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.
