Perchwell Secures $25 Million in Series B

by Kay Aloha Villamor in August 5th, 2024

Perchwell, a New York-based modern data and workflow platform for residential real estate, has secured $25 million in Series B financing. 

Investors 

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. 

Perchwell Use of Funds 

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. 

About Perchwell 

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 

Source: https://www.prnewswire.com/news-releases/amidst-real-estate-industry-transformation-perchwell-raises-25m-series-b-to-further-empower-agents-302209231.html 

 


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