Radius Raises $13 Million Series B Funding to Help Real Estate Agents Become Brokerage Owners
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The company supports a community of over 85,000 agents and has helped their partners build brands and grow their businesses
SAN FRANCISCO, Calif., November 2, 2023-- Radius Agent (dba Radius), the technology-focused, agent-centric real estate brokerage platform has raised a $13M Series B funding led by AXA Venture Partners, and with participation from NFX, and Cota Capital, and Sierra Ventures among other existing investors. Radius is a full service, modern brokerage that provides real estate professionals and their teams with the support and tools needed to grow their business — with a simplified and sensible commission structure. The company plans to further scale its team and offering with the new funding.
“We are delighted to partner with Radius as the real estate industry undergoes a rapid transformation,” said Manish Agarwal, General Partner at AXA Venture Partners. “The Radius team has demonstrated a forward-looking, sustainable, and rapidly scaling model that aligns well with our portfolio of investments centered around supporting entrepreneurs and business owners.”
Radius empowers entrepreneurial real estate professionals with a dynamic, business-in-a-box integrated technology platform. The company also offers teams with mentorship, recruiting, financial services, and marketing resources to build and amplify their own brands. The funding round comes on the heels of a record year for Radius Agent, which saw a 293% growth in its agent base and 330% growth in revenue.
“Radius’s mobile-first platform gives agents the tools they need to grow their brand on the go,” explained Pete Flint, General Partner of NFX. “Since backing them at Seed, we’ve been continuously impressed by the team’s ability to innovate and add features their customers need.”
“Radius is dedicated to supporting entrepreneurial agents, team leads, and brokerage owners in building their own brands,” stated Biju Ashokan, Founder and CEO of Radius Agent. “We believe our success thus far is indicative of the visionary real estate professionals we’ve partnered with and our commitment to their needs and growth. I look forward to continuing to work with them to build out the services, technology, and partnerships they need to not only stay competitive in the landscape, but lead it.”
Radius is known for its modern approach, functioning as a vertically integrated real estate company and community platform. The company’s hyper-focus on their agents’ and teams’ business needs has driven its remarkable growth and success. The Radius Agent Brokerage Platform offers a comprehensive suite of tools, technology, commission options, and white-glove services to propel real estate professionals toward their goals.
”These funds will play a pivotal role in expanding our leadership team, scaling our development resources, and overall organizational growth over the next two years. This investment will enable us to further enhance the technology, services, and offerings that high producing real estate business owners require to grow,” says Sam Kasle, COO at Radius Agent.
To learn more and sign up for Radius Agent, please visit: https://www.radiusagent.com/
About Radius: Empowering Real Estate Entrepreneurs
Radius is a modern real estate ecosystem on a mission to redefine success for high-performing real estate entrepreneurs. Real estate entrepreneurs should have the tools, support, and autonomy to thrive independently and own their own brands from day one. Success in real estate requires more than just access to listings and leads. It demands a dynamic blend of technology, community, white-glove services, and lending solutions to serve clients effectively. With Radius, agents can own their personal brands without the compliance worries, onboarding hassles, or recruitment headaches that often come with traditional brokerages. Success is served on a golden platter, granting agents the freedom to focus on what they do best — serving their clients and growing their business. On their terms.
AVP (AXA Venture Partners) is a global venture capital firm investing in high-growth, technology-enabled companies, with $1.3bn of assets under management through three pillars of investment expertise: early stage, growth stage, and fund of funds. Since its launch in 2016, AVP deployed capital across 60 technology companies in Venture and Growth stages in the US and in Europe.
With offices in New York, London and Paris, AVP helps companies scale internationally and offers portfolio companies unique business development opportunities to further accelerate their growth. AVP is part of AXA IM- Alts, the alternative investment business unit of AXA IM.
NFX is the world’s largest venture firm dedicated exclusively to pre-seed and seed stage companies. The firm is based in San Francisco, California and Herzlia, Israel, and invests in network-effects driven startups. Founded by entrepreneurs who built 10 companies with more than $10 billion in exits across multiple industries and regions, NFX is transforming how true innovators are funded. Learn more at www.nfx.com.