LOS ANGELES (September 29, 2022) – The Nationwide Affiliation of Realtors® introduced Revive because the winner of the fourth annual “Pitch Battle” competitors on the 2022 Innovation, Alternative & Funding (iOi) Summit.
NAR’s strategic funding arm, Second Century Ventures, hosted this yr’s Pitch Battle in Los Angeles, California. The competitors offered a possibility for 12 finalists to showcase revolutionary new instruments and sources for industrial and residential actual property marketplaces.
The highest prize was awarded to Revive, a fast-growing startup with a mission to information house sellers by means of renovations to promote their property for extra. The corporate, based in 2019, makes use of a next-generation strategy to house preparations that permits sellers to take advantage of sensible and impactful updates with out the upfront price and uncertainty typically related to house enhancements.
“This yr’s Pitch Battle noticed a few of the most promising PropTech startups showcase their improvements to a crowd of stakeholders starting from international buyers to futurists to actual property professionals,” stated NAR CEO and SCV President Bob Goldberg. “Revive embodies the essence of iOi and our Pitch Battle – the services and products on show at present could have an incredible affect on customers and actual property brokers. I am thrilled now we have this chance to advertise the progress unfolding out there, and I congratulate Revive on the well-deserved victory.”
In its pitch, Revive highlighted the hands-on strategy it takes to assist house sellers maximize the return on funding. Founder and CEO Michael Alladawi defined how his firm has developed processes, expertise and experience to information owners and Realtors® when creating their plans for renovations. Revive offers capital at no upfront price to the home-owner and a vetted contractor to execute these plans.
Along with the appreciable publicity, Revive will likely be awarded $15,000, a sales space at NAR’s annual convention in November (NAR NXT) and can current the subsequent Pitch Battle winner on the 2023 iOi Summit.
The Pitch Battle’s Crowd Favourite, as voted on by the in-person and digital viewers, was awarded to Stake, an revolutionary loyalty program delivering money again for renters. Presently obtainable in 30,000 houses nationwide, Stake empowers renters to avoid wasting, construct wealth, and unlock free and equitable banking companies.
In the course of the firm’s pitch, Co-Founder and CEO Rowland Hobbs defined how rental communities that provide Stake outperform with dramatically improved demand, loyalty and retention.
To see the total listing of 2022 Pitch Battle finalists, go to ioisummit.realtor/pitch-battle.
The Nationwide Affiliation of Realtors® is America’s largest commerce affiliation, representing greater than 1.5 million members concerned in all elements of the residential and industrial actual property industries.
Second Century Ventures (SCV) is essentially the most energetic international actual property expertise fund. Backed by NAR, SCV leverages the affiliation’s greater than 1.5 million members and an unparalleled community of executives across the globe. SCV helps portfolio firms develop the world over’s largest industries together with actual property, monetary companies, banking, house companies and insurance coverage. SCV additionally operates the award-winning REACH scale-up program within the U.S., Canada, Australia and the UK.
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