The REACH program helps launch and accelerate high-growth potential companies in the real estate industry by offering education, mentorship, networking, and exposure in the real estate marketplace.
“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,” says Bob Goldberg, NAR’s CEO 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.”
The two classes selected for REACH are companies that have raised more than $50 million in capital, employ more than 340 people, and represent a market capitalization of more than $400 million.
“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 in real estate,” says Dave Garland, managing partner of Second Century Ventures.
The following eight companies were selected for the REACH Class of 2020:
- Earnnest: secure, electronic escrow fund transfer platform
- Kangaroo: affordable, DIY smart home and small business security solutions
- RealX: America’s first online property rights exchange
- Ylopo: end-to-end, cross platform, digital marketing
- PunchList: all-in-one closing repair solution
- Transactly: simple, streamlined platform for real estate professionals and transaction coordinators
- CartoFront: software-as-service (Saas) based flood insurance tool for Realtors®
- Modus: secure, modernized title and escrow platform
The following eight companies make up the REACH Commercial Class of 2020:
- Obie: insurance and portfolio management for small-to-medium CRE investors and owners
- EPR2: clean energy solutions for commercial property owners
- Pear Chef: private chef and culinary services for the multi-family housing market
- Dealius: integrated, web-based CRE brokerage management platform
- Dealius Capital: working capital funding specializing in lease commission receivables
- Leasera: on-demand services platform for the multi-family rental housing market
- Real Time Risk Solutions: mobile risk management platform with advanced analytics
- Occupier: Deal management, lease accounting and lease portfolio management solution
