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Real Estate Marketing Software Provider Luxury Presence Raises $25.9M In A Bessemer-Led Series B

Nov 16, 2021•about 4 years ago

Amount Raised

$25.9 Million

Round Type

series b

Los Angeles

Description

Luxury Presence, a startup selling marketing software to real estate brokerages, announced today it has raised $25.9 million for its Series B round. Bessemer Venture Partners led the round alongside fellow existing investors Toba Capital and Switch Ventures. Dallas Mavericks basketball player Dirk Nowitzki also participated in the round along with other angel investors, making his first-ever institutional investment.

Company Information

Company

Luxury Presence

Location

Los Angeles, California, United States

About

The Los Angeles-based company, which last raised in January 2020, has amassed a total of $33.3 million since its launch in 2016. The company serves 3,700 customers, including individual and multi-agent real estate teams. The company doubled its headcount in the past year to over 130 employees today, and plans to double it again in 2022, Kramer said. Luxury Presence will use the funds to build new sales products for agents, some of which it expects to announce later this year, as well as to continue iterating the platform’s design and user experience.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech