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A CarFax-for-home-buying startup a day keeps the FOMO away.
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Startup of the Year: Daily Dealflow
Startup of the Year discovers and supports the most promising and innovative startups from around the world through #DailyDealflow, our Podcast & more.
Join us in New Orleans for INNOconf April 29-May 2 to meet this great startup and more!
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DigsFact
DigsFact is like CarFax for homes and commercial properties with "DIG-Hard" insights on a property's condition. Learn about work done related to repairs, maintenance and renovations on any house or commercial property, simply by typing the property address.
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DigsFact is like CarFax for homes and commercial properties, with valuable insights on a property's condition.
DigsFact caters to Real Estate Agents, Property Buyers/Sellers and Property Management Companies through its front end user interface, and
Insurance companies and lenders/appraisers via API integrations in the backend.
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What Problem Are They Solving?
There is no effective, trusted and convenient way for potential homebuyers, real estate investors, property management companies, lenders and insurance companies to understand a property’s condition, specifically, about any prior work done by property owners to either repair, maintain or renovate the property (residential & commercial). This makes it harder to make decisions regarding buying/investing in a property, or to accurately determine the appraised value/insurance premium.
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What's Innovative About Their Solution?
There is no other company that currently offers the same information that we do. Due the data being scattered and owned by multiple sources (cities, counties, homeowners, etc.), it will take any other company a significant time (1-2 years) to get to where we currently are.
Currently, homebuyers will have to call up each city or county to get information similar to what DigsFact offers. The process is tedious, ineffective, and inefficient. DigsFact has made it easy for its customers to simply type the property address, and see all the "DIG-Hard" insights on that property.
We are also in conversations with a major real estate tech company to tie in their MLS data with our data, as a better value prop for their end users, which are also our users. This will give us access to 28,000,000 monthly users, in addition to their realtors across United States.
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⚙️ Product Stage
Alpha—Public
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🏭 Industries
Fintech, Saas, Real Estate
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🤑 Fundraising Status
Actively raising
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💸 Total Funding
To Date
$100k-500k
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🙌 Founder Demographics
Minority founder
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Big Wins
We currently have 2000 users. We are also in conversations with a major tech real estate company to tie in their MLS data with our information for a better value proposition to their customers, who are potential homebuyers.
We are also in conversations with a major insurance company to do a proof of concept in one region before scaling this solution for homeowners insurance across the US.
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Contact the Founder:
Nishant Tomar
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Further Your Passion For Startups
The Startup of the Year Podcast raises the bar for startups around the world by providing further insight on the emerging companies featured in our Daily Dealflow newsletter and by highlighting newsworthy stories and global trends affecting the startup ecosystem. |
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2019 Startup Outlook Report
SVB is pleased to present the 10th edition of our annual Startup Outlook Report, focusing on the innovation economies of the US, the UK, China and Canada. Read the report here.
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