Total amount raised
$38.8 Million
Latest funding date
11/1/2021
Location
Luxury Presence has successfully raised $37 million in a Series C funding round, supported by 16 investors, including Bessemer Venture Partners as the lead investor. The company offers a suite of website and marketing systems tailored for real estate professionals.
With a total of seven funding rounds, Luxury Presence continues to innovate and expand its offerings, including AI-powered SEO, lead generation, and CRM solutions. 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, headquartered in Santa Monica, California, is a private company specializing in high-end website design and marketing solutions for real estate professionals. The company operates within the advertising and real estate industries, providing services such as AI-powered SEO, lead generation, and CRM solutions.
With a workforce of 501-1000 employees, Luxury Presence caters to solo agents, celebrity agents, growing teams, and brokerages. Their offerings are designed to help real estate professionals build their brand, scale their business, and deliver exceptional client experiences.
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 the company's initial operations and develop its core product offerings.
- Series A
- Amount Raised: USD 5,400,000
- Date: January 2020
- Lead Investors: Switch Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the company's market presence and enhance its product features.
- Series B
- Amount Raised: USD 25,900,000
- Date: November 2021
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and support the development of new technologies.
- Series B-1
- Amount Raised: USD 19,200,000
- Date: August 2023
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and enhance the company's AI-powered solutions.
Total Amount Raised: USD 50,500,000. Current Valuation: Not publicly disclosed.
Key Investors
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a prominent venture capital firm that has been a lead investor in multiple funding rounds for Luxury Presence. They are known for their extensive experience in supporting high-growth companies.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Not publicly disclosed
- 75 & Sunny
- Details: 75 & Sunny is a venture capital firm that participated in the Series B funding round for Luxury Presence. They focus on early-stage investments and have a track record of supporting innovative startups.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
- Switch Ventures
- Details: Switch Ventures is a venture capital firm that has been involved in multiple funding rounds for Luxury Presence, including the seed and Series A rounds. They specialize in early-stage investments.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for Luxury Presence?
Luxury Presence stands at the cusp of significant growth, driven by its innovative AI-powered mobile platform, Presence Copilot™, and its comprehensive marketing solutions. Serving over 9,000 agents, teams, and brokerages, including more than 20 of the top 100 WSJ real estate agents, the company is well-positioned to capitalize on the increasing demand for digital transformation in the real estate industry.
Future fundraising opportunities appear promising as Luxury Presence continues to expand its product offerings and market reach. The company is likely to attract further investments to support its ambitious growth plans and technological advancements. However, challenges such as competition from other proptech firms and the need to keep pace with rapid technological changes could pose hurdles along the way.
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