You are viewing our site as an Agent, switch your view below:

Agent | Broker     Reset Filters to Default
Second Century Ventures Launches REach Commercial Accelerator
WASHINGTON (February 19, 2019) — Second Century Ventures, the National Association of Realtors®' strategic investment arm, has launched REach® Commercial, its first commercial real estate technology accelerator. Applications for the 2019 REach® Commercial class will be accepted through March 31, 2019, at narreach.com/apply. "Expanding the REach® accelerator program will further NAR’s vision outlined last summer at the iOi conference in San Francisco, creating a dynamic, competitive real estate market that will help NAR advance our members-first mission for years to come," said Bob Goldberg, CEO of the National Association of Realtors®, and President of Second Century Ventures. "REach® Commercial will continue to leverage an exceptional network of real estate industry professionals, strategic partners, investors, and mentors to increase the depth of the commercial real estate field." With the foundation of the REach® Accelerator curriculum, which has graduated 48 companies that have collectively raised over $350M in financing during or after program acceptance, and the recent acquisition of select Elmspring accelerator assets, REach® Commercial will offer its 2019 class unparalleled access to the commercial real estate industry. Co-founded by Elmdale Partners' Adam Freeman and Tom Bretz, the Elmspring accelerator was uniquely incepted to drive innovative concepts in housing, smart home automation, multifamily, hospitality, space arbitrage, smart office planning, construction and more. "Venture capital is flowing into real estate technology at an exponential rate, driving innovation in every corner of the industry," said Mark Birschbach, NAR's Senior Vice President of Strategic Business, Innovation & Technology. "REach® Commercial enables us to invest in the entrepreneurs and companies that are revolutionizing the commercial real estate landscape while positioning Realtors® to be the first to embrace these changing technologies." REach® Commercial will offer its 2019 class a robust curriculum including: Mentorship from a roster of commercial and housing industry professionals, investors and strategic partners; Access to NAR's Insight Panel, a group of more than 50,000 real estate professionals who provide feedback on user experience, product viability and pricing; Education on how to navigate the multi-trillion dollar commercial real estate marketplace with the backing of the nation’s largest trade association and a $5 billion brand; Networking opportunities at local, national and international industry events; and Significant Exposure through NAR’s marketing and communication channels. Applications for the 2019 REach® Commercial class will be accepted through March 31, 2019, at www.narreach.com/apply. Selected companies will be announced at the REALTORS® Legislative Meetings & Trade Expo, May 13-18, 2019, in Washington, D.C. REach® is a unique real estate technology accelerator created by Second Century Ventures, a strategic technology investment fund backed by NAR to leverage the association’s more than 1.3 million members and its unparalleled network of executives within real estate and adjacent industries. The REach® Accelerator is a nine month program designed to help technology firms launch into the real estate vertical and its adjacent markets by providing education, mentorship and market exposure to one of the world’s largest industries. For more on REach®, visit www.narreach.com. The National Association of Realtors® is America’s largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries.
MORE >
Moderne Ventures Announces Its Newest Passport Class
Moderne Ventures accepts eight new companies into its Passport program; companies address seismic shifts in real estate, finance, insurance and home services CHICAGO--Moderne Ventures, a venture investment fund, announced today the eight new companies accepted into its 2019 Moderne Passport Program, an intensive 7-month industry immersion program where companies receive strategic guidance, participate in over 100 one-on-one mentor meetings with senior executive leaders and administer pilots with corporations in the Moderne Network. The 2019 Passport Class companies are marketplaces, services and solutions using technologies, like blockchain and artificial intelligence, to help progress 100+ year old industries. This class has collectively raised over $150M in funding with collective valuations north of $700M. The new companies are: ByteGain — Los Altos, CA: Artificial Intelligence platform that increases lead quantity, quality and performance Eusoh — Los Angeles, CA: Spread the Love - the only community-based care plan for insuring pets Payfully — New York, NY: Get commissions paid while in contract Porch — Seattle, WA: Porch gets the Job Done: home service and maintenance for residential homes and buildings Sagegreenlife — Chicago, IL: Green living walls for greater spaces, places and life Snappt — Los Angeles, CA: Instant identity and financial verification to prevent fraud StreetWire — New York, NY: A data network for faster transactions and operational efficiency WattBuy — Washington, DC: We empower residents to find the best rates and take charge of their electricity "With every Passport class, we bring in the most innovative solutions addressing our industries. We help companies understand complexities, optimize their products and services and connect partners that can benefit most from them," said Constance Freedman, Moderne Ventures founder and managing partner. "This is one of the most interesting classes we have had yet, and we are excited to help them make an impact." About Moderne Ventures Moderne Ventures invests in technology companies in and around real estate, finance, insurance. Moderne operates both a Venture Fund and the Moderne Passport, an Industry Immersion Program designed to foster innovation, partnership and growth between industry partners and new emerging technology companies. Moderne works with over 700 executives and corporations within its core industries and evaluates over 4,500 emerging tech companies each year. Its principals have invested in over 80 companies including DocuSign, Updater, August, Better, Hello Alfred, TaskEasy, Homesnap and Leaselock.
