Real estate is a large industry in the rambling city of Los Angeles and new innovative tools to target the business continue to gain the attention of investors.
Luxury Presence, the best real estate marketing service, today expressed a $5.4 million Series A financing. With this money related help, Luxury Presence will build its designing just as item teams. It will raise its services just as deals teams to oversee business customers and development.
The financing was driven by Luxury Presence’s earlier investor Switch Ventures. Bessemer Venture Partners and Toba Capital joined as new investors, as did past investors Gerald Risk, Peter Kelly, Jonathan Ehrlich, and Blaine Vess.
“Our 2020 objective is to assemble a full digital marketing answer for real estate specialists hoping to construct effective, lead-creating digital brands,” said Malte Kramer, CEO of Luxury Presence. “2019 was tied in with building the best real estate site platform in the sector and I’m so glad for what our team had the option to achieve. Our emphasis was on the best way to make wonderful, practical and lead-producing locales that were effectively adaptable to meet the specialist’s requirements and requests, and we did only that.”
As per gauges from Built in LA, there are about 127 organizations, which have ascended over $2.4 billion active in the real estate industry in LA. These organizations extend from cooperating new businesses like Knotel or WeWork to organizations concentrated on adjusting the real estate industry (like Luxury Presence).
Since Luxury Presence’s underlying seed financing in 2018, the organization has developed its customer base by 450 percent.
“Luxury Presence is the best item accessible for real estate operators,” said Paul Arnold of Switch Ventures. “That is clear when you converse with specialists who have thought about different alternatives. Furthermore, it is evident from the operator development and maintenance we have seen in the course of the most recent two years. I hope to see specialists proceeding to embrace it.”
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A year ago, four of the biggest financiers on the planet chose Luxury Presence as their favored sellers. 17 of the best 100 real estate operators on the planet utilize the item. To help these undertaking customers, it will utilize this subsidizing to work out a strong designing team to help its business power in conveying the most dominant site and marketing platform in real estate.
“For a considerable length of time, our postulation has been that if a real estate innovation organization can fulfill the marking and marketing requests of a top 1% specialist, they can assemble an uncontrollably fruitful business serving the entire luxury sector,” said Toba Capital partner Patrick Mathieson. “Meeting Malte and the team immediately gave us the certainty that we had at long last discovered the organization we had been searching for.”