Tech Brokerage Avenue 8 Raises $14 Million

Avenue 8, a technology-oriented brokerage, announced Monday that it has raised $14 million in new funding. The cash infusion is part of the company’s Series A funding round and comes from multiple investors, including Threshold Ventures and Craft Ventures.

In a statement about the money, Avenue 8 said that “this is a new chapter in our story.” “Since our founding last year, we’ve already seen incredible organic growth — with hundreds of transactions closing at an average price point above $1 million, and a growing team of almost 100 agents across Northern and Southern California,” the statement added.

“This funding gives us the resources to build on that momentum and make an even bigger impact on modernizing the real estate […].

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