Luxury Presence has crossed $100 million in annual recurring revenue, a milestone the Austin-based real estate technology company said fewer than 2 percent of venture-backed software companies ever reach.
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The company now serves more than 100,000 agents across nearly 20,000 real estate businesses, with 30 percent of The Wall Street Journal | RealTrends top agents and teams running their businesses on the platform. Agents on the Presence Platform grow six times faster and close nearly three times more transaction volume than peers in the same markets, the company said.
Malte Kramer | Luxury Presence
“Ten years is a long time to work on one thing, and building a company takes a lot of blood, sweat and tears,” founder and CEO Malte Kramer told Inman. “We believe real estate agents and brokerages now more than ever need really great, really innovative tech.”
A decade in the making
Kramer founded Luxury Presence in 2016 after working with top residential agents in Los Angeles, including Coldwell Banker’s Jade Mills. He said the fragmentation of real estate technology — agents cobbling together a dozen separate tools to run their businesses — was the catalyst.
The company started as a website builder and expanded over the past decade into a full growth platform covering marketing, advertising, client relationship management and homeowner engagement. In May, Luxury Presence launched the Presence Platform, the most significant product release in its history, consolidating those capabilities into a single AI-powered system.
“This milestone belongs to our clients,” Kramer said in a statement. “They have pushed us, challenged us and shaped every part of what we’ve built.”
Investor conviction
Byron Deeter | Bessemer Venture Partners
The milestone follows a $37 million funding round in January led by Bessemer Venture Partners, the third time the firm has led a round for Luxury Presence. Bessemer partner Byron Deeter sits on the company’s board.
“Fewer than two percent of venture-backed software companies ever reach this milestone,” Deeter said in a statement. “The pace at which top-performing agents and brokerages are joining the Presence Platform excites us most about the company’s trajectory.”
Since the start of 2025, Luxury Presence has expanded its AI product and engineering teams by more than 300 percent and now deploys new features to production five times faster than it did 12 months ago. The company plans to invest more than $10 million in AI infrastructure over the next year.
Jesse Pedersen | Luxury Presence
“We have rebuilt how this company builds software,” said Jesse Pederson, Chief Technology Officer of Luxury Presence. “The Presence Platform is now continuously improving for each client, using their performance data to adapt to their market, their voice, and their unique business.”
Who’s growing on the platform
Noble Black, one of New York City’s top-ranked luxury brokers and leader of Corcoran’s No. 2-ranked team nationwide, has been a Luxury Presence client since the company’s early days.
Noble Black | Corcoran
“The most successful agents today understand that brand, technology and client relationships all have to work together seamlessly,” Black said in a statement. “Luxury Presence recognized that shift early and built a platform around it.”
Kramer said the company’s retention over its decade in business reflects a deliberate approach to product development driven by customer feedback.
“Product strategy always starts with our customers,” he told Inman. “I talk to customers every single week. I listen to sales demos every week. That’s who we exist to serve.”
