# Avenue 8

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avenue-8

- Industry: Real Estate Development & Operating Companies
- Headquarters: San Francisco, US
- Website: www.avenue8.com
- Total disclosed funding: $22M
- Latest round: Series A (Mar 22, 2021)
- Investors on record: 4

## About

Avenue 8 Inc. is a technology company providing an AI-driven assistant for real estate agents, designed to streamline workflows and enhance productivity in the real estate sector through advanced data services and integrations.Founded in 2020, Avenue 8 Inc. operates in San Francisco, US, focusing on developing AI solutions for real estate. The company was established by Justin Fichelson, Mark Chow, and Michael Martin. Since its inception, Avenue 8 has raised a total of USD 18.12 mn through 3 funding deals, with its latest funding round being a Series A in March 2021, co-led by Craft Ventures and Threshold Ventures.Avenue 8's primary product, Sidekick, is an AI-driven assistant designed for real estate agents and brokerages. It enhances productivity by utilizing natural language processing capabilities, allowing users to interact conversationally. Sidekick integrates with multiple Multiple Listing Services (MLS) in the US, enabling agents to access current listings, create market reports, and manage client communications efficiently, thus allowing agents to focus on client relationships and revenue generation.Sidekick employs a subscription-based revenue model tailored to real estate professionals. Agents and brokerages subscribe to access AI tools and data services, which include pulling data from MLS systems and generating comparative market analyses (CMAs). While specific pricing details are not disclosed, the services aim to improve productivity and client engagement in the real estate sector while being more cost-effective than hiring additional administrative support.Following the recent Series A funding of USD 18.12 mn in March 2021, Avenue 8 Inc. plans to use the capital to accelerate growth and expand into significant markets, specifically targeting New York City and Miami later this year. The company is also focused on enhancing the development of its product to meet the evolving needs of the real estate industry.

## Funding rounds

- Series A, Mar 22, 2021, $18M — Craft Ventures, Zigg, Threshold Ventures, Good Friends
- Seed, Dec 18, 2020, $4M — Craft Ventures, Zigg, Good Friends
- Seed, Nov 1, 2019 — Zigg

## Investors

- Zigg (https://capitalatlas.ai/funds/zigg) — Seed, Series A
- Craft Ventures (https://capitalatlas.ai/funds/craft-ventures) — Seed, Series A
- Good Friends — Seed, Series A
- Threshold Ventures (https://capitalatlas.ai/funds/threshold-ventures) — Series A