MORE >
ATTOM Data Solutions Launches Consolidated API Platform with Premium Property, Neighborhood and Boundary Data
MORE >
Onboard Informatics Partners with Purplebricks for their U.S. Launch
The U.K.-founded company, positioned as a next generation real estate agent, is hoping to replicate the success of its Australian rollout. NEW YORK, NY (NOVEMBER 15, 2017) - Onboard Informatics, the leader in real estate information, is helping power the newest portal shaking up the industry, Purplebricks. The U.K.-quoted Company launched their concept in Los Angeles in September with plans to expand across California in the coming months and throughout North America. Purplebricks offers a unique experience for both sides of the real estate transaction. For home sellers, the company charges a flat fee of $3,200 to list a property. In a high-priced housing market like LA, this has the potential to save sellers thousands of dollars in traditional sell-side commissions. Home buyers can view all properties and agents in one place on the Purplebricks portal. In addition to search, buyers can submit offers in real time, negotiate sales on properties and communicate directly with all relevant parties. "The innovative and intuitive technology platform offered by Purplebricks along with our experienced Local Real Estate Experts makes the entire process of buying and selling a home for our customers much more convenient, transparent and cost effective," said Jonathan Adler, Purplebricks Chief Marketing Officer. "We are thrilled to take this pioneering approach, which has been so successful in both Australia and the UK and bring it to the U.S." Purplebricks utilizes the developer platform from Onboard Informatics to access neighborhood and property information on the site. "Purplebricks is pulling school information, local amenities, market insight and more from our APIs," said Kevin Mattice, Onboard Informatics Senior Product Manager. "They want to be a complete resource for real estate consumers and having all this information easily available is a fantastic way to do that." London-based Purplebricks is three years old and recently raised $60 million in a special stock offering to launch in the U.S. Its innovative model for real estate has proven successful and includes services such as professional photography, immersive 3D virtual fly-throughs, the ability to schedule home tours 24/7 as well as an innovative platform that enables buyers and sellers to converse safely and securely, make offers and have them accepted, in real time, day or night, listing for a flat fee on the sell side. Traditionally, home sellers are charged a percentage on the sale of their home. "This model is a new concept for the U.S. market given its unique offering which includes the services of an experienced local real estate agent and 24/7 access from listing to closing, all for a flat-fee," said Eric Eckardt, Purplebricks U.S. CEO. "We want to change the way real estate transactions are done, with a strong emphasis of customer service." Purplebricks is challenging the traditional commission-based transaction model using tools like the robust API's from Onboard Informatics, offering customers a much more transparent solution. "We love powering innovative solutions like Purplebricks," said Marc Siden, Onboard Informatics CEO and Co-Founder. "After 15 years in the industry, just when we think we've seen it all, something totally new comes out. We're thrilled to be a part of it." Purplebricks, the next generation brokerage will continue to communicate the strength of its consumer-centric value proposition to customers across Los Angeles as it expands its combination of technology, full service local agents, and fair flat fee 'sell-side' approach.The U.K.-founded company, positioned as a next generation real estate agent, is hoping to replicate the success of its Australian rollout.
MORE >
Onboard Informatics Introduces New Program for Startup Companies
MORE >
RESO Unveils Real Estate DataComp: $25,000 in Cash Prizes for Tech Start-Ups
Competition Kicks-Off Sept. 17 with Live Demos Slated for San Diego on Oct. 17 Raleigh, NC – Sept. 14, 2017 – The Real Estate Standards Organization, or RESO, today revealed the 2017 RESO DataComp its first-ever data competition sponsored by Realtors Property Resource®, will begin on September 17, at 12:00 a.m. Pacific Time, culminating in live demonstration before a distinguished panel of industry judges from 1:00 p.m. to 4:30 p.m. Pacific Time on October 17 at the Pendry Hotel in San Diego, during the RESO fall conference. RESO is an independent non-profit with more than 725 active members, including the National Association of Realtors®, multiple-listing services, real estate associations, brokerages - representing over 800,000 brokers and agents - and industry technology providers. RESO creates and promotes the adoption and utilization of standards that drive efficiency throughout the real estate industry. The RESO DataComp is welcoming tech start-ups outside the real estate industry, as well as new innovators from Universities to incubators. A total of $25,000 in Cash Prizes is being made available, provided by prize sponsors that include FBS, the creators of Flexmls and Stratus Data Systems, Inc. "RESO DataComp is open to all tech companies, startups, colleges, incubators and others who believe they have the next ‘big idea' that could revolutionize real estate through data," said Jeremy Crawford, CEO of RESO. "We are challenging the freshest minds in the developer community to take our hottest technology standard – the RESO Web API – and push the envelope by showing us how we can improve the real estate industry ecosystem," he added. DataComp details Unlike a "Hackathon" that lasts for hours, the RESO DataComp data competition is comprised of a month-long development cycle. With an optional entry fee of $25 – which RESO will donate fully to a nonprofit – it is designed to be open to anyone: from the home hacker to the corporate coder, as long as they are a legal U.S. resident and 18 years of age or older at the time of submission. Individuals or teams are eligible to submit an entry, with teams comprised up to five (5) individuals. Registration must be completed online by October 16th, 2017. $25.000 Cash Prizes include: $10,000 USD for Best Startup $5,000 USD for Best use of Listing Data $5,000 USD for Best use of Non-Listing Data $5,000 