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Camber Creek Leads $45M Funding for SERHANT. Technologies with Participation from Left Lane Capital 

Camber Creek Leads $45M Funding for SERHANT. Technologies with Participation from Left Lane Capital 

December 2, 2024 Craig Etkin

The capital will be utilized to bolster proprietary technology innovations, including the workflow automation platform, S.MPLE

December 2, 2024 – New York, NY – SERHANT. Technologies, the New York City based holding company with wholly owned subsidiaries including the SERHANT. real estate brokerage, SellIt.com, SERHANT. Studios, and S.MPLE, has raised $45 million in an equity funding round. The round was led by Camber Creek, the leading venture capital firm focused on driving innovation and disruption in the real estate industry, with participation by Left Lane Capital, a premier venture and growth equity firm known for investing in high-growth consumer and internet technology companies. SERHANT. Technologies will utilize the funding to further develop its proprietary AI workflow automation platform, S.MPLE, a full-service large action model revolutionizing sales workflows, as well as fuel and scale its brokerage, edtech, and content creation/production services.

Founded by Ryan Serhant, SERHANT. Technologies sits at the nexus of real estate, technology, and media. SERHANT. was founded in 2020 with a vision to change the way real estate is sold, and has quickly become one of the fastest-growing and top-selling brokerages, with annual growth exceeding 100% per year. SERHANT. is transforming the real estate industry through its strategic flywheel model, inclusive of: 

  • The award-winning SERHANT. Studios, a full-service production company designed to amplify agent branding and business growth for real estate and beyond for the most followed real estate brokerage brand in the world. 
  • SellIt.com, a B2C and B2B nex-gen sales training subscription platform, with over 30,000 members in 128 countries.
  • The recently launched S.MPLE AI, which replaces all administrative work for sales people and teams. 

“SERHANT. Technologies and our subsidiary brands were founded because I had a new vision for how real estate should be sold,” said Founder and CEO Ryan Serhant. “It is in my DNA to drive creative solutions that service the real needs of today’s salespeople, and forge unparalleled innovation. I’m proud to partner with two leading venture capital firms, Camber Creek and Left Lane, to build upon the great work our teams have done over the past four years, and enable us to further advance and fuel a new future for the real estate industry. Through our best-in-class technology and creative approach and solutions, we are expanding at an unprecedented rate.” 

This year, SERHANT. unveiled S.MPLE, a first-of-its-kind proprietary service that combines advanced technology with human expertise. Developed by harnessing years of personalization-focused AI research and development, S.MPLE has completed more than 1,400 requests, saving agents more than 5,000+ hours since its launch. The platform boasts an impressive 97 NPS score and 95% repeat usage within 5 days.

“Ryan and the SERHANT. team are at the forefront of creating a content-to-commerce engine that is transforming the real estate industry,” said Jeffrey Berman, General Partner of Camber Creek. “By seamlessly integrating cutting-edge technology with top-tier real estate expertise, SERHANT. has created a powerful flywheel effect, driving exponential growth and engagement across their platform. His passion and vision for disrupting the industry, coupled with his commitment to leveraging technology in innovative ways, made it clear that SERHANT. is destined to redefine the future of real estate. We are excited to support their journey as they continue to push the boundaries of what’s possible.” 

SERHANT.’s continued growth is fueled by a combination of bold marketing, innovative technology, strategic, entertaining and educational content, and an unwavering commitment to advancing agents’ lives and the industry forward. 

“Real estate is a global industry that will be shaped by a strategic mix of selling expertise, technology innovations, content, education, and creativity – this is the flywheel business model Ryan Serhant has developed and mastered,” said Harley Miller, CEO and Managing Partner of Left Lane Capital. “SERHANT. Technologies delivers the brand, acumen, and essential tech that empowers good real estate professionals to become the best, which ultimately drove our excitement in the team.” 

SERHANT. has amassed an international footprint and global reach through its industry expertise, film-quality content, earned and social media presence, and digital education program. The firm now operates in eight states, and has more than 800 agents and 100 employees, and is opening roughly two new markets per month. The firm has over eight million followers and subscribers across social platforms and a critically acclaimed Netflix show that was just renewed for a second season, titled Owning Manhattan.

About SERHANT. Technologies

SERHANT. Technologies is a venture-backed real estate technology holding company, consisting of the fast growing and top selling real estate brokerage, SERHANT., the award-winning production company, SERHANT. Studios, the dynamic edtech and innovation arm, SellIt.com, and proprietary workflow automation platform, S.MPLE.  Founded in 2020 by top real estate broker, best-selling author and producer, Ryan Serhant, SERHANT. Technologies is committed to changing the way real estate is viewed, bought, and sold. Learn more at www.serhant.com.  

About Camber Creek

Founded in 2011, Camber Creek is a global financial platform focused on driving innovation in the real estate industry. The firm invests in and scales compelling technology companies that are transforming the real estate industry. Over the past 13 years, Camber Creek established itself as the premier real estate technology venture firm by consistently delivering industry-leading returns to investors, driving value for its portfolio of startups, and generating successful company exits. Select investments include industry-leading companies Flex, Bilt Rewards, Proof, Curbio, VTS, HappyCo, and more. Today, Camber Creek has nearly $1 billion in assets under management with offices in Washington, D.C., New York, and Palm Beach. For more information, visit www.cambercreek.com. 

