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Second Century Ventures Announces 14 Companies for 2023 REACH Scale-Up Program
Second Century Ventures, the strategic investment arm of the National Association of Realtors, announced the acceptance of 14 companies to the 2023 REACH and REACH Commercial programs. Launched in 2013, this marks the 11th cohort focused on solutions for the residential and consumer sectors, and the fifth cohort dedicated to scaling solutions for commercial real estate. "We are thrilled to welcome these innovative companies to the 2023 REACH and REACH Commercial programs," said SCV President and NAR CEO Bob Goldberg. "Their solutions are poised to make a significant impact and help overcome the complex challenges that lie ahead in the real estate industry." Companies selected for the 2023 program represent a diverse range of solutions across the real estate ecosystem, including innovations in financial planning, second home property ownership, property management, lead generation, marketing, mortgage asset management, and tenant retention, among others. Collectively, these companies have raised more than $100 million in funding and employ more than 400 individuals worldwide. "These 14 companies represent some of the most promising and innovative solutions in the real estate technology space," said Dave Garland, managing partner, Second Century Ventures. "By supporting and investing in innovative small businesses through the REACH program, we can ensure that Realtors® have access to the latest and most effective tools and technologies, enabling them to better serve their clients and stay ahead in an ever-evolving industry." Companies accepted to the 2023 REACH and REACH Commercial programs are as follows: 2023 REACH Flock: offers a seamless and tax-deferred exit from rental property using the 721 Exchange, allowing property owners to passively earn income and appreciation without the traditional responsibilities of ownership. HighNote: a drag and drop presentation and proposal platform to help agents pitch and sell listings, offers, neighborhoods and themselves. Plus Platform: modern asset management and trading platform for residential mortgages, providing better transparency and liquidity to the mortgage market. Prisidio: digital vault to capture and securely share your most important information with the key people in your life. Real Grader: measures, manages and maximizes digital reputation for real estate professionals across search, social media and real estate platforms. Summer: simplifies the process of finding, buying, designing and monetizing a vacation or investment home through a non-fractional approach. Tongo: private card-based product for agents to draw against pending commissions ahead of closing, and only repay when they get paid. 2023 REACH Commercial APM Help: stress-free property management solutions prioritizing quality and customer service and leveraging expertise in finance, operations and accounting. BlueStreak IoT: improves the efficiency and performance of services in commercial real estate, including ScentBridge's ambient scent delivery, indoor air quality monitoring, clean air as a service, resource utilization, replenishment management and performance compliance. Dwellwell Analytics: a comprehensive monitoring and early warning maintenance platform for residential property owners who need to reduce operating costs and avert disasters. Fortress PropTech: offers an innovative and easy-to-use platform, utilizing automation technology and data integration to streamline property management and maximize efficiency. Fyma: delivers occupancy and human activity analytics to enable better asset management and property operations. Rockport: provides mission critical commercial real estate systems to the top financial institutions in the world. Work & Mother: commercial lactation suite service with an associated technology that satisfies tenants' legal obligations of providing mother's rooms, while providing a better way to support working parents. "From hundreds of applicants, the companies selected for the 2023 REACH Commercial program are already well on their way to becoming market leaders," said Bob Gillespie, executive director of REACH Commercial. "They bring solutions that fundamentally change commercial real estate operations, finance and brokerage, as well as how we manage, experience and understand the properties in which we live and work. We have an outstanding 2023 cohort and look forward to helping them achieve exponential growth." The REACH program is led by Executive Director Ashley Stinton, and the REACH Commercial program is led by Executive Director Bob Gillespie. REACH offers a robust curriculum including education, mentorship, exclusive networking opportunities and significant exposure to the global real estate marketplace. To learn more about REACH and how you can get involved, visit nar-reach.com.
