Perchwell, a modern data and workflow platform for residential real estate, announced its $25 million Series B financing. Lux Capital is leading the funding, joined by a group of strategic real estate and financial investors, including Starwood Capital Group, Flex Capital, Stellar MLS, REcolorado MLS, and California Regional MLS (CRMLS).
The funding will accelerate delivering best-in-class software to MLSs and brokerages in New York City and nationwide. And among other features, Perchwell’s product development will focus on AI-related to data and workflow enhancements that empower real estate professionals to enhance their services and generate more revenue.
With the real estate industry undergoing significant change and the value of agent services remaining under a critical spotlight, MLSs and brokerages are demanding cutting-edge technology and data solutions to serve homebuyers and sellers better. Perchwell offers a modern end-to-end solution, streamlining workflows and providing professionals with state-of-the-art tooling to compete in this evolving landscape.
This 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 ever-demanding environment.
KEY QUOTES:
“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.”
“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.”
- Brendan Fairbanks, CEO of Perchwell
“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.”
- Peter Hébert, Co-founder and Managing Partner at Lux Capital, will be joining Perchwell’s board of directors
“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.”
- Merri Jo Cowen, CEO of Stellar MLS, one of the largest MLSs in the U.S. with more than 84,000 customers
