MELBOURNE (November 23, 2021) – Second Century Ventures, the strategic investment arm of the National Association of Realtors®, announced today the early acceptance of three companies as part of the 2022 REACH Australia program. REACH Australia is a scale-up program that helps propel technology companies throughout the real estate, finance, banking, home services and insurance industries in Australia and Southeast Asia.
The companies chosen for early acceptance to the 2022 REACH Australia program are as follows:
“The early announcement of these three companies selected ahead of the 2022 program demonstrates the caliber of technology that REACH supports across the financial tech, legal tech and marketing tech industries,” said Dave Garland, managing partner, Second Century Ventures. “We’ve seen great things come from REACH Australia over the past two years. These new entrants will be joining companies that have demonstrated immense value for the real estate ecosystem across Australia and Southeast Asia.”
Notably, the 2021 graduating cohort, comprised of six property technology solutions, secured more than twice the number of pilots and partnerships within the real estate community when compared to 2020. Other successes from the REACH Australia portfolio included Openn Negotiation listing on the Australia Stock Exchange as well as substantial acquisitions and funding rounds by Soho and Propic.
“We believe a major component of the success of the 2021 program is a result of border restrictions and lockdowns in much of APAC, which resulted in the property sector prioritizing and fast-tracking adoption of tech to facilitate remote work,” said Shelli Trung, managing partner, REACH Australia. “We are extremely happy with the many successes of our 2021 REACH Australia portfolio as we continue to be a leader in scaling the top new technology platforms within and beyond the real estate sector. I’m excited about what the future holds for 2022.”
REACH Australia expects to unveil the remaining participants for the REACH Australia 2022 cohort in early February. The program will offer its incoming cohort a robust curriculum comprised of education, mentorship, exclusive networking opportunities and significant exposure to the global real estate marketplace. To learn more about REACH Australia and how you can get involved, visit www.narreach.com/australia(link is external).
The National Association of Realtors® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries.
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 more than 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 www.narreach.com