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Second Century Ventures Announces 17 Companies for 2022 REACH Scale-up Program
Second Century Ventures, the strategic investment arm of the National Association of Realtors and the most active global real estate technology fund, announced today the acceptance of 17 companies to the 2022 REACH and REACH Commercial programs. Launched in 2013, this marks the tenth cohort focused on solutions for the residential sector and the fourth cohort dedicated to scaling solutions for commercial real estate. "The innovative companies that have come out of the REACH program over the years have had a dramatic effect on the real estate landscape," said SCV President and NAR CEO Bob Goldberg. "The influence of technology in this industry is undeniable and the entrepreneurs in REACH continue to redefine our understanding of what is achievable today. We are so excited to work hand-in-hand with these pioneering companies to ensure that Realtors┬« remain at the forefront of the real estate industry." Companies selected for the 2022 program represent a diverse range of solutions across the real estate ecosystem, including innovations in inspection, appraisal, fractional property ownership, lead generation, due diligence, underwriting and tenant retention, among others. Collectively, these companies have raised more than $200 million in funding and represent a combined valuation of $1.4 billion. "This year marks multiple significant milestones in NAR and Second Century Ventures' legacy of innovation," said Dave Garland, managing partner, Second Century Ventures. "Not only are we celebrating the depth of a 180-plus company strong portfolio and the continued expansion of the REACH program, but we are also scaling some of the most ground-breaking technologies the industry has witnessed to date. The 2022 NAR REACH and REACH commercial programs represent the top new companies in property technology, whose teams are as talented as the innovation they deliver." Companies accepted to the 2022 REACH and REACH Commercial programs are as follows: REACH 2022 Courted: Professional networking platform empowering agents to make better data-driven marketing, hiring and referral decisions. Fractional: Collaborative, full-service, community-driven real estate investing marketplace. Inspectify: Applies the latest technology to make inspectors more proficient and effective. leadPops: All-in-one solution to drive traffic, boost SEO and increase both volume and quality of leads. PLACE: All-in-one platform for top producers delivering unparalleled consumer experiences. Perchwell: Unifies real-time market analysis, listing data, seamless client collaboration and reporting. Reggora: Appraisal management platform delivering unprecedented efficiency and agility. Revive: Brings certainty to the renovation experience to homeowners across the nation. REACH Commercial 2022 Arx City: Underwriting and market intelligence platform to source and evaluate optimal development projects. B-Line: Facility management and emergency alert platform empowering owners and occupants safe return to work. CREtelligent: Innovative due diligence solutions, analytics, and professional insights for commercial real estate acquisitions. LeaseUp: Collaborative commercial real estate platform for brokers to manage projects, create polished output for clients and centralize communication. Matrix Rental Solutions: Universal rental application platform built to deliver efficiency and inclusivity for renters and landlords. SPACKLE: Connects service providers with commercial occupiers to manage and fulfill maintenance and improvement requests. Stake: Empowers renters' savings journey through cash back and financial tips, enhancing tenant retention and financial stability. STRATAFOLIO: Streamlined commercial property management platform to save time, increase profits and reduce manual work. WhoseYourLandlord: Turns resident reviews into operational insights helping home providers increase resident retention and satisfaction. The REACH program is led by Executive Director Kia Nejatian, and the REACH Commercial program is led by Executive Director Bob Gillespie. REACH offers a robust curriculum including education, mentorship, exclusive networking opportunities and significant exposure to the global real estate marketplace. To learn more about REACH and how you can get involved, visit nar-reach.com.
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4 Companies Compete in Matterport's Space Jam
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RPR's 2019 Product Highlights
It's hard to believe, but 2019 is almost in the rearview. It's time to look back, reflect and review all the key enhancements that RPR released throughout the year. In a focused effort to help REALTORS "wow" their clients and close more deals, RPR launched various platform and app upgrades throughout 2019. Each one designed to position you at the center of every transaction, and to help your business grow and flourish.
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Everything You Need to Know About ISAs (Licensing)
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