Avenue 8
Avenue 8 is a real estate technology company that helps agents, teams, and brokerages launch, scale, and outperform using a mobile-first platform and various support programs.
Services
Avenue 8 supports agents, teams, and independent brokerages to launch, scale, and outperform. It offers a mobile-first technology platform that includes Sidekick, a real estate agent assistant. Additionally, Avenue 8 provides a Valet Program, which offers financing for clients to cover improvement costs pre-listing. Avenue 8's Studio 8 delivers marketing services, focusing on strategy, creation, amplification, and optimization. The company also provides a vetted team for home repairs and renovations and has in-house experts handling legal, insurance, and compliance details.
Technology Platform
Avenue 8's technology platform is designed to help agents focus on their clients efficiently. The platform is mobile-first, making it accessible and convenient for agents on the go. Notably, it includes Sidekick, an AI-powered real estate agent assistant. This assistant helps streamline various tasks, enhancing productivity and client service.
Funding and Investors
Avenue 8 has successfully attracted significant investment to fuel its growth. The company raised $4 million in seed funding in December 2020, followed by $14 million in a Series A funding round in May 2021. Leading investors back Avenue 8, providing robust financial support for its ongoing development and expansion.
Transaction Volume and Performance
Since 2020, Avenue 8 has achieved a total transaction volume of over $3.5 billion. The company's performance marketing expertise has proven highly efficient, generating four times greater efficiency and reach than the industry average. Such metrics indicate Avenue 8's strong presence and effectiveness in the real estate market.
Recognition and Awards
Avenue 8 has been recognized for its innovative contributions to the industry. The company was an honoree for the Best AI App in 2024 in both the General Products & Services and Work & Productivity categories. This accolade highlights Avenue 8's commitment to leveraging advanced technology to enhance its services.