digs’ Innovative Home Construction Software
In a significant funding development, Digs, the web-based software company revolutionizing home building processes, has successfully raised $25 million in a funding round led by Oregon Venture Fund and Legacy Capital Ventures.
This round saw participation from investors who were part of the prior $7 million pre-seed round, including Fuse, Flying Fish, Betaworks, PSF, Cascade Seed Fund, and additional investment from Deepwater Asset Management.
Accelerating Expansion Plans
Digs, led by CEO Ryan Fink, plans to utilize the newly secured funds to expedite the rollout and launch of its highly anticipated marketplace.
The company, known for leveraging human-centric design and patent-pending artificial intelligence (AI), simplifies the organization of documents, facilitates collaboration among stakeholders, and automates digital homeowner handoffs for residential builders and homeowners.
Digs’ Impressive Platform Reach
The Digs platform has achieved a remarkable milestone by serving users across all 50 states in the U.S. and Canada.
Its diverse user base includes builders, suppliers, contractors, and homeowners.
Transitioning from beta to full availability within a year, the platform hosts a wide range of projects, from boutique builders to national developers, representing a cumulative home value of over $3 billion.
Strategic Leadership Addition: Jef Holove as COO
To fortify its scaling efforts, Digs has appointed Jef Holove as Chief Operating Officer. Holove, a seasoned technology executive, brings valuable experience from senior roles in consumer companies.
His most recent position was as Chief Executive Officer of Drop, an e-commerce marketplace for bespoke consumer tech products, which was acquired by Corsair in 2023.
In his role as COO, Holove will oversee Digs’ supporting business functions and play a pivotal role in developing the platform’s marketplaceShare on Facebook «||» Share on Twitter «||» Share on Reddit «||» Share on LinkedIn