MoxiWorks raises funding from Vector Capital

September 14, 2019
Share this Post: 

Seattle startup for real estate brokers, MoxiWorks, has received funding from Vector Capital, a private equity firm. MoxWorks has yet to reveal the amount or the terms of the deal, but says that it was a "meaningful" stake.

The startup plans to use the funds toward product development, sales and marketing efforts, as well as potential acquisitions.

“We are thrilled to be adding Vector Capital, an experienced investor and premier financial partner, to our unique blend of existing shareholders, partners, and clients as we enter this monumental phase of growth,” MoxiWorks CEO York Baur said in a statement.

MoxiWorks spun out of Windermere Real Estate more than seven years ago. The company makes customer relationship and market analysis software that helps agents perform day-to-day tasks and meet sales targets. Its software is used by 80 brokers nationwide, which collectively represent 130,000 agents.

Vector Capital manages $4 billion and has invested in tech companies such as RealNetworks, Cheetah Digital and CloudSense. Other MoxiWorks investors include Howard Hanna Real Estate Services and Long & Foster Real Estate.

“We have spent considerable time diligencing the real estate technology sector, looking for an enterprise-grade SaaS platform capable of serving the needs of top brokerages,” said Robert Amen, Managing Director of Vector Capital. “After meeting with dozens of companies, we determined that MoxiWorks was best positioned to capture this growing market. The company has distinguished itself through a relentless focus on its customers, resulting in extraordinary client satisfaction and deep, cross-industry relationships.”

Read more here

Join us November 12-15 for the Property Portal Watch Conference Madrid 2019.

Blue Banner 899 Euros Madrid Ppw 2019

September 14, 2019

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Investment Roundup 14Mar
Funding and Investment Roundup: Adevinta, JustMoveIn, REA Group, Tomo Mortgage

This week's funding and investment roundup starts with the now not-so-surprising news that Adevinta is selling...   Europe: Adevinta sells...

Read More
Product Update 2025Mar14 1
Product and Services Roundup: Domclick, Samolet, Homele, Dubizzle, Jitty

This week's product roundup has some interesting news from two Russian businesses...   Europe: Domclick launches house building services and...

Read More
Rightmove Row Of New Housees 2
Rightmove Appoints Amanda James as Non-Executive Director and Audit Chair

Rightmove has appointed Amanda James as a non-executive director (NED) and chair of its Audit, Nomination, and Corporate Social Responsibility...

Read More
Redfinrocketacq 3
Rocket Agrees to Acquire Redfin for $1.75 Billion

Rocket Companies has entered an agreement with the brokerage Redfin for $1.75 billion after gaining approval from the Boards of...

Read More

Editor's Pick