Second Century Ventures, a strategic investment fund of the National Association of REALTORS®, announced this week seven start-up tech companies selected for the NAR REach class of 2016. The REach program is a tech accelerator that helps to launch companies into the real estate, home services, or financial sector.
The seven early- to mid-stage companies will gain access to the expertise, mentorship, and influence of NAR during the eight-month program to help them launch into the "trillion-dollar real estate space,” NAR said in a statement.
"This year's class represents an incredibly diverse mix of organizations that are providing both real estate professionals and their clients with tools and resources to simplify and elevate their personal and professional lives in a real, tangible way," says NAR CEO and SCV President Dale Stinton. "We're looking forward to providing these seven companies with unparalleled insight that comes from being ingrained in an industry for more than 100 years."
Already, the seven companies in the 2016 accelerator class have raised more than $30 million in funding. Meet the 2016 class:
- Flipt: helps real estate professionals to win more listings by connecting them to millions of home sellers at the earliest stages of their selling decision.
- Homeselfe: helps real estate pros engage more prospects and close more deals by helping their clients lower their utility bills by 30 percent, as well as earn rebates for upgrades and increase their home's value.
- HomeDiary: allows home owners and buyers to better visualize updates to their homes by using an interactive 3-D rendering while also recording items, inventory, and improvements.
- Sindeo: sets out to make the home financing experience more simple and transparent by helping real estate pros qualify more clients and close more deals.
- Trust Stamp: compiles more than 200 public records and social data to provide reliable ID verification in just under one minute for real estate professionals meeting new prospects or clients.
- VA Loan Captain: provides real estate agents with a comprehensive set of personalized tools allowing them to attract military and veteran home buyers.
- Zenergyst: aims to make real estate transactions easier with a fully integrated broker management and transaction system.
"We are looking forward to kicking off this year's class and working with the companies announced today to help build on their ideas and meaningfully grow their customers and users," says Mark Birschbach, managing director of REach. "The exposure and feedback they will receive from working with some of the best in the business through one-on-one meetings and at real estate events will set them up for success in ways not possible through any other program."