Perchwell Secures $25 Million in Series B
Perchwell, a New York-based modern data and workflow platform for residential real estate, has secured $25 million in Series B financing.
The round was led by Lux Capital, joined by strategic investors including Starwood Capital Group, Flex Capital, Stellar MLS, REcolorado MLS, and California Regional MLS (CRMLS).
Lux Capital is a venture capital firm investing in emerging science and technology, partnering with founders challenging the status quo. With roots in NYC and expansion to Silicon Valley, Lux manages over $5 billion in assets and has a team of 30+ professionals investing at any stage from $100,000 to $100 million.
The company will use the funding to accelerate the delivery of advanced software to MLSs and brokerages nationwide, focusing on AI-driven data and workflow enhancements to boost real estate professionals' services and revenue.
Perchwell provides a modern data and workflow technology platform for the residential real estate industry. The platform integrates property-centric data, market analytics, and workflow enhancements into a seamless solution accessible via web and mobile applications. The company’s product offering includes data management, market research, and client collaboration tools for MLSs, brokers, and agents.
Funding Details
Company: Perchwell
Raised: $25.0M
Round: Series B
Funding Month: July 2024
Lead Investors: Lux Capital
Additional Investors: Starwood Capital Group, Flex Capital, Stellar MLS, REcolorado MLS, California Regional MLS
Company Website: https://www.perchwell.com/
Software Category: Real Estate Solutions