I was going to say “VCs shovel cash into Digs” for the pun, but that didn’t quite sound right. So let’s just keep it on the up and up. Vancouver, Washington, based Digs has raised an additional $5 million.
Digs employs 28 people and has raised nearly $20 million to date.
The latest $5 million raise is part of a “pre-Series A funding.” The round was led by Dallas-based firm SPLY Capital. Other backers include Oregon Venture Fund; Flying Fish; Portland Seed Fund, and Cascade Seed Fund. Digs customer Lanthorne Homes also invested in the latest round.
This marks the first time in a while that I’ve seen a trifecta of local funds participating in a round around here. And it’s nice to see Seattle’s Flying Fish in the mix, as well.
According to the Portland Business Journal:
The company also launched a DigsCare program that uses AI to streamline the warranty process and costs for builders. Homeowners can log into Digs and get questions answered about their home, like paint color or appliance details.
The digital twin and the information it affords homeowners is akin to what car owners can have through a CarFax report. Fink wants the Digs platform to be the arbiter of home information, like a HomeFax.
Business Insider also covered the news.
For more information, visit Digs.
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