CHICAGO (April 17, 2024) – Second Century Ventures, the National Association of Realtors®’ investment arm and a leading global real estate technology investor, has welcomed eight new companies to its 2024 REACH program. Since its inception in 2013, this initiative, now in its 12th cycle, aims to fast-track tech innovations for the U.S. residential real estate market.
Mark Birschbach, NAR’s Senior Vice President of Strategic Business Innovation and Technology, said, “The REACH scale-up program is driving significant innovations by merging technology with real estate. Our goal is to expand what’s achievable, providing Realtors® with the tools and knowledge necessary for outstanding client service and enhanced operational efficiency.”
The 2024 cohort includes a varied group of companies addressing all phases of the transaction process, from initial agreement to final closure. These companies have collectively garnered over $55 million in investments and support over 300 employees globally.
Ashley Stinton, Managing Partner at NAR REACH, noted, “The eight chosen companies are tackling the biggest challenges and seizing major opportunities in the industry. Our support for real estate professionals and their clients is crucial, and we believe these innovators will greatly influence the real estate, finance, title, mortgage, and home services sectors.”
The companies joining the 2024 REACH program are:
- Chirpyest: A social commerce marketplace that allows real estate professionals to earn cash back on purchases and share their top picks.
- Final Offer: A consumer and agent-centric negotiation platform that updates all parties with real-time, clear offer notifications.
- Kukun: A platform providing homeowners and related industries with real estate data, analytics, and applications.
- Notable: Offers straightforward pay-at-close financing for clients needing to prepare their homes for sale.
- Purlin: Uses AI to transform real estate agent conversations into transactions, streamlining interactions with settlement service providers.
- Scout: Assists agents in identifying and connecting with homeowners through AI-enhanced, personalized email campaigns.
- Trackxi: A collaborative tool for tracking deals and tasks involving real estate agents, teams, clients, and consumers.
- Unlock: Aids consumers in leveraging their home equity without the need for interest or monthly payments.
Dave Garland, Managing Partner at Second Century Ventures, commented, “These companies are set to dramatically transform the real estate industry in the upcoming year and beyond. By integrating these solutions into the REACH program, we’re equipping agents with innovative tools and technologies, enhancing their ability to serve clients and remain competitive in a dynamic market.”
REACH provides an extensive program that includes educational opportunities, mentorship, exclusive networking events, and significant exposure to the global real estate market. For more information on REACH and participation opportunities, please visit narreach.com.
For more information, read the original press release from: https://www.nar.realtor/newsroom/second-century-ventures-announces-8-companies-for-2024-reach-scale-up-program