CHICAGO (April 19, 2021) – Second Century Ventures, the strategic investment arm of the National Association of Realtors®, today announced the selection of nine technology companies for the REACH 2021 commercial scale-up program. SCV, the world's most active global real estate technology venture fund with more than 130 portfolio companies, operates the award-winning REACH growth program in five major international markets. The REACH Commercial program helps high-growth potential technology companies scale in and out of the commercial real estate sector.
"This pandemic has highlighted the fundamental role commercial real estate plays in the sustainability of vibrant communities," said Bob Goldberg, President and NAR CEO of SCV. "NAR has been on the front lines on Capitol Hill and every state capital for the past year, struggling to help our business practitioners attract investment, create jobs and revitalize communities. The REACH Commercial Group unveiling is in 2021 another important step in this area. " Our work to ensure that commercial real estate can adapt and thrive in the markets of the future. "
Companies selected for the REACH Commercial Program 2021 provide innovative tools and solutions for various aspects of the CRE market. Collectively, these companies have raised more than $ 34 million in capital, employ more than 400 people worldwide, and are valued at $ 200 million.
"We have selected nine companies for our REACH Commercial 2021 program that are already well on their way to becoming leaders in their fields," said Bob Gillespie, Executive Director of REACH Commercial. "They provide solutions that are fundamentally transforming the design, investment and transaction management of commercial real estate, and the way we manage, experience and understand the real estate we live and work in. We have a stellar cohort of 2021 and look forward to helping you achieve exponential results. " Growth."
The nine companies selected for the REACH Commercial Program 2021 are:
- Valcre: leading end-to-end assessment software solution for CRE
- Noteworthy: Marketing of the business intelligence platform for owners and operators of apartment buildings
- Lex Markets: A unique securities market for commercial real estate
- Parafin: Generative on-demand design for optimized designs, budgets and investment models
- ProDeal: award-winning CRE locking software platform
- Land Intelligence: actionable information for new land development agreements
- Otso: innovative securitization of commercial leases for tenants, landlords and brokers
- Groundbreaker: All-in-one investment management software for small to medium-sized commercial real estate investment firms
- Cove: Modernized technology service platform to change the way people interact with their physical environment
"These nine companies were selected from an impressive list of highly qualified candidates," said Tyler Thompson, managing partner of Second Century Ventures. "We are confident that the nine technologies and the founders who lead them will not only help the market meet post-pandemic challenges, but will revolutionize the future of real estate. We look forward to making the companies known." selected for our residential real estate scale-up in the coming weeks, these two cohorts will work together to capitalize on our rapidly growing global community of real estate professionals, strategic partners, investors and mentors. "
REACH will announce the selected companies for its residential technology program later this month. Both US-based cohorts will have a solid curriculum that includes education, mentoring, a curated insight panel, exclusive networking opportunities, and substantial access to the global real estate market. Find out more about the REACH Commercial Program 2021 and how you can get involved on narreach.com.
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REACH is a unique real estate technology program launched by Second Century Ventures, the most active venture fund in the global real estate technology space. With the support of the National Association of Realtors®, SCV and REACH leverage the association's 1.4 million members and an unparalleled network of executives in real estate and related industries. The REACH program helps technology companies enter the real estate industry and adjacent markets. The program offers education, mentoring and market exposure in one of the world's largest industries. Further 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.