Mobile-First Real Estate Brokerage Avenue 8 Debuts with $4M Seed Funding Led by Craft Ventures, Zigg Capital, and Good Friends
Summary
SAN FRANCISCO--(BUSINESS WIRE)--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, Harrys, and Allbirds that invests in businesses with a consumer lens. We believe that Avenue 8 is doing just that for the residential real estate space and its agents,” said Neil Blumenthal, General Partner at Good Friends and co-CEO of Warby Parker. Avenue 8 was introduced to top California markets earlier this year, and has since seen incredible organic growth, demonstrating high demand for something different. "Avenue 8s organic growth is clear evidence that the market demands a mobile-first, digital platform,” said Jeff Fluhr, General Partner at Craft Ventures. With an emphasis on simplicity and design, Avenue 8 provides premium services at scale through a mix of automation and human expertise, from marketing a home to making an offer.