CHICAGO (December 14, 2020) – Second Century Ventures, the National Association of Realtors® strategic investment arm and the most active global real estate technology fund, is now accepting applications for the 2021 REACH and REACH Commercial Programs. Applications for the REACH and REACH Commercial Programs 2021 will be accepted until January 31, 2021 at www.narreach.com/apply. Both programs start in April and run until November 2021.
REACH provides education, mentoring, and engagement for technology companies working to scale their businesses in the U.S. residential and commercial real estate markets and expand into adjacent markets, including insurance, mortgage, and financial services. With its recent expansion into Australia, Canada and the UK, REACH also offers technology startups a unique opportunity to get involved in the multi-trillion dollar global real estate industry and gain access to a global network of entrepreneurs, mentors and investors.
"NAR's continued commitment to sourcing the world's newest and most promising technologies through programs such as REACH will enable us to provide the tools Realtors® and their customers need in both favorable and rapidly changing market conditions," said NAR, Senior Vice President for Strategic Business, Innovation & Technology Mark Birschbach. "For over a decade, Second Century Ventures has strived to find the most talented entrepreneurs and technologies that revolutionize and continue to revolutionize real estate. With over 100 companies in the global SCV portfolio, we are excited to open applications for 2021 REACH programs and welcome the next wave of innovators. "
REACH has attracted technology startups developing solutions for various aspects of the industry including energy solutions, virtual staging, transaction management, marketing automation, pay-at-close renovation, Realtor® security, leasing, lending, tokenization and more.
The participating companies achieved impressive results both during and after the program ended. In particular, REACH companies have raised more than $ 400 million in follow-up funding. that increased sales, customer and / or user growth rates between 50 and 2,000 percent; and have established important partnerships with large companies such as DocuSign, Porsche, Google, Facebook, Compass, Coldwell Banker, RE / MAX and BHHS.
"As the most active global real estate fund and top real estate growth program, we are determined to find the technologies with the greatest potential to revolutionize real estate today and in the future," said Dave Garland, Managing Partner of Second Century Ventures. "We are looking for innovative teams who can find their way around the complex and dynamic marketplaces for residential and commercial buildings and who want to help shape the future of real estate. We encourage companies to develop innovative technology solutions for all aspects of real estate."
Participants in the commercial scale-up programs REACH and REACH receive numerous benefits, including:
- Mentoring real estate and technology thought leaders and executives from major real estate agents and brands, technology companies, and venture capitalists.
- Insight Panel, an exclusive group of real estate professionals providing feedback on user experience, product viability, and pricing.
- Training to navigate the trillion dollar real estate industry, powered by the nation's largest trade association and a $ 5 billion mark.
- Exclusive access to more than a dozen of the most important conferences, trade shows and networking events in the real estate industry.
- A global network of highly talented, like-minded entrepreneurs with more than 100 REACH alumni companies and curated program sponsors, including AWS, FirstAm and HubSpot for Startups.
Further information on REACH or how to apply is available at www.narreach.com.
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REACH is a unique technology scale-up program launched by Second Century Ventures, the most active global real estate technology fund. Second Century Ventures is supported by the National Association of Realtors® and leverages the association's 1.4 million members and an unparalleled network of executives in real estate and related industries. The REACH program supports technology companies in scaling the real estate industry and adjacent markets through education, mentoring and market presence. More information on REACH can be found at www.narreach.com.
Via the National Association of REALTORS®
The National Association of Realtors® is America's largest trade association and represents more than 1.4 million members who work in all areas of the residential and commercial real estate industries.