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Luxury Presence Accelerates Growth Through $75M ARR with Key Executive Hires and Expanded AI Product Team

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Luxury Presence Accelerates Growth Through $75M ARR with Key Executive Hires and Expanded AI Product Team
News

News

Luxury Presence Accelerates Growth Through $75M ARR with Key Executive Hires and Expanded AI Product Team

2025-08-26 20:03 Last Updated At:20:32

AUSTIN, Texas--(BUSINESS WIRE)--Aug 26, 2025--

Luxury Presence, the leading AI marketing platform for real estate agents, today announced it has surpassed $75M in annual recurring revenue (ARR), expanded its investment in AI product and engineering teams by 300% since January 2025, and added high-profile leaders including Kyle Scott, former president of SERHANT. Ventures and former NBC News producer.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250826081747/en/

The milestone underscores Luxury Presence’s rapid growth as it continues its momentum following the release of the industry’s first autonomous AI marketing platform. With new leaders from Amazon, McKinsey, and SERHANT., the company is entering its next phase of scale and innovation.

“Surpassing $75M ARR is a testament to the demand for AI in real estate marketing,” said Malte Kramer, Founder & CEO of Luxury Presence. “AI is no longer just a tool. It’s becoming the teammate every agent needs. With accelerated AI investment and world-class leaders joining our team, Luxury Presence is the platform turning that shift into a competitive edge for clients.”

Leadership Appointments Strengthen Growth, Product, and Brand

Kyle Scott joins as Senior Vice President of Partnerships, Brand & Community, leading strategy to drive demand, expand distribution, inspire loyalty, and compound market influence. Scott co-founded Sell It with Ryan Serhant as president of SERHANT. Ventures, scaling the subscription media and education platform to over 26,000 members across 126 countries, after nearly a decade producing for NBC News. Most recently, he led the High Growth Creators segment at Thinkific (TSX: THNC). Across his career, Scott has been recognized for building media-first, market-shaping ventures that turn audience attention into durable revenue.

“Malte has built a category-defining AI company at the center of real estate’s next chapter,” said Scott. “Traditional media no longer dominates audience building, and our media-first marketing ethos at Luxury Presence positions us to extend our lead in redefining the industry.”

Alex Green joins as Chief of Staff, where she will drive operational excellence across the company. A former McKinsey consultant and Harvard MBA, Green has led large-scale marketing and sales transformations for Fortune 100 companies. Most recently, she owned customer experience and $85M of renewals at Wilson Language Training, an Alpine Investors company. At Luxury Presence, she will partner with the founder & CEO to accelerate the company into its next stage of growth.

Will Kornegay joins as Director of Product, overseeing the team building AI Marketing Specialists to boost agent lead generation and conversion. Kornegay previously launched and scaled new digital products at Amazon and will apply that experience to expand Luxury Presence’s AI feature set.

Eric Dates joins as Director of Growth Marketing, bringing over a decade of SaaS marketing experience leading high-performing teams. At Luxury Presence, he will focus on driving demand and expansion revenue opportunities.

AI Adoption Driving Measurable Impact for Real Estate Agents

Earlier this month, Luxury Presence launched its Autonomous AI Marketing Team, already responsible for 11,000+ optimizations, messages, and blog posts on behalf of clients since its debut. Powered by the company’s proprietary PresenceAI engine, the Marketing Specialists manage ads, SEO, blogging, and lead nurturing, eliminating manual work for agents while boosting conversion rates and lead generation.

“PresenceAI is already the future of real estate marketing, and we've got so much more coming down the pike,” said Jesse Pedersen, CTO. “Our expanding product and engineering teams give us the firepower to out-innovate everyone else, setting the standard that the rest of the market will have to chase.”

To read more, visit www.luxurypresence.com.

About Luxury Presence

Luxury Presence is the leading AI marketing platform for residential real estate agents, powering more than 65,000 agents and 16,000 customer accounts, including 30% of the Wall Street Journal’s top-ranked agents and teams. Founded in 2016 by Malte Kramer, the company has raised $52M from investors such as Bessemer Venture Partners, Switch Ventures, Toba Capital, Zillow Co-Founder Spencer Rascoff, real estate coach Tom Ferry, NBA Champion Dirk Nowitzki, and NFL Pro Larry Fitzgerald. Luxury Presence is headquartered in Austin with offices in Phoenix, Denver, and New York City.

As Luxury Presence surpasses $75M in annual recurring revenue (ARR), the company announces new leadership hires (from left to right): Kyle Scott, Senior Vice President of Partnerships, Brand & Community; Alex Green, Chief of Staff; Will Kornegay, Director of Product; and Eric Dates, Director of Growth Marketing.

As Luxury Presence surpasses $75M in annual recurring revenue (ARR), the company announces new leadership hires (from left to right): Kyle Scott, Senior Vice President of Partnerships, Brand & Community; Alex Green, Chief of Staff; Will Kornegay, Director of Product; and Eric Dates, Director of Growth Marketing.

