Luxury Presence, a Los Angeles, CA-based proptech startup that provides growth marketing solutions, raised $19.2 million in Series B-1 funding to accelerate product development.
The funding round was led by Bessemer Venture Partners, with participation from Switch Ventures and other existing investors. Since launching in 2016, Luxury Presence has raised over $52 million.
The startup has launched Presence Copilot™, a mobile platform that delivers an AI-powered mobile assistant, smart client collaboration features, and an agent-branded consumer app.
Luxury Presence specializes in providing growth marketing solutions to a wide range of real estate professionals, including agents, teams, and brokerages.
"We believe AI is the biggest technology shift since the invention of the internet," said Malte Kramer, Founder and CEO of Luxury Presence. "It will transform how the real estate industry works, and we’re tapping into it to give agents superpowers. Presence Copilot eliminates mundane daily tasks and gives agents the tools to provide a memorable client experience every time. It delivers AI-driven market insights on-demand, an entirely new way to manage relationships on the go, a collaborative search feature that keeps agents and their clients on the same page, and an agent-branded app that wows clients and builds brand equity.”
Company: Luxury Presence, Inc.
Raised: $19.2M
Round: Series B-1
Funding Month: August 2023
Lead Investors: Bessemer Venture Partners
Additional Investors: Switch Ventures
Company Website: https://www.luxurypresence.com/
Software Category: Real Estate Marketing Software
About the Company: Founded in 2016 by Malte Kramer, Luxury Presence is a proptech startup that provides growth marketing solutions to over 9,000 agents, teams, and brokerages–including more than 20 of the top 100 WSJ real estate agents. The company’s real estate websites, expert marketing solutions, and AI-powered mobile platform help agents attract more business, work more efficiently, and impress their clients.
Source: https://www.businesswire.com/news/home/20230803097751/en/Luxury-Presence-Unveils-Presence-Copilot%E2%84%A2-A-New-AI-Powered-Mobile-Platform-for-Real-Estate-Agents-and-Announces-19.2M-in-Series-B-1-Funding