Lux Capital, who participated in the company's Series A, is leading the funding and is joined by a group of strategic real estate and financial investors including Starwood Capital Group, Flex Capital, Stellar MLS, REcolorado MLS, and California Regional MLS (CRMLS). The capital influx will accelerate delivering best-in-class software to MLSs and brokerages in New York City and nationwide. Among other features, Perchwell's product development will focus on AI related to data and workflow enhancements that empower real estate professionals to enhance their services and generate more revenue.

Perchwell is the modern data and workflow technology platform for the residential real estate industry. Perchwell's product offering includes a suite of data management, market research, and client collaboration tools for MLSs, brokers, and agents.