Luxury Presence, the leading luxury real estate marketing platform, today announced a $5.4 million Series A funding. With this funding, Luxury Presence will expand its engineering and product teams. It will also grow its services and sales teams to manage enterprise clients and growth.
The financing was led by Luxury Presence’s previous investor Switch Ventures. Bessemer Venture Partners and Toba Capital joined as new investors, as did previous investors Gerald Risk, Peter Kelly, Jonathan Ehrlich, and Blaine Vess.
“Our 2020 goal is to build a full digital marketing solution for real estate agents looking to build successful, lead-generating digital brands,” said Malte Kramer, CEO of Luxury Presence. “2019 was all about building the best real estate website platform in the sector and I’m so proud of what our team was able to accomplish. Our focus was on how to make beautiful, functional and lead-generating sites that were easily customizable to fit the agent’s needs and demands, and we did just that.”
Since Luxury Presence’s initial seed funding in 2018, the company has grown its client base by 450 percent.
“Luxury Presence is the best product available for real estate agents,” said Paul Arnold of Switch Ventures. “That’s obvious when you talk with agents who have considered other options. And it is obvious from the agent growth and retention we have seen over the last two years. I expect to see agents continuing to adopt it.”
Last year, four of the largest brokerages in the world selected Luxury Presence as their preferred vendors. 17 of the top 100 real estate agents in the world use the product. To support these enterprise clients, it will use this funding to build out a robust engineering team to support its sales force in delivering the most powerful website and marketing platform in real estate.
“For years, our thesis has been that if a real estate technology company can satisfy the branding and marketing demands of a top 1% agent, they can build a wildly successful business serving the whole luxury sector,” said Toba Capital partner Patrick Mathieson. “Meeting Malte and the team quickly gave us confidence that we had finally found the company we had been looking for.”