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Breezy, an AI startup for real estate agents, raised $10 million in pre-seed funding led by Ribbit Capital, it tells Axios exclusively.

The big picture: Real estate agents are seeing massive shifts in their industry, amid sluggish home sales.

Zoom in: CEO James Harris, a luxury real estate agent who has sold $6 billion worth of real estate, starred in eight seasons of Bravo's "Million Dollar Listing Los Angeles." 

His co-founders, Anthony Eisen and Nick Molnar, built AfterPay, which sold for some $29 billion in 2021.

Other investors in the round include Fifth Wall, DST Global, Liquid 2 Ventures, Eyal Ofer's O.G. Venture Partners, OpenAI's Fidji Simo, and Lightspark's David Marcus.

How it works: Breezy is designed to "replace the agent's entire daily operating system," he says.

An agent might manually use spreadsheets to track listings, Canva to create presentations, Zillow and data providers to build comparison reports of a home's value, he adds.

Behind the scenes: Harris says he is most excited about Breezy's tool that suggests changes a homeowner could make to improve the property's value.

The company has had some 200 beta testers. 

State of play: In 2024, the National Association of Realtors reached a legal settlement that has the potential to lower overall commissions. The rise of listing platforms is pressuring traditional agents.

Harris sees Breezy as a differentiator for agents in this competitive and fast-changing market. By using proprietary data, Harris believes Breezy's insights are more accurate than home price estimates from existing real estate sites. 

The bottom line: Harris sees Breezy as a way for agents to have some more control as individuals amid these macro shifts. 

Breezy sells to individual agents rather than brokerages, and the company is launching its waitlist on Monday.

Exclusive: Bravo star and fintech founders launch real estate startup

Breezy raised $10 million in Ribbit Capital-led pre-seed funding.

Photo illustration of James Harris collaged with the Breezy logo.

Photo illustration: Axios Visuals. Photo: Courtesy of Breezy.

Breezy, an AI startup for real estate agents, raised $10 million in pre-seed funding led by Ribbit Capital, it tells Axios exclusively.The big picture: Real estate agents are seeing massive shifts in their industry, amid sluggish home sales.

Exclusive: Bravo star and fintech founders launch real estate startup

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