Luxury Presence, a Santa Monica, Calif. – based luxury real estate marketing platform, raised $5.4m in Series A funding.
The round was led by 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.
The company intends to use the funds to expand its engineering and product teams, and grow its services and sales teams to manage enterprise clients and growth.
Led by Malte Kramer, CEO, Luxury Presence provides technology and marketing tools to real estate agents and brokers. It empowers real estate professionals at all levels by generating new leads through digital marketing and increasing the agent’s sales volume, brand recognition, and market share. Since its initial seed funding in 2018, the company has grown its client base by 450 percent. 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.