Second Century Ventures, the strategic investment arm of the National Association of Realtors, has revealed the identities of seven PropTech businesses selected to be part of its REACH UK program for 2021. Second Century Ventures operates REACH scaleup program in five markets around the world.
The REACH UK Class of 2021 represents companies based across Europe which offer solutions for the entire real estate industry. Collectively, this class has raised over $15 million in capital, represents a combined valuation of just under $150 million and employs over 100 people.
The seven companies selected are:
Sprift: which claims to be "the UK’s most transparent and comprehensive property data platform";
UnderTheDoormat: an integrated short-term accommodation platform for property companies, agents and portfolio owners;
Myroffice: a technology-driven cleaning service for commercial real estate;
Hammock: a property finance management platform for rent collection, bookkeeping, account services and buy-to-let investment tracking;
Smart Point: a contactless, secure parcel protection and delivery system;
Radweb: a property management solution including InventoryBase, a cloud and mobile application for property inventory and inspection;
Offr: a customisable digital transaction management platform for estate agents.
Companies that have participated in the REACH program have collectively raised more than $350 million of follow-on financing and have secured key partnerships with DocuSign, Google, Facebook, Keller Williams and Berkshire Hathaway HomeServices, among others.
“We are eager to help accelerate the growth of the seven companies selected and excited to work so closely with their dynamic teams,” said Valentina Shegoyan, managing partner of REACH UK. “We had an overwhelming calibre of applicants for our inaugural programme and have appreciated the opportunity to connect with so many talented entrepreneurs. We believe the technologies selected for the REACH UK Class of 2021 will be instrumental in shaping the future of the property sector, both in the UK and globally.”
REACH UK launched its first program, the REACH UK Class of 2021, with support from strategic industry partner Propertymark.
“We’re excited to work with the REACH UK class of 2021 to accelerate their growth during a time when many start-ups are concerned about the ongoing impact of COVID-19,” said Mark Hayward, chief policy advisor of Propertymark.
More information is available at nar-reach.com/uk.