Perchwell Raises $15M in Series A Funding

Perchwell, a NYC-based premier data and workflow platform for the residential real estate industry, raised $15m Series A funding round.

The round was led by Founders Fund, with participation from Lux Capital, Matterport, and California Regional MLS, the largest MLS in the United States.

The company intends to use the funds to expand its product and engineering teams, and to drive expansion into geographies beyond its home market of New York City.

Led by Brendan Fairbanks, founder and CEO, Perchwell is a data and workflow technology platform for the residential real estate industry. Its product offering includes a suite of data management, market research, and client collaboration tools for MLSs, brokers, and agents. The company first launched in NYC and quickly became the technology platform of choice among the city’s top local and national brokerages including Sotheby’s International Realty, Berkshire Hathaway HomeServices, and Serhant.

The platform streamlines agents’ day-to-day workflows and also facilitates interoperability among other technology products via API.