Real estate tech platform Radius recently closed a $13 million Series B funding round to expand its services and offering for agents looking to build their own brands and brokerage firms. The company provides the tech tools, support, community and flexible commissions agents need to successfully run independent businesses. With this new funding, Radius plans to scale up its team and capabilities to empower more real estate professionals to become brokerage owners.
The real estate industry is undergoing rapid changes, with more agents looking to take control of their careers by building their own brands and brokerage firms. Radius, a tech-focused real estate brokerage platform, aims to support this shift by providing agents with the tools and services they need to become successful business owners. The company recently closed a $13 million Series B funding round to expand its offering, aiming to further empower real estate professionals.
Radius Provides Cutting-Edge Tools and Support for Ambitious Agents
Radius takes a modern approach to real estate by functioning as a brokerage and community platform tailored to ambitious agents. Rather than limiting professionals, Radius gives them independence and flexibility from day one to create and grow their own brands.
The company provides a wide range of technology tools and software to help agents serve their clients efficiently and effectively. This includes CRM, marketing automation, e-signature capabilities, transaction management systems, and more. Agents also get access to organized lead-generation services to grow their client base.
Additionally, Radius focuses heavily on mentorship, coaching, and development opportunities to help agents level up their skills. It offers recruiting resources for building a team and financial services to manage the growth of an independent brokerage.
Radius stands out with its flexible, agent-centric commission structure that removes limitations and allows professionals to earn what they deserve. Agents can choose from different models based on their business needs.
This combination of technology, services, community support and business freedom has fueled incredible growth for Radius. Over the past year, the company’s agent base grew 293% to over 85,000 agents. Its revenue rose by 330% in that same timeframe.
$13M Funding Round Will Support Expansion of Radius’ Platform
The recent $13 million Series B funding round was led by AXA Venture Partners, with participation from other investors including NFX, Cota Capital, and Sierra Ventures. This new injection of funds will allow Radius to expand its team, enhance its technology platform, and scale up services to empower more real estate professionals.
Radius plans to utilize the funding to hire more staff across engineering, product, sales, marketing, and other departments to support its rapidly growing business. The company will also direct capital towards improving its software, rolling out new tools and features, and expanding integrations.
Additionally, Radius will be able to broaden its service capabilities in areas like financial services, training, marketing resources, and more. The funding provides fuel for the company to continue developing a robust platform that gives agents everything they need to build successful brokerage businesses.
Radius Poised for Further Growth Focused on Agent Independence
With its fresh funding and clear plans for expansion, Radius is well-positioned for the next phase of its rapid growth. The company remains dedicated to its mission of redefining success for entrepreneurial real estate agents.
Radius aims to continue enhancing its vertically integrated platform that combines the ideal mix of technology, support services, flexible commissions, and community. By meeting agents’ diverse needs, Radius empowers them to thrive as independent brokerage owners.
The agent-focused brokerage model has driven stunning growth for Radius so far. With the new funding, the company is set to scale up its offerings even further to provide agents with more innovative tools and resources to grow their own brands and businesses on their own terms.
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