This is the tenth group of startups accepted into NAR’s REACH tech accelerator and REACH Commercial. Both accelerators are run by NAR’s venture capital arm, Second Century Ventures.
Is Tech the Chicken or the Egg?
Like most aspects of tech innovation, we don’t know whether the real estate industry or real estate tech is the chicken or the egg. What we do know is that, according to Bob Goldberg, Second Century Ventures (SCV) President and National Association of REALTORS® (NAR) CEO, “The innovative companies that have come out of the REACH program over the years have had a dramatic effect on the real estate landscape.”
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Goldberg continued, “The influence of technology in this industry is undeniable and the entrepreneurs in REACH continue to redefine our understanding of what is achievable today.”
NAR’s residential and commercial tech accelerators offer startups education about the real estate industry, mentoring and networking opportunities with industry professionals. In return, the selected REACH startups pay SCV a marketing fee and small equity stake in their respective companies.
REACH Focus for 2022
The startups chosen for REACH’s class of 2022 focus on the following areas:
- Agent networking
- Fractional property ownership
- Inspections
- Lead generation
- Top producers
- Real estate data
- Appraisal management
- Renovations
Collectively, these chosen startups have raised more than $200M and represent a combined valuation of $1.4B.
REACH 2022 Startups
- Courted – Professional networking platform to help agents make better hiring, data-driven marketing and referral decisions
- Fractional – collaborative, full-service, community-driven real estate investment marketplace
- Inspectify – helps inspectors become more proficient and effective with latest technology application
- leadPops – one-stop solution to drive traffic, boost SEO and increase quality & quantity of leads
- PLACE – one-stop solution for top producers delivering stand-alone consumer experiences
- Perchwell – unifies real-time market analysis, listing data, reporting and seamless client collaboration
- Reggora – appraisal management platform to deliver stand-alone efficiency and agility
- Revive – help bring certainty to renovation experience to homeowners nationwide
REACH Commercial 2022 Startups
- Arx City
- B-Line
- CREtelligent
- LeaseUp
- Matrix Rental Solutions
- Spackle
- Stake
- Stratafolio
- WhoseYourLandlord
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Thanks to the National Association of REALTORS® (NAR) and Inman.
