Blog Layout

SCV Announces 2021 REACH Commercial Cohort

19 April 2021

This year’s corresponding REACH residential real estate technology group to be unveiled in the coming weeks

CHICAGO (April 19, 2021) – Second Century Ventures, the strategic investment arm of the National Association of Realtors ® , announced today the selection of nine technology companies for the 2021 REACH Commercial scale-up program. SCV, which is the most active global venture fund in real estate technology with more than 130 portfolio companies worldwide, 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 beyond the commercial real estate sector.

“This pandemic has underscored the foundational role commercial properties play in the sustainability of vibrant communities,” said SCV President and NAR CEO Bob Goldberg. “NAR has been on the frontlines on Capitol Hill and in every state capital this past year fighting to support our commercial practitioners as they work to attract investment, create jobs and revitalize communities. The unveiling of the 2021 REACH Commercial class is another critical step in our work to ensure commercial real estate can adapt to and flourish in the markets of the future.”

Companies selected for the 2021 REACH Commercial program offer innovative tools and solutions for multiple aspects of the CRE market. Collectively, these companies have raised over $34 million in capital, employ more than 400 people worldwide and represent a valuation of $200 million.

“We have selected nine companies for our 2021 REACH Commercial cohort that are already well on their way to being market leaders in their spaces,” said Bob Gillespie, executive director of REACH Commercial. “They bring solutions that fundamentally change commercial real estate design, investment and transaction management, as well as how we manage, experience and understand the properties in which we live and work. We have an outstanding 2021 class and look forward to helping them achieve exponential growth.”

The nine companies selected for the 2021 REACH Commercial program are:

  • Valcre : premier end-to-end appraisal software solution for CRE
  • Remarkably : marketing business intelligence platform for multifamily housing owners and operators
  • Lex Markets : a first-of-its-kind securities market for commercial real estate
  • Parafin : on-demand generative design for optimized designs, budgets and investment models
  • ProDeal : award-winning CRE closing software platform
  • Land Intelligence : actionable intelligence for new land development deals
  • Otso : innovative commercial lease securitization for tenants, landlords and brokers
  • Groundbreaker : all-in-one investment management software for small to medium commercial real estate investment firms
  • Cove : modernized technology service platform to transform the way people engage with their physical environments

“These nine companies have been selected from an impressive list of highly qualified candidates,” said Tyler Thompson, managing partner of Second Century Ventures. “We are confident the nine technologies, and the founders who lead them, will not only help the market navigate post-pandemic challenges, but will revolutionize the future of real estate. We look forward to announcing the companies selected for our residential technology scale-up in the coming weeks as these two cohorts will work together to leverage our rapidly expanding global community of real estate industry professionals, strategic partners, investors, and mentors.”

REACH will announce the companies selected to its residential real estate technology program later this month. Both U.S.-based classes will experience a robust curriculum including education, mentorship, a curated insight panel, exclusive networking opportunities and significant exposure to the global real estate marketplace. Learn more about the 2021 REACH Commercial program and how you can get involved at narreach.com.

share

Related Articles

by Ashley Stinton 19 November 2024
The National Association of Realtors®' REACH technology growth program has been awarded PropTech Outlook's 2024 Accelerator of the Year. This commendation reinforces REACH's vital role in supporting and accelerating innovation within real estate and adjacent industries.
by Ane Delsol 8 November 2024
MEXICO (November 08, 2024)- REACH Latam Graduation: On October 23, 2024, REACH Latam proudly celebrated the graduation of its Class of 2024. During the Tech Week event in Mexico City, companies had the opportunity to participate in a panel before showcasing their pitches to a distinguished VC jury.
by Mike McAra 1 November 2024
CALGARY (November 1, 2024) – Second Century Ventures, the strategic investment arm of the National Association of Realtors®, today announced eight companies selected for its 2025 REACH Canada program. These firms operate within a diverse range of market segments and specializations, offering productivity and efficiency solutions for real estate professionals while addressing some of society’s growing housing challenges. "The vision for REACH and Second Century Ventures has remained crystal clear: to empower industry innovators to work hand in hand with agents and brokers, enhancing services that support seamless operations, secure transactions and pathways to new opportunities," said Dave Garland, managing partner of SCV. "We are committed to helping these transformative companies make lasting impacts on real estate by prioritizing efficiency, adaptability and security in a rapidly evolving market." Second Century Ventures is the most active global venture fund in real estate technology, with more than 280 portfolio companies worldwide. SCV operates the global REACH scale-up program in seven major markets – U.S. Residential, U.S. Commercial, Australia, Canada, the United Kingdom, Latin America and Israel. The 2025 REACH Canada cohort marks the fifth group of high-growth-potential companies scaled by the Canadian program since its launch in 2020. "The 2025 REACH Canada cohort reflects the power of diverse technological innovations to address real estate’s unique challenges," said Lynette Keyowski, managing partner of REACH Canada. "Focusing on quality-driven technology and mission-oriented founders, this cohort brings solutions that redefine property management, foster financial inclusivity, expand rental flexibility and facilitate secure investment and property enhancements. We're thrilled to support these companies as they create meaningful solutions that resonate across the real estate community." The eight companies selected for REACH Canada 2025 are as follows: Bidmii connects real estate professionals and homeowners with contractors, making home improvements easier, faster and more secure by holding project funds in trust to ensure peace of mind for everyone involved. REITIUM is a real estate marketplace empowering churches to raise capital through donations, debt and equity to build community centers, day cares and affordable housing on excess church land. ReLease is the simplest way for apartment buildings to offer residents flexible renting benefits, including the option to end their lease for any reason. RocketPlan is a mobile-first business operating system for property restoration insurance claims, professionals streamlining documentation, reporting, estimating and billing. SHARE SFR is an efficient way to build a portfolio of U.S. rental properties, unlocking institutional real estate service providers for every step of the investing value chain for retail investors. Stelor provides condo managers and boards with capital replacement tools, analytics and predictive forecasting to help avoid special assessments and optimize reserve fund fees. Upfront provides real estate native financial services for brokers and agents. Voiceflip makes data accessible with advanced AI and voice technology delivering real-time, multilingual insights across 25 languages, giving users instant access to property data, market trends and organizational information. REACH Canada will offer its 2025 program a robust curriculum including education, mentorship, exclusive networking opportunities and significant exposure to the global real estate marketplace. Learn more about the companies selected for the REACH Canada program and how you can get involved at www.narreach.ca . Find the release also at: https://www.nar.realtor/newsroom/ About the National Association of Realtors® The National Association of Realtors® is America's largest trade association, representing 1.5 million members involved in all aspects of the residential and commercial real estate industries. The term Realtor® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of Realtors® and subscribes to its strict Code of Ethics . For free consumer guides about navigating the homebuying and selling transaction processes – from written buyer agreements to negotiating compensation – visit facts.realtor . About REACH REACH is a unique technology scale-up program created by Second Century Ventures, the most active global fund in real estate technology. Backed by the National Association of Realtors®, Second Century Ventures leverages the association’s 1.5 million members and an unparalleled network of executives within real estate and adjacent industries. The REACH program helps technology companies scale across the real estate vertical and its adjacent markets through education, mentorship and market exposure. For more on REACH, visit narreach.com .
ALL ARTICLES
Share by: