NAR REACH’s New Class Of Down Under Proptechs Largest Yet

Key Takeaways:

– The Australia and New Zealand REACH program is a technology incubation and mentorship effort introduced in 2019 by Second Century Ventures.
– The program is backed by the National Association of Realtors and has invested in over 200 real estate-related startups.
– The program operates internationally in Latin America, Canada, and the United Kingdom.
– The 2024 class of the program includes nine new companies, the largest class to date.
– The new class members offer solutions for agents and enterprise brokerages, such as enhancing rental community experiences and providing business advisory and profit planning services.
– The new members will be announced at a kick-off conference called REACH Genesis.
– The program aims to foster innovation and talent in the Asia Pacific region.
– The U.S. REACH program has supported notable companies in the real estate industry.
– Second Century Ventures’ REACH program has been recognized as the Residential VC of the Year in 2021 and 2022.

inman:

Introduced in 2019, the Australia and New Zealand REACH program is Second Century Venture’s longest running international technology incubation and mentorship effort

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Joining alumni ListAssist, MarketBuy and Igloohome, nine new companies have been named members of Second Century Ventures’ 2024 REACH Australia and New Zealand program, its largest class to date, according to a Feb. 12 press release sent to Inman.

Introduced in 2019, the Australia and New Zealand REACH program is the venture capital organization’s longest-running international technology incubation and mentorship effort. The National Association of Realtors backs Second Century, which has invested in more than 200 real estate-related startups. The REACH program was initiated in 2013 and also operates internationally in Latin America, Canada and the United Kingdom.

The new class members address a wide range of needs for agents and enterprise brokerages, like Erin Living Technologies, a solution deployed by multifamily property managers to enhance rental community experiences, and Agent Profit Planner, a granular business advisory and profit planning service for brokerage leaders.

Peter Schravemade is the managing partner of REACH Asia Pacific and said the organization is honored to have such a wide array of solutions under its umbrella.

“This year, nine companies represent the largest amount of companies taken on in a calendar year for the REACH program. Regardless of your area of specialization, there is value within the group of nine companies,” Schravemade said in the release. In an email to Inman, Schravemade said the new members will be collectively announced at REACH Genesis, a marquee kick-off conference taking place Mar. 14-16 at South Bank, Brisbane, Australia.

Arcanite, one of the new class members, specializes in new development sales with marketing and sales features for builders and agents. The hard-to-forget Milk Chocolate provides a “complete offering encompassing planning, buying, building and management,” for everything from single family homes to investment properties.

Other class members include Leesy, a digital leasing platform; FLK It Over, a mobile application for large-scale document management; Square-by-Square for assistance in acquiring conservation parcels for long-term preservation, a first for REACH Australia-New Zealand; and GXE, software applications that assist funds, family offices and investment advisory firms.

Lastly, when it comes to ensuring an agent looks their best when it counts, there’s class member Theodore, an AI-based style consultant for men, the first “fashiontech” member of the program. It will use its mobile fit scanner to appeal to luxury agents and companies that desire branded apparel.

“For five years, this program has been a driving force for Australian and New Zealand real estate technology, opening doors to global markets,” said Dave Garland, managing partner of Second Century Ventures. “The diverse and innovative 2024 cohort demonstrates our unwavering dedication to fostering the best innovation and talent from the Asia Pacific region.”

The U.S. REACH program has supported a number of notable companies in the real estate industry, including Adwerx, BoxBrownie, ActivePipe, Courted, Fractional, RealScout, Place, Ylopo and Revive, among other companies.

Second Century Ventures’ REACH was named by The Center for Real Estate Technology and Innovation as the Residential VC of the Year in 2021 and 2022.

Email Craig Rowe


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Property Chomp's Take:

The Australia and New Zealand REACH program, introduced in 2019, is Second Century Venture's longest-running international technology incubation and mentorship effort. This program, backed by the National Association of Realtors (NAR), aims to support and nurture real estate-related startups in the Asia Pacific region.

According to a press release sent to Inman, the 2024 REACH Australia and New Zealand program has announced its largest class to date, with nine new companies joining the program. These companies offer a wide range of solutions for agents and enterprise brokerages, addressing various needs in the real estate industry.

One of the new class members is Erin Living Technologies, a solution deployed by multifamily property managers to enhance rental community experiences. Another member, Agent Profit Planner, provides a granular business advisory and profit planning service for brokerage leaders.

The program's managing partner, Peter Schravemade, expressed his excitement about the diverse solutions offered by the new class members. He stated, "Regardless of your area of specialization, there is value within the group of nine companies."

The new members will be collectively announced at REACH Genesis, a kick-off conference taking place in March in Brisbane, Australia. The conference will provide a platform for these companies to showcase their innovative solutions to industry leaders.

Some of the other class members include Arcanite, which specializes in new development sales with marketing and sales features for builders and agents, and Milk Chocolate, which offers a comprehensive range of services for real estate, from planning to management.

Other notable class members are Leesy, a digital leasing platform, FLK It Over, a mobile application for large-scale document management, and Square-by-Square, which assists in acquiring conservation parcels for long-term preservation.

One unique addition to the program is Theodore, an AI-based style consultant for men, making it the first "fashiontech" member of the program. Theodore will use its mobile fit scanner to appeal to luxury agents and companies that desire branded apparel.

Dave Garland, managing partner of Second Century Ventures, highlighted the program's dedication to fostering innovation and talent from the Asia Pacific region. He mentioned that the program has been a driving force for real estate technology in Australia and New Zealand for five years.

Second Century Ventures' REACH program has a successful track record in the real estate industry, supporting notable companies such as Adwerx, BoxBrownie, RealScout, and Ylopo, among others.

The REACH program has been recognized for its achievements, being named Residential VC of the Year in 2021 and 2022 by The Center for Real Estate Technology and Innovation.

Overall, the Australia and New Zealand REACH program continues to play a crucial role in supporting and promoting innovation in the real estate industry. The program provides a platform for startups to develop and showcase their solutions, ultimately benefiting agents, brokerages, and the industry as a whole.

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