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Second Century Ventures Opens Functions for 2023 REACH UK Program


LONDON (August 25, 2022) – The UK arm of the REACH actual property know-how scale-up program is now accepting functions for its 2023 cohort. The award-winning REACH program was developed and is operated by Second Century Ventures, the strategic funding arm of the Nationwide Affiliation of Realtors®.

The mission of the REACH UK program is to speed up the adoption of probably the most promising new know-how throughout the true property ecosystem and its ancillary industries, together with finance, banking and insurance coverage. The REACH UK program presents premier entry to the next:

  • Mentorship from actual property, enterprise capital and know-how sector leaders;
  • Training on tips on how to navigate the trillion-dollar international property {industry};
  • Unique talking alternatives on the most impactful conferences, commerce exhibits and networking occasions, together with Propertymark, CREtech London, EA Masters and extra;
  • Distinctive entry to high media and educational organizations; and
  • A worldwide community of extremely proficient, like-minded entrepreneurs, together with greater than 180 REACH portfolio firms and curated program sponsors.

On the heels of two profitable cohorts, and with continued assist from main {industry} accomplice, NAEA Propertymark, REACH UK has established itself as an {industry} standout. This system will as soon as once more provide a choose group of entrepreneurs entry to a worldwide community of friends, mentors and traders together with its sister applications within the U.S., Canada and Australia. 

“The tempo of innovation in the true property know-how sector is staggering,” stated Bob Goldberg, NAR CEO and the president of SCV. “We now have seen a number of exceptional success tales come out of the REACH UK program, and we’re desperate to work with a brand new group of innovators trying to make their mark on a dynamic {industry}.”

Notable successes from REACH UK portfolio firms embody the next:

  • The closing of fundraising rounds by Hammock, Residently, Mokki, Myr.ai and Monspire, totalling over £12 million;
  • Profitable worldwide enlargement by Myr.ai, bringing their sensible constructing know-how into the UK by getting into the market with main gamers Cadworks and E-office;
  • Sensible Level’s document year-on-year income achievement via enlargement into new European cities;
  • Strategic collaborations between BlockDox and Fyma, offering cutting-edge knowledge analytics and insights by way of integrating new forms of occupancy and site visitors knowledge for industrial actual property;
  • BlockDox and edozo partnership delivering sensible use of constructing knowledge; and
  • A number of cohort firms receiving invites to deploy their know-how with main actual property teams and set up transformative pilot applications within the UK and globally.

“It’s a privilege to be on the helm of the REACH UK program for our third yr in operation,” stated Valentina Shegoyan, managing accomplice of REACH UK. “Because the proptech market continues to mature all through Europe, we see increasingly high-calibre startups with sturdy management addressing the true property market, and we proceed investing in a various vary of options whereas rising our personal operations in parallel.”

Functions for REACH UK shall be accepted via October 14, 2022. This system will start in February 2023 and run via autumn 2023.

For extra details about REACH UK, be a part of considered one of our open workplace hour periods, or to use, go to nar-reach.com/uk.

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 industrial actual property industries.

About REACH

REACH is a novel know-how scale-up program created by Second Century Ventures, probably the most energetic international fund in actual property know-how. Backed by the Nationwide Affiliation of Realtors®, Second Century Ventures 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 firms scale throughout the true property vertical and its adjoining markets via schooling, mentorship and market publicity. For extra on REACH, go to www.narreach.com

About Propertymark

Propertymark is the UK’s main skilled physique for property and letting brokers, industrial brokers, auctioneers, valuers and stock suppliers, comprising practically 17,500 members. Propertymark is member-led with a Board which is made up of practising brokers who make sure the group works carefully with its members to set skilled requirements via regulation, accredited and acknowledged {qualifications}, an industry-leading coaching program and necessary Persevering with Skilled Improvement.

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