We have big news to share at Avenue 8. Today, we’re announcing our $14 million Series A, co-led by Threshold Ventures and Craft Ventures, with our existing investors Zigg Capital and Good Friends also participating in this round. We’re excited to welcome Jeff Fluhr of Craft to our Board of Directors.
This is a new chapter in our story, and we couldn’t be more excited to tell it. Avenue 8 was founded on a commitment to innovation and evolution. It’s part of our DNA, and looking forward, we’re ready to expand our vision. Since our founding last year, we’ve already seen incredible organic growth—with hundreds of transactions closing at an average price point above $1 million, and a growing team of almost 100 agents across Northern and Southern California. This funding gives us the resources to build on that momentum and make an even bigger impact on modernizing the real estate industry.
What does that mean? We’ll keep growing our community of agents and begin launching in new markets (New York and Miami: see you soon). We’ll be constantly improving our platform to make business easier, more efficient, and more rewarding for agents, and we’ll expand the services and development opportunities we provide. We’ll focus more than ever before on creating a complete, end-to-end experience for agents, buyers, and sellers alike. And we’ll continue to build our own team at Avenue 8 with talented people—on every front, from tech to product to brand—to make it all possible.
We’re so grateful for our team, agents, and partners who have made our work at Avenue 8 possible. It’s your hard work, support, and ingenuity that brought us to this milestone.
We can’t wait to keep building together. There’s never been a better time to revolutionize real estate.
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