About Left Lane Capital 

Founded in 2019, Left Lane Capital is a New York and London-based global venture capital and growth equity firm investing in internet and technology companies with a consumer orientation. Left Lane’s mission is to partner with extraordinary entrepreneurs who create category-defining companies across growth sectors of the economy. Select investments include Kings League, LOVB, Bilt Rewards, Blank Street, M1 Finance, Wayflyer, Masterworks, Talkiatry, Kittl, Ownwell, and more. For more information, please visit www.leftlane.com. 

SOURCE: http://www.intelligence360.io
Copyright (c) 2024 SI360 Inc. All rights reserved.


Venture Capital
New York, New York City, SERHANT. Technologies, Venture Capital

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Kimberly-Clark Corporation, one of the world's leading manufacturers of personal care and hygiene products, will establish an $800 million advanced manufacturing facility in Trumbull County, bringing an anticipated 491 new high-quality jobs. For Kimberly-Clark, this new facility would be its first in Ohio and represents not just a strategic expansion, but a decisive step in doubling down on growth in the American market. Spread across more than one million square feet, the Warren facility will provide the manufacturing capacity needed to unleash future growth for Kimberly-Clark’s fastest-growing personal care categories that include Baby & Child Care and Adult & Feminine Care. Warren is in geographic proximity to roughly 117 million consumers and will serve as a strategic hub for the Northeast and Midwest regions. Construction is expected to begin this month and will take up to two years.

In a statement Tamera Fenske, chief supply chain officer at Kimberly-Clark said, “Our investment in Warren is a pivotal step forward in our North America business and strategy.” “By establishing a new, state-of-the-art manufacturing facility in Ohio, we’re enhancing our ability to serve millions of consumers across the Midwest and Northeast with greater speed, agility, and resilience. It’s a once-in-a-career opportunity to build a facility from the ground up that reflects the future of manufacturing, and with the support of local partners like JobsOhio, the Department of Development, Lake to River, Western Reserve Port Authority, and local governments, we have the unique opportunity to create high-quality jobs and long-term economic impact in the region.”

Based in Dallas and employing 46,000 people in 34 countries, the company’s portfolio of brands also includes Huggies, Kleenex, Scott, Kotex, Cottonelle, Poise, Depend, Andrex, Pull-Ups, GoodNites, Intimus, Plenitud, Sweety, Softex, Viva and WypAll. Its products are sold in more than 175 countries and territories.
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Snorkel AI announced general availability of two new product offerings on the Snorkel AI Data Development Platform: Snorkel Evaluate and Snorkel Expert Data-as-a-Service. These launches advance its mission to turn knowledge into specialized AI—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. In addition, Snorkel AI announced it has raised $100 million in Series D funding at a $1.3 billion valuation, led by Addition. This new funding will fuel continued research and innovation in evaluating and tuning specialized AI systems with expert data.


In a statement Alex Ratner, Co-founder and CEO of Snorkel AI said, “We are seeing a surge of momentum around agentic AI, but specialized enterprise agents aren’t ready for production in most settings.” “Enterprises need domain-specific data and expertise to make this a reality. We’re excited to deliver on this need and help AI innovators develop expert data to bring their LLM and agentic systems into production with our new offerings, which round out Snorkel’s unified AI data development stack.”

Snorkel AI is building the Snorkel AI Data Development Platform for evaluating and tuning specialized AI at scale. Snorkel AI’s offerings, including Snorkel Evaluate and Snorkel Expert Data-as-a-Service, accelerate evaluation and tuning of specialized AI systems with expert data—helping teams move from prototype to production at scale by leveraging Snorkel AI’s programmatic data development technology. Launched out of the Stanford AI Lab, Snorkel AI’s platform is used in production by Fortune 500 companies, including BNY, Wayfair, and Chubb, as well as across the U.S. federal government, including the U.S. Air Force.
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TicketManager, a global leader in event ticket and guest management solutions for the corporate enterprise, today announced Valeas Capital Partners, a growth-oriented private-equity firm, has acquired a majority stake in the company. Under the terms of the agreement, Valeas is committing $110 million to support TicketManager’s strategic growth plans. TicketManager Co-Founder and CEO Tony Knopp and COO Ken Hanscom will retain a minority interest in the Company. Founded in 2007, TicketManager is the category leader in providing software and services to manage end-to-end event ticket workflow and guest experiences. Serving as the central hub and system of record for data-driven organizations, the platform streamlines every step of the ticket management process. Every year, companies spend more than $600 billion on customer entertainment, yet 43% of corporate tickets are never used and fewer than 20% of organizations leverage modern software to optimize those investments and mitigate compliance risk.

In a statement Tony Knopp, CEO and Co-Founder of TicketManager said, “Live events are an important investment for businesses of all sizes. Whether major global sponsorships, naming rights for stadiums, luxury suites or even a few season tickets for the local team, companies use them to attract and keep customers while building their brands. But in today’s market, many companies struggle with growing pressure to show the value of their ticket spending.” “We knew there was a better way, and that’s why we created TicketManager – to make company tickets easy and prove the return on investment with cutting edge technology and services.”

TicketManager is a leading event- and guest-management platform that empowers companies to make client entertainment easy and drive greater return on investment. It offers convenient and simple technology to manage corporate sports and entertainment tickets, create exceptional guest life-cycle experiences, and measure effectiveness. TicketManager is trusted by more than 500 global brands including Verizon, FedEx, Adidas, Anheuser-Busch, and Mastercard.
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