USD for Crowd Favorite According to the official rules of the RESO DataComp, submissions can come from all technology sections, including, but not limited to mobile, web, VR, AR, device, hardware, and drone. The most important requirements: entries must select at least one RESO Web API v1.0.2 Compliant Provider. RESO Web API compliant providers available during the competition will include the RPR-AMP platform, FBS's Spark API platform, California Regional MLS's API platform and Zillow Group's Retsly platform. Live real-time MLS data will be provided by Sandicor, California Regional MLS, Arizona Regional MLS, Austin Central Texas Realty Information Service and other datasets within the RPR-AMP platform. Participants will also have access to tax data provided through the RPR-AMP and Retsly platform. MLS Data is a critical component requirement to the functionality of the submission. A full set of the DataComp rules can be downloaded in a PDF from the RESO website here. The panel of judges for the RESO DataComp will be announced at the RESO Fall Conference, and will include experts from both real estate and technology sectors. The Judging Criteria: 30% Originality: Considering the current real estate technology ecosystem, how unique is this product? 30% Execution: How well was this product executed on both the front end and back end? 25% Data Use: How well was a RESO compliant API used in this product? 15% Presentation: How well does the Participant describe and demonstrate their product to the audience and Judging Panel during the Demo? The Live Demonstration portion of the competition – the final stage of judging – will be held on the afternoon of Tuesday, Oct. 17, during the RESO Fall Conference meeting in San Diego, October 17-19, at the uber-hip Pendry San Diego. Each team must present a live demonstration on site to be considered for the competition, remote entries and non-demo based presentations are not allowed, such as PowerPoint. Wednesday afternoon, October 18, will feature DataComp winner presentations. Registration to the conference is limited to just over 300 people and details are available online at www.reso.org/fall-mtg. About RESO The mission of the Real Estate Standards Organization (RESO) is to create and promote the adoption of standards that drive efficiency throughout the real estate industry. RESO was incorporated in November 2011, as an independent, not-for-profit trade organization that was previously a section of the National Association of REALTORS®. RESO has more than 725 active members, including NAR, multiple-listing services, real estate associations, brokerages and industry technology providers. For more information, visit www.reso.org. Contact RESO via email at [email protected]
MORE >
Onboard Informatics Revolutionizes API Developer Platform for Real Estate
MORE >
REach® Technology Accelerator Now Accepting Applications for 2015
  CHICAGO (November 13, 2014) - Second Century Ventures, the strategic investment fund of the National Association of Realtors® , announced today that it is accepting applications for its 2015 REach® Accelerator program, now through January 30th, 2015. The nine-month program provides a unique opportunity for technology companies to get intense exposure into real estate, a market that represents more than $1 trillion in revenue, consists of more than 100,000 small- and medium-sized businesses and generates more than $12.5 billion in advertising spend in the U.S. each year. REach® offers education, mentorship, and exposure for technology companies to enter into the trillion-dollar real estate market, advance their businesses, and expand into adjacent markets such as insurance, mortgage and financial services. The program has attracted technology startups of all types, ranging from big data and marketing automation to business productivity and lead generation companies. The program accepts companies in a wide variety of growth stages, not just early-stage companies. Previous REach® classes included a company that raised more than $20 million before entering the program, another with a revenue run rate greater than $10 million, and graduates from other accelerator programs, including Y Combinator. The program provides an unparalleled industry network, giving selected companies direct access to more than 250 mentors and advisors who are highly regarded executives, digital entrepreneurs and investors responsible for managing billions in revenue. In addition, REach® provides companies access to an insight panel of more than 2,000 practitioners, who help participating startups refine their products. Companies that have completed the REach® program show impressive results: In 2013, six companies raised more than $16.5 million in follow-on financing and companies boasted growth rates ranging from 100-2,000 percent during the course of the program. In 2014, three companies have already raised more than $13 million in follow-on financing and the eight companies grew their customer bases by 90 percent on average during the program. "REach® stands apart from other technology accelerators by creating a virtuous circle where young companies and the real estate industry benefit from each other's expertise," said Dale Stinton, NAR CEO. "REach® offers Realtors® cutting-edge technology already vetted by their association while fostering solutions that improve all stages of the homebuying and selling process for the industry. Simultaneously, the program gives startups a unique opportunity to tap the expertise and networks of the leaders of the real estate industry, giving them a step up for success." Applications to the REach® Accelerator will be accepted now through January 30th, 2015. There is an early application deadline of December 19, 2014 – companies selected early into the program will have a chance to kick-start their entry into the marketplace. The nine-month program runs from April 2015 through December 2015. For more information about REach® visit www.narreach.com. REach® is more than a technology accelerator – it provides massive market exposure and unparalleled access to the world's largest industries. Second Century Ventures is the strategic investment fund of the National Association of Realtors® focused on promoting innovation in the real estate industry and helping the entrepreneurial spirit of real estate thrive. The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
MORE >