MoxiWorks Secures Significant Additional Capital to Fund Transformation Centered on Innovation, Appoints New Leadership

Funding from private equity and brokerage partners and a new CFO accelerate the sales and marketing software provider’s rapid innovation

MoxiWorksa leading provider of real estate sales and marketing software, announced that it has secured significant additional capital from its ownership group, including private equity partner Vector Capital, and brokers Howard Hanna Real Estate Services and Windermere Real Estate to fund the company’s focus on innovation on while providing unmatched value to its client base of more than 800 brokerage firms and 400,000 brokers navigating the changing residential real estate market. MoxiWorks also announced Craig Raeburn Jr. was hired as Chief Revenue Officer to lead the company’s evolving sales strategy.

“When I joined MoxiWorks six months ago, it was clear that the residential real estate industry was going through significant changes. Situations like this create enormous uncertainty, but also enormous opportunity for evolution to support the modern agent. And there was an opportunity to look inward and ask, ‘What should we be doing differently to help our customers succeed?'” MoxiWorks CEO Eric Elfman he said. “Today, MoxiWorks is building new capabilities from the ground up that carry our acclaimed legacy platform into the future. We are disrupting our company through product and leadership investments to be a better partner for our customers. Vector Capital’s support and Craig’s experience in aligning go-to-market strategies for growth allow us to accelerate our transformation while ensuring we continue to meet our customers’ needs and provide the support they expect.”

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The additional capital will be used to advance an aggressive product strategy to support MoxiWorks’ mission to help brokers and their agents find, win and close more business. These are centered around four cornerstones: AI and automation, agent team capabilities, propensity scoring and mobile. This includes developing enhanced, modern features that align with how agents work today, including an intuitive user interface that relies on AI and automation to streamline workflows and provide valuable insights that enable agents to work faster and smarter, and ultimately get more business.

As CFO, Raeburn will be responsible for sales worldwide. During his 30-year career, he brings a broad background and a unique ability to identify market opportunities, implement effective sales processes in both early-stage growth companies and established market leaders. Raeburn joins MoxiWorks from SimpleLegal, where he most recently led the sales organization for the legal operations platform. During his five-year tenure, he grew SimpleLegal’s business 7x through new customer acquisition and expansion strategies. He previously served as Vice President of Commercial Programs at Provation and Global Vice President of Account Management at TyMetrix, a. Wolters Kluwer business.

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“Craig brings a wealth of experience and customer focus to MoxiWorks,” said Elfman. “I’ve had the pleasure of seeing him take a leadership role at SimpleLegal and then a larger role as head of sales across our mid-market business unit. I look forward to working with him to ensure our customers receive the support and innovative technology solutions that drive their business forward.”

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