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NEW YORK, July 30, 2024 ~ Perchwell, a leading data and workflow platform for residential real estate, has announced a significant milestone in its growth. The company has secured $25 million in Series B financing, with Lux Capital leading the funding round. This investment will enable Perchwell to continue delivering top-of-the-line software to multiple listing services (MLSs) and brokerages in New York City and across the nation.
Lux Capital, who also participated in Perchwell's Series A funding, is joined by a group of strategic investors including Starwood Capital Group, Flex Capital, Stellar MLS, REcolorado MLS, and California Regional MLS (CRMLS). This diverse group of investors brings valuable expertise and resources to Perchwell's mission of revolutionizing the real estate industry through innovative technology.
The influx of capital will allow Perchwell to accelerate its product development efforts, with a focus on artificial intelligence (AI) related to data and workflow enhancements. This will empower real estate professionals to provide even more accurate and precise guidance to their clients while generating more revenue.
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Brendan Fairbanks, CEO of Perchwell, expressed his excitement about the company's progress: "At Perchwell, we are elevating the way real estate agents convey value to their clients. We provide agents with powerful property-centric data in web and mobile platforms under a single seamless solution, empowering them to deliver accurate, precise guidance at a moment's notice."
As the real estate industry continues to evolve and the value of agent services comes under scrutiny, MLSs and brokerages are seeking cutting-edge technology solutions that can help them better serve homebuyers and sellers. Perchwell offers an end-to-end solution that streamlines workflows and provides professionals with state-of-the-art tools to compete in this ever-changing landscape. The platform puts the MLS at the center of a modern tech ecosystem and features listing data enriched with supplemental data sets, plug-and-play APIs, powerful market analytics, and comprehensive mobile apps designed to help agents thrive in today's demanding environment.
Peter Hébert, Co-founder and Managing Partner at Lux Capital, who will be joining Perchwell's board of directors, commented on the company's innovative approach: "While other industries rely on integrated software tools to manage their work, real estate professionals still spend much of their time shuffling between disjointed MLS data repositories, search portals, and various other point solutions. Perchwell is setting the new industry standard by bringing all that tooling into a complete and modern software platform. Agents nationwide have come to trust Perchwell to provide an indispensable competitive advantage in today's dynamic real estate market."
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Merri Jo Cowen, CEO of Stellar MLS, one of the largest MLSs in the U.S. with more than 84,000 customers, also shared her enthusiasm for Perchwell's impact on the industry: "Perchwell is enriching the MLS user experience and advancing the core values of the MLS, giving agents a new edge to showcase their value. We are honored to be investors in Perchwell, knowing that the ongoing evolution of superior MLS systems/services fits with our commitment to bring success to brokers and agents."
Fairbanks expressed his gratitude for the support from Lux Capital and all Series B investors: "This financing will add fuel and speed to our expansion and broaden features of our platform, empowering agents as trusted advisors to their homebuyers and sellers. We are grateful for the support of Lux, our MLS partners, and all Series B investors." With this significant investment backing them up, Perchwell is poised for continued success in transforming the real estate industry through cutting-edge technology.
Lux Capital, who also participated in Perchwell's Series A funding, is joined by a group of strategic investors including Starwood Capital Group, Flex Capital, Stellar MLS, REcolorado MLS, and California Regional MLS (CRMLS). This diverse group of investors brings valuable expertise and resources to Perchwell's mission of revolutionizing the real estate industry through innovative technology.
The influx of capital will allow Perchwell to accelerate its product development efforts, with a focus on artificial intelligence (AI) related to data and workflow enhancements. This will empower real estate professionals to provide even more accurate and precise guidance to their clients while generating more revenue.
More on Nyenta.com
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Brendan Fairbanks, CEO of Perchwell, expressed his excitement about the company's progress: "At Perchwell, we are elevating the way real estate agents convey value to their clients. We provide agents with powerful property-centric data in web and mobile platforms under a single seamless solution, empowering them to deliver accurate, precise guidance at a moment's notice."
As the real estate industry continues to evolve and the value of agent services comes under scrutiny, MLSs and brokerages are seeking cutting-edge technology solutions that can help them better serve homebuyers and sellers. Perchwell offers an end-to-end solution that streamlines workflows and provides professionals with state-of-the-art tools to compete in this ever-changing landscape. The platform puts the MLS at the center of a modern tech ecosystem and features listing data enriched with supplemental data sets, plug-and-play APIs, powerful market analytics, and comprehensive mobile apps designed to help agents thrive in today's demanding environment.
Peter Hébert, Co-founder and Managing Partner at Lux Capital, who will be joining Perchwell's board of directors, commented on the company's innovative approach: "While other industries rely on integrated software tools to manage their work, real estate professionals still spend much of their time shuffling between disjointed MLS data repositories, search portals, and various other point solutions. Perchwell is setting the new industry standard by bringing all that tooling into a complete and modern software platform. Agents nationwide have come to trust Perchwell to provide an indispensable competitive advantage in today's dynamic real estate market."
More on Nyenta.com
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Merri Jo Cowen, CEO of Stellar MLS, one of the largest MLSs in the U.S. with more than 84,000 customers, also shared her enthusiasm for Perchwell's impact on the industry: "Perchwell is enriching the MLS user experience and advancing the core values of the MLS, giving agents a new edge to showcase their value. We are honored to be investors in Perchwell, knowing that the ongoing evolution of superior MLS systems/services fits with our commitment to bring success to brokers and agents."
Fairbanks expressed his gratitude for the support from Lux Capital and all Series B investors: "This financing will add fuel and speed to our expansion and broaden features of our platform, empowering agents as trusted advisors to their homebuyers and sellers. We are grateful for the support of Lux, our MLS partners, and all Series B investors." With this significant investment backing them up, Perchwell is poised for continued success in transforming the real estate industry through cutting-edge technology.
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