DUBAI, United Arab Emirates (AP) — Iran closed its airspace to commercial flights for hours without explanation early Thursday as tensions remained high with the United States over Tehran’s bloody crackdown on nationwide protests.

The closure ran for over four hours, according to pilot guidance issued by Iran, which lies on a key East-West flight route. International carriers diverted north and south around Iran, but after one extension, the closure appeared to have expired and several domestic flights were in the air just after 7 a.m.

Iran previously shut its airspace during the 12-day war against Israel in June and when it exchanged fire with Israel during the Israel-Hamas war. However, there were no signs of current hostilities though the closure immediately rippled through global aviation because Iran is located on a key East-West route for airlines.

“Several airlines have already reduced or suspended services, and most carriers are avoiding Iranian airspace,” said the website SafeAirspace, which provides information on conflict areas and air travel. “The situation may signal further security or military activity, including the risk of missile launches or heightened air defense, increasing the risk of misidentification of civil traffic.”

Iran in the past has misidentified a commercial aircraft as a hostile target. In 2020, Iranian air defense shot down Ukraine International Airlines Flight PS752 with two surface-to-air missiles, killing all 176 people on board. Iran for days adamantly dismissed allegations of downing the plane as Western propaganda before finally acknowledging it.

The airspace closure came as some personnel at a key U.S. military base in Qatar were advised to evacuate. The U.S. Embassy in Kuwait also ordered its personnel to “temporary halt” going to the multiple military bases in the small Gulf Arab country.

The U.N. Security Council scheduled an emergency meeting on Iran at the request of the United States on Thursday afternoon.

U.S. President Donald Trump made a series of vague statements Wednesday that left unclear what American action, if any, would take place against Iran.

In comments to reporters, Trump said he had been told that plans for executions in Iran have stopped, without providing many details. The shift comes a day after Trump told protesters in Iran that “help is on the way” and that his administration would “act accordingly” to respond to the Islamic Republic’s deadly crackdown.

Iranian Foreign Minister Abbas Araghchi also sought to tone down the rhetoric, urging the U.S. to find a solution through negotiation.

Asked by Fox News what he would say to Trump, Araghchi said: “My message is: Between war and diplomacy, diplomacy is a better way, although we don’t have any positive experience from the United States. But still diplomacy is much better than war.”

The change in tone by the U.S. and Iran came hours after the chief of the Iranian judiciary said the government must act quickly to punish the thousands who have been detained.

Activists warned that hangings of detainees could come soon. The security forces’ crackdown on the demonstrations has killed at least 2,615, the U.S.-based Human Rights Activists News Agency reported. The death toll exceeds that of any other round of protest or unrest in Iran in decades and recalls the chaos surrounding the country’s 1979 Islamic Revolution.

Demonstrators burn a poster depicting Iran's Supreme Leader Ayatollah Ali Khamenei during a rally in support of anti-government protests in Iran, in Holon, Israel Wednesday, Jan. 14, 2026. (AP Photo/Ohad Zwigenberg)

Demonstrators burn a poster depicting Iran's Supreme Leader Ayatollah Ali Khamenei during a rally in support of anti-government protests in Iran, in Holon, Israel Wednesday, Jan. 14, 2026. (AP Photo/Ohad Zwigenberg)

A woman mourns next to the flag-draped coffins of a group of security forces, who were killed during anti-government protests, during their funeral ceremony, in Tehran, Iran, Wednesday, Jan. 14, 2026. (AP Photo/Vahid Salemi)

A woman mourns next to the flag-draped coffins of a group of security forces, who were killed during anti-government protests, during their funeral ceremony, in Tehran, Iran, Wednesday, Jan. 14, 2026. (AP Photo/Vahid Salemi)

A man hands out posters of the Iranian Supreme Leader Ayatollah Ali Khamenei during a funeral ceremony for a group of security forces, who were killed during anti-government protests, in Tehran, Iran, Wednesday, Jan. 14, 2026. (AP Photo/Vahid Salemi)

A man hands out posters of the Iranian Supreme Leader Ayatollah Ali Khamenei during a funeral ceremony for a group of security forces, who were killed during anti-government protests, in Tehran, Iran, Wednesday, Jan. 14, 2026. (AP Photo/Vahid Salemi)

People take part in a rally in support of anti-government protests in Iran, Berlin Germany, Wednesday, June 14, 2026. (AP Photo/Ebrahim Noroozi)

People take part in a rally in support of anti-government protests in Iran, Berlin Germany, Wednesday, June 14, 2026. (AP Photo/Ebrahim Noroozi)

Policemen protect the British Embassy during a protest by hardline supporters of the Iranian government, as people ride on their motorbike in Tehran, Iran, Wednesday, Jan. 14, 2026. (AP Photo/Vahid Salemi)

Policemen protect the British Embassy during a protest by hardline supporters of the Iranian government, as people ride on their motorbike in Tehran, Iran, Wednesday, Jan. 14, 2026. (AP Photo/Vahid Salemi)

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