Radius Agent (dba Radius) – a technology-focused and agent-centric real estate brokerage platform recently announced it has raised a $13 million Series B funding led by AXA Venture Partners and with participation from NFX, Cota Capital, and Sierra Ventures, among other existing investors. And Radius is a full-service and modern brokerage that provides real estate professionals and their teams with the support and tools needed to grow their business with a simplified and sensible commission structure. The company plans to scale its team further and offer the new funding.
Radius enables entrepreneurial real estate professionals with a dynamic, business-in-a-box integrated technology platform. And the company also offers teams with mentorship, recruiting, financial services, and marketing resources to build and amplify their brands. This funding round comes on the heels of a record year for Radius Agent, which saw a 293% growth in its agent base and 330% growth in revenue.
The company is known for its modern approach and functions as a vertically integrated real estate company and community platform. And the company’s hyper-focus on its agents’ and teams’ business needs has driven its remarkable growth and success. The Radius Agent Brokerage Platform offers a comprehensive suite of tools, technology, commission options, and white-glove services to propel real estate professionals toward their goals.
KEY QUOTES:
“We are delighted to partner with Radius as the real estate industry undergoes a rapid transformation. The Radius team has demonstrated a forward-looking, sustainable, and rapidly scaling model that aligns well with our portfolio of investments centered around supporting entrepreneurs and business owners.”
— Manish Agarwal, General Partner at AXA Venture Partners
“Radius’s mobile-first platform gives agents the tools they need to grow their brand on the go. Since backing them at Seed, we’ve been continuously impressed by the team’s ability to innovate and add features their customers need.”
— Pete Flint, General Partner of NFX
“Radius is dedicated to supporting entrepreneurial agents, team leads, and brokerage owners in building their own brands. We believe our success thus far is indicative of the visionary real estate professionals we’ve partnered with and our commitment to their needs and growth. I look forward to continuing to work with them to build out the services, technology, and partnerships they need to not only stay competitive in the landscape, but lead it.”
— Biju Ashokan, Founder and CEO of Radius Agent
”These funds will play a pivotal role in expanding our leadership team, scaling our development resources, and overall organizational growth over the next two years. This investment will enable us to further enhance the technology, services, and offerings that high producing real estate business owners require to grow.”
— Sam Kasle, COO at Radius Agent
