Total amount raised
$38.8 Millions
Latest funding date
11/1/2021
Location
Luxury Presence has successfully raised significant funding through multiple rounds, with the latest being a Series B. The company provides advanced technology and marketing tools tailored for real estate agents and brokers.
Keep reading to explore the intricacies of Luxury Presence's fundraising journey and the investors backing this innovative platform.
What Is Luxury Presence?
Luxury Presence, founded in 2016 by Malte Kramer, is headquartered in Santa Monica, California. The company specializes in providing high-end technology and marketing tools tailored for real estate agents and brokers.
With a team of 501-1000 employees, Luxury Presence offers a range of services including website development, IDX home search portals, and digital marketing solutions. Their goal is to empower real estate professionals by enhancing their online presence and generating new leads.
Luxury Presence's comprehensive suite of products includes property websites, digital comparative market analysis tools, and integrations with various MLS boards and CRM platforms. This innovative approach has positioned them as a leader in the real estate technology space.
How Much Funding Has Luxury Presence Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: November 2018
- Lead Investors: Switch Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and develop initial product offerings.
- Series A
- Amount Raised: $5.4M
- Date: January 2020
- Lead Investors: Switch Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $25.9M
- Date: November 2021
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance marketing efforts.
- Series B
- Amount Raised: Not publicly disclosed
- Date: March 2022
- Lead Investors: 75 & Sunny
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market reach and improve technology infrastructure.
- Series B-1
- Amount Raised: $19.2M
- Date: August 2023
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and launch new features.
Total Amount Raised: $50.5M
Current Valuation: Not publicly disclosed
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a prominent venture capital firm that invests in early-stage, hyper-growth startups. They have a long history of successful investments across various sectors.
- Investment Focus Areas: Enterprise software, consumer technology, healthcare, financial services
- Notable Investments: LinkedIn, Shopify, Pinterest
- 75 & Sunny
- Details: 75 & Sunny is a venture capital firm founded by Spencer Rascoff, co-founder of Zillow. The firm focuses on early-stage investments in innovative startups.
- Investment Focus Areas: Real estate technology, consumer internet, marketplaces
- Notable Investments: Pacaso, Flyhomes, Tomo
- Switch Ventures
- Details: Switch Ventures is a venture capital firm that focuses on early-stage investments. They are known for backing innovative startups with high growth potential.
- Investment Focus Areas: Early-stage technology startups, innovative solutions, high growth potential
- Notable Investments: Lambda School, Sisu
What's Next for Luxury Presence?
Luxury Presence is poised to capitalize on the growing demand for tech-driven marketing solutions in real estate. With their AI-powered mobile platform, Presence Copilot™, they aim to enhance the efficiency and client engagement of over 9,000 agents, teams, and brokerages. This significant opportunity could lead to further expansion and product development, potentially attracting more top-tier real estate professionals.
Given their recent successful funding rounds, future fundraising seems likely as they continue to innovate. However, they may face challenges such as intense competition and the need to keep up with rapid technological advancements. Ensuring the scalability and reliability of their platform will be crucial as they grow.
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