Second Century Ventures Announces 7 Companies for 2024 REACH Commercial Scale-Up Program
05 Agosto 2024 - 8:00AM
Second Century Ventures, the strategic investment arm of the
National Association of Realtors® and the most active global real
estate technology fund, announced today the acceptance of seven
companies to the 2024 REACH Commercial program. Launched in 2019,
this marks the sixth cohort dedicated to scaling solutions for
commercial real estate.Companies selected for the 2024 program
represent a diverse range of solutions across the real estate
ecosystem. These innovations span large land transactions, real
estate ownership, commercial lease abstraction, digital sales and
leasing, lowering of carbon emissions and improving building
operations, among others. Collectively, these companies have raised
more than $150 million in funding and employ more than 150
individuals worldwide.“These seven companies are driving innovation
within the commercial real estate ecosystem,” said Dave Garland,
managing partner of Second Century Ventures. “By investing in and
supporting these forward-thinking businesses, we ensure that
commercial real estate professionals have access to the latest
technologies, empowering them to enhance operations, make informed
decisions and deliver value to their clients.”Companies accepted to
the 2024 REACH Commercial program are as follows:
- Acres is a
geospatial land research platform designed to empower brokers and
agents involved in land transactions.
- Infinityy brings
properties to life with immersive AI companions that plan and
execute personalized property and neighborhood experiences,
capturing leads 24/7 and significantly increasing close rates.
- Incentifind is an
incentive resource from search to savings. The go-to database of
green building incentives, with $500 million in savings already
identified.
- Premise HQ automates
complex data management across commercial and industrial properties
from completely disparate applications and processes to reduce
operational costs, increase capitalization rates and minimize
risk.
- Prophia provides
commercial real estate investors and operators an AI-driven data
management platform to enhance the performance of assets, funds and
portfolios.
- Rensair is the
world’s first certified air quality ecosystem, using patented
hardware and software to cut carbon out of existing HVAC systems
and instantly lower emissions and energy use by more than 40%.
- Withco empowers
small businesses to become property owners so that they obtain the
control, wealth, and permanence only afforded through
ownership.
“This year’s REACH Commercial cohort, selected from our most
competitive application pool yet, is set to significantly impact
the industry,” said Bob Gillespie, managing partner of REACH
Commercial. “They are addressing major challenges in our rapidly
evolving field with innovative solutions in lowering carbon
emissions, leveraging artificial intelligence and big data, and
creating better fintech solutions to drive real estate
transactions. We are excited about this outstanding group and their
potential for substantial growth.”REACH offers a robust curriculum
including education, mentorship, exclusive networking opportunities
and significant exposure to the global real estate marketplace. To
learn more about REACH and how to get involved, visit
nar-reach.com.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®, REACH
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.About NARThe 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.
# # #Information about NAR is available at
nar.realtor. This and other news releases are posted in
the newsroom at nar.realtor/newsroom.
Spencer High
National Association of Realtors®
202-383-1051
shigh@nar.realtor