Participated · Series B · Jul 2024

Perchwell is a NYC-based provider of a modern data and workflow technology platform for the residential real estate industry. Led by CEO Brendan Fairbanks, its product suite includes data management, market research, and client collaboration tools for MLSs, brokers, and agents. The company serves MLSs and brokerages to support data and workflow needs and market research. The Series B capital will be used to accelerate software delivery to MLSs and brokerages in New York City and nationwide. Product development will focus on AI related to data and workflow enhancements to help real estate professionals enhance services and generate more revenue. Perchwell raised $25m in Series B financing to fund these initiatives. Perchwell offers a suite of data management, market research, and client collaboration tools designed for MLSs, brokers, and agents. Its platform streamlines agents’ day-to-day workflows and facilitates interoperability with other technology products via API. The company launched in New York City and became the platform of choice for top local and national brokerages including Sotheby’s International Realty, Berkshire Hathaway HomeServices, and Serhant. Perchwell is led by founder and CEO Brendan Fairbanks. The company intends to use recent funding to expand its product and engineering teams and to drive geographic expansion beyond New York City. Financially, Perchwell completed a $15M Series A to support these growth plans.