Toronto, Jun 07, 2021 (GLOBE NEWSWIRE) – Second Century Ventures, the strategic investment arm of the National Association of RealtorsÂ®, has opened applications for the REACH Canada 2021 Scaling Program. SCV, which is the world’s most active real estate technology venture capital fund, manages the award-winning REACH real estate technology growth program in five major international markets.
REACH offers a unique opportunity for technology companies to gain significant exposure and accelerate their businesses in a global $ 1 trillion real estate industry. REACH Canada is seeking high growth technology companies in the residential and commercial sectors and will provide the selected group of entrepreneurs with access to a global network of peers, mentors and investors in conjunction with its sister programs in the United States. United States, Australia and United Kingdom.
âREACH Canada successfully launched its scale-up program in 2020 with a first class of eight companies delivering innovations to realtorsÂ® and real estate professionals across North America,â said Bob Goldberg, CEO of NAR and Chairman of SCV. âWe are delighted to open applications for the 2021 class of REACH Canada and look forward to welcoming a new group of PropTech innovators. Their ideas and entrepreneurial spirit help ensure that real estate agents continue to have access to the latest technology.
REACH has attracted tech startups aiming to develop solutions for multiple aspects of the real estate industry including marketing automation, pay-at-close refurbishment, agent security, leasing, loans, asset management. transactions and tokenization, among others. Participating companies show impressive results during and after program completion. Specifically, REACH companies have raised a total of over $ 800 million in follow-on funding, achieved revenue growth rates of over 2000%, and entered into key partnerships with leading tech and real estate brands including DocuSign, Google , Facebook, Keller Williams, Century. 21 and compass.
âThanks to the strength of an organized portfolio with incredible foresight, many REACH companies have become household names,â said Lynette Keyowski, Managing Partner of REACH Canada. âThese companies have propelled the industry and the buying and homeownership experience through the pandemic and into a post-COVID era.
âIn the wake of our first successful program, we are extremely excited to continue working with companies that not only provide immense value to the practitioner and the consumer, but also rewarding solutions, companies and founders who bring new solutions, perspectives and strength to an evolving market and a new societal standard, âadded Keyowski.
Participants in the REACH Canada Scaling Up Program enjoy many benefits, such as:
- Mentorship of leaders in the real estate, mortgage, venture capital and technology industries. On average, accelerator participants meet more than 50 of these counselors in one-on-one sessions throughout the program;
- Training on how to navigate the trillion dollar real estate industry with the support of the world’s largest trade association and its $ 5 billion brand;
- Exclusive access to major real estate industry conferences, trade shows and networking events; and
- A global network of very talented like-minded entrepreneurs, comprising over 150 REACH alumni companies and organized program sponsors.
Applications for REACH Canada will be accepted until July 31, 2021, at www.narreach.ca. The 8-month virtual and event program will start in October 2021 and run until May 2022.
For more information on REACH Canada, or to apply, visit www.narreach.ca
The national association of real estate agentsÂ® is the largest trade association in the United States, representing over 1.4 million members involved in all aspects of the residential and commercial real estate industries.
REACH is a unique real estate technology growth program created by Second Century Ventures, the most active venture capital fund in the global real estate technology space. Backed by the National Association of RealtorsÂ®, SCV and REACH leverage the association’s more than 1.4 million members and an unrivaled network of executives in real estate and adjacent industries. The REACH program helps technology companies get into the real estate industry and its adjacent markets. The program provides training, mentorship and market exposure to one of the world’s largest industries. To learn more about REACH, visit www.narreach.com.
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Information on NAR is available at nar real estate agent. This press release and others are posted in the press room at nar.realtor/press room.