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If there’s one thing that’s constant, it’s change. This has never been more apparent than over the last year. For real estate agents, the early pandemic period required gearing up for virtual meetings, open houses and showings, and moving business processes and transaction management online.
Now, everyone is trying to stay steady in the face of unprecedented low inventory and high demand in every sector of the residential market.
As we all know, though, nothing stays the same, and the post-COVID market appears to be coming up fast, with more than 130 million doses of vaccine administered at the writing of this article. How can you adjust for the days ahead and determine what buyers will be looking for this spring and throughout 2021?
AlleyWatch
Avenue 8
Avenue 8 is a residential brokerage platform built for modern agents. Founded by Justin Fichelson and Michael Martin in 2020, Avenue 8 is backed by investors that include Craft Ventures, GoodFriends, and Zigg Capital and is headquartered in San Francisco.
FOUNDED:2020
Avenue 8, a San Francisco, CA-based mobile-first residential real estate brokerage built for modern agents, raised $4m in seed funding.
The round was led by Craft Ventures, Zigg Capital, and Good Friends, the early-stage fund from the founders of Warby Parker, Harry’s, and Allbirds that invests in businesses with a consumer lens.
The company intends to use the funds to for further platform development and expansion into New York and other major markets.
Led by Justin Fichelson, Co-founder and CEO, Avenue 8 provides a subscription-based digital real estate platform for agents to spend more time with buyers and advocate for clients’ interests. With a user interface, the solution supports agents across the entire transaction lifecycle, from valuation analysis to omni-channel marketing support and digital closings.
News Category Global Banking & Finance Reviews
Mobile-First Real Estate Brokerage Avenue 8 Debuts with $4M Seed Funding Led by Craft Ventures, Zigg Capital, and Good Friends
Mobile-First Real Estate Brokerage Avenue 8 Debuts with $4M Seed Funding Led by Craft Ventures, Zigg Capital, and Good Friends
Avenue 8, the only mobile-first residential real estate brokerage built expressly for modern agents, today announced it has raised $4 million in seed funding led by Craft Ventures, Zigg Capital, and Good Friends, the early-stage fund from the founders of Warby Parker, Harry’s, and Allbirds that invests in businesses with a consumer lens. Designed from the ground up to be the most efficient and user-friendly digital real estate platform for agents, Avenue 8s subscription-based model gives agents the tools and support they need to be successful and enables them to keep more of their commission. After a quiet beta rollout in the San Francisco Bay Area and greater Los Angeles markets, Av
Avenue 8 raises $4M to rebuild the traditional real estate brokerage model
We’ve seen a big wave of proptech startups emerge to reimagine how houses are bought and sold, with some tapping into the opportunity with distressed property, and others exploring the “iBuyer” model where houses are bought and fixed up by a single startup and resold to homeowners who don’t want to invest in a fixer-upper. But the vast majority of homes are still sold the traditional way, by way of a real estate agent working via a broker.
Today, a startup is announcing that it has raised seed funding not to disrupt, but improve that basic model with a more flexible approach that can help agents work in a more modern way, and to ultimately scale out the number of people working as agents in the market.