CHICAGO (May 18, 2020) – Second Century Ventures, the strategic investment arm of the National Association of Realtors®, announced Monday the selection of its 2020 REACH and REACH Commercial programs. Second Century Ventures is the most active global venture fund in real estate technology with more than 100 portfolio companies worldwide.
Second Century Ventures operates the global REACH accelerator with operations in five major markets. The award-winning REACH program helps launch and accelerate high growth potential companies in the real estate, financial services, banking, home services and insurance industries.
“NAR has spent decades exploring and investing in the technological innovations we believe will define the future of America’s real estate market – investments that appear even more critical in the face of the COVID-19 pandemic,” said Bob Goldberg, CEO of the National Association of Realtors® and President of Second Century Ventures.
“While we look at this crisis as an opportunity to grow and adapt to the markets of the future, we know it is also a time when NAR’s commitment to equipping Realtors® with the technology they need to survive in a rapidly-evolving market is more important than ever,” Goldberg continued. “The REACH program allows NAR to deliver radical and actionable innovation in all aspects of real estate, and we are thrilled to welcome 16 new companies representing a dynamic group of entrepreneurs who will work hand in hand with the Realtor® family to transform our industry.”
Companies selected for the 2020 REACH and REACH Commercial classes offer innovation in transaction management, insurance, home and small business security, digital marketing, multifamily housing amenity services, clean energy and more. Collectively, these two classes have raised over $50 million in capital, employ more than 340 people and represent a market capitalization of more than $400 million.
“The companies selected for the 2020 REACH program rose to the top of a tremendously impressive list of applicants,” said Dave Garland, Managing Partner of Second Century Ventures. “With the support and guidance of our vast global community of real estate industry professionals, strategic partners, investors and mentors, we are confident the 2020 class participants will be among the most instrumental companies to deliver positive and enduring transformation for real estate.”
The eight companies selected for the REACH Class of 2020 include:
The eight companies selected for the REACH Commercial Class of 2020 include:
“The rave success of the inaugural commercial program in 2019 more than illustrated the need for innovation that supports practitioners, owners, managers and investors alike,” said Tyler Thompson, Managing Partner, Second Century Ventures. “We are excited to debut the REACH Commercial Class of 2020, a remarkable lineup of solutions across the commercial real estate eco-system, and we’re eager to accelerate their growth through unrivaled access and exposure to the industry.”
REACH will offer its 2020 classes 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 2020 REACH and REACH Commercial classes and how you can get involved at narreach.com.