MoxiWorks is embarking on a new chapter with the support of additional funding from its ownership group, which includes private equity partner Vector Capital, and brokerages Howard Hanna Real Estate Services and Windermere Real Estate, as announced on Friday.
The exact amount of funding remains undisclosed.
This capital infusion will fuel MoxiWorks’ ambitious product strategy focused on empowering brokerages and agents to succeed in winning and closing more deals. The company is prioritizing four key areas: AI and automation, agent team capabilities, propensity scoring, and mobile solutions.
Eric Elfman, CEO of MoxiWorks, expressed excitement about the opportunities for growth and evolution in the residential real estate industry. He emphasized the company’s commitment to enhancing its platform to better serve customers and drive success in a changing market landscape.
In addition to the funding boost, MoxiWorks has appointed Craig Raeburn as its new chief revenue officer. Raeburn brings a wealth of experience in sales leadership from his previous roles at SimpleLegal, Provation, and TyMetrix.
Elfman praised Raeburn’s customer-centric approach and looks forward to collaborating with him to deliver innovative technology solutions that propel customers’ businesses forward.
Alongside Raeburn, MoxiWorks has welcomed Ben Tao and Jackson Mayes to its c-suite, signaling a period of growth and strategic leadership changes within the company.