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Perchwell, a New York City-based company specializing in modern data and workflow solutions for the residential real estate sector, has successfully raised $25 million in Series B funding.
The funding round was spearheaded by Lux Capital, with participation from key real estate and financial investors such as Starwood Capital Group, Flex Capital, Stellar MLS, REcolorado MLS, and California Regional MLS (CRMLS). Lux Capital’s Co-founder and Managing Partner, Peter Hébert, will join Perchwell’s board of directors.
Under the leadership of CEO Brendan Fairbanks, Perchwell offers a comprehensive data and workflow technology platform designed for the residential real estate market. Their platform includes tools for data management, market analysis, and client collaboration, catering to Multiple Listing Services (MLSs), brokers, and agents.
The newly acquired capital will be used to enhance software delivery to MLSs and brokerages both in New York City and across the country. The company’s product development will focus on integrating AI to improve data management and workflow processes, helping real estate professionals optimize their services and boost revenue.
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By Proptechbuzz
By Ravi Kumar
