Perchwell, the modern data and workflow platform for residential real estate, has secured $25 million Series B funding led by Lux Capital, who participated in the company’s Series A, and is joined by a group of strategic real estate and financial investors including Starwood Capital Group, Flex Capital, Stellar MLS, REcolorado MLS, and California Regional MLS (CRMLS).
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The funding will accelerate delivering best-in-class software to MLSs and brokerages in New York City and nationwide. Among other features, Perchwell’s product development will focus on AI related to data and workflow enhancements that empower real estate professionals to enhance their services and generate more revenue.
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“At Perchwell, we are elevating the way real estate agents convey value to their clients,” noted Brendan Fairbanks, CEO of Perchwell. “We provide agents with powerful property-centric data in web and mobile platforms under a single seamless solution, empowering them to deliver accurate, precise guidance at a moment’s notice.”
“While other industries rely on integrated software tools to manage their work, real estate professionals still spend much of their time shuffling between disjointed MLS data repositories, search portals, and various other point solutions,” says Peter Hébert, co-founder and managing partner at Lux Capital, who will be joining Perchwell’s board of directors. “Perchwell is setting the new industry standard by bringing all that tooling into a complete and modern software platform. Agents nationwide have come to trust Perchwell to provide an indispensable competitive advantage in today’s dynamic real estate market.”
Merri Jo Cowen, CEO of Stellar MLS, one of the largest MLSs in the U.S. with more than 84,000 customers, commented, “Perchwell is enriching the MLS user experience and advancing the core values of the MLS, giving agents a new edge to showcase their value. We are honoured to be investors in Perchwell, knowing that the ongoing evolution of superior MLS systems and services fits with our commitment to bring success to brokers and agents.”
About Perchwell
Founded in 2015, Perchwell is the modern data and workflow platform for residential real estate. Built on a state-of-the-art data engine, Perchwell empowers real estate professionals to do their best work, provide differentiated service to their clients, and close more deals. Backed by Lux Capital, Founders Fund, and some of the country’s leading MLSs, Perchwell is scaling its best-in-class solution to become the nation’s most powerful real estate platform for agents and brokerages.
