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HomeSubject AreaCommercialSecond Century Ventures Proclaims 17 Corporations for 2022 REACH Scale-up Program

Second Century Ventures Proclaims 17 Corporations for 2022 REACH Scale-up Program


CHICAGO (April 5, 2022) – Second Century Ventures, the strategic funding arm of the Nationwide Affiliation of Realtors® and probably the most lively world actual property know-how fund, introduced immediately the acceptance of 17 corporations to the 2022 REACH and REACH Industrial applications. Launched in 2013, this marks the tenth cohort centered on options for the residential sector and the fourth cohort devoted to scaling options for business actual property.

“The progressive corporations which have come out of the REACH program through the years have had a dramatic impact on the actual property panorama,” mentioned SCV President and NAR CEO Bob Goldberg. “The affect of know-how on this business is simple and the entrepreneurs in REACH proceed to redefine our understanding of what’s achievable immediately. We’re so excited to work hand-in-hand with these pioneering corporations to make sure that Realtors® stay on the forefront of the actual property business.” 

Corporations chosen for the 2022 program symbolize a various vary of options throughout the actual property ecosystem, together with improvements in inspection, appraisal, fractional property possession, lead technology, due diligence, underwriting and tenant retention, amongst others. Collectively, these corporations have raised greater than $200 million in funding and symbolize a mixed valuation of $1.4 billion.

“This yr marks a number of important milestones in NAR and Second Century Ventures’ legacy of innovation,” mentioned Dave Garland, managing companion, Second Century Ventures. “Not solely are we celebrating the depth of a 180-plus firm robust portfolio and the continued growth of the REACH program, however we’re additionally scaling among the most ground-breaking applied sciences the business has witnessed up to now. The 2022 NAR REACH and REACH business applications symbolize the highest new corporations in property know-how, whose groups are as proficient because the innovation they ship.”

Corporations accepted to the 2022 REACH and REACH Industrial applications are as follows:

REACH 2022

  • Courted: Skilled networking platform empowering brokers to make higher data-driven advertising, hiring and referral selections.
  • Fractional: Collaborative, full-service, community-driven actual property investing market.
  • Inspectify: Applies the most recent know-how to make inspectors more adept and efficient.
  • leadPops: All-in-one answer to drive site visitors, enhance search engine marketing and enhance each quantity and high quality of leads.
  • PLACE: All-in-one platform for high producers delivering unparalleled client experiences.
  • Perchwell: Unifies real-time market evaluation, itemizing knowledge, seamless consumer collaboration and reporting.
  • Reggora: Appraisal administration platform delivering unprecedented effectivity and agility.
  • Revive: Brings certainty to the renovation expertise to householders throughout the nation.

REACH Industrial 2022

  • Arx Metropolis: Underwriting and market intelligence platform to supply and consider optimum improvement tasks.
  • B-Line: Facility administration and emergency alert platform empowering house owners and occupants protected return to work.
  • CREtelligent: Modern due diligence options, analytics, {and professional} insights for business actual property acquisitions.
  • LeaseUp: Collaborative business actual property platform for brokers to handle tasks, create polished output for purchasers and centralize communication.
  • Matrix Rental Options: Common rental software platform constructed to ship effectivity and inclusivity for renters and landlords.
  • SPACKLE: Connects service suppliers with business occupiers to handle and fulfill upkeep and enchancment requests.
  • Stake: Empowers renters’ financial savings journey by money again and monetary ideas, enhancing tenant retention and monetary stability.
  • STRATAFOLIO: Streamlined business property administration platform to save lots of time, enhance earnings and cut back handbook work.
  • WhoseYourLandlord: Turns resident opinions into operational insights serving to house suppliers enhance resident retention and satisfaction.

The REACH program is led by Govt Director Kia Nejatian, and the REACH Industrial program is led by Govt Director Bob Gillespie. REACH provides a strong curriculum together with training, mentorship, unique networking alternatives and important publicity to the worldwide actual property market. To study extra about REACH and how one can become involved, go to https://nar-reach.com.

About REACH

REACH is a novel know-how scale-up program created by Second Century Ventures, probably the most lively world fund in actual property know-how. Backed by the Nationwide Affiliation of Realtors®, REACH leverages the affiliation’s greater than 1.5 million members and an unparalleled community of executives inside actual property and adjoining industries. The REACH program helps know-how corporations scale throughout the actual property vertical and its adjoining markets by training, mentorship, and market publicity.

About NAR

The Nationwide Affiliation of Realtors® is America’s largest commerce affiliation, representing greater than 1.5 million members concerned in all features of the residential and business actual property industries.

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