Luxury Presence, a Santa Monica, California-based startup selling marketing software to real estate brokerages, announced that it raised $25.9 million in the Series B round.
The round was led by Bessemer Venture Partners, alongside fellow existing investors Toba Capital and Switch Ventures. Former Dallas Mavericks basketball player Dirk Nowitzki also participated in the round (making his first-ever institutional investment), along with other angel investors.
Luxury Presence will use the funds to build new sales products for agents, some of which it expects to announce later this year, as well as to continue iterating the platform’s design and user experience.
It will also invest in launching networks similar to its new Global Collective, which helps its 30 member agents, who all have at least $1 billion in individual sales, connect and share opportunities.
Company: LUXURY PRESENCE, INC.
Raised: $25.9M
Round: Series B
Funding Month: November 2021
Lead Investors: Bessemer Venture Partners
Additional Investors: Toba Capital, Switch Ventures, and Dirk Nowitzki
Company Website: https://www.luxurypresence.com/
Software Category: Selling marketing software
About the Company: Founded by Stanford Business School alumni Malte Kramer, Luxury Presence, Luxury Presence provides leading real estate agents with stunning websites, effective marketing plans, and access to an exclusive network. Luxury Presence's platform enables real estate agents to manage their websites and digital presence. Its software tools include 15 website templates, one-click property websites, and a modern MLS search tool. In addition, the company offers managed marketing plans for SEO, Google PPC, and social media advertising. Luxury Presence currently serves over 2500 clients in the U.S. and Canada - including 22 of the WSJ Top 100 real estate agents and teams.
Source: https://techcrunch.com/2021/11/16/real-estate-marketing-software-provider-luxury-presence-raises-25-9m-in-bessemer-led-series-b/