Second Century Ventures, the strategic investment arm of the National Association of Realtors (NAR), has launched Reach Australia, its first technology growth accelerator program outside the U.S. Australia’s real estate sector and its adjacent industries account for 29% of the nation’s GDP.
“Launching this international arm of NAR’s Reach accelerator program helps secure NAR’s vision of fostering a dynamic, competitive real estate market that drives innovation and supports our members-first mission,” said NAR CEO and Second Century Ventures President Bob Goldberg. “I am very excited to welcome the 2020 Reach Australia cohort; six companies which have demonstrated the potential to transform and enhance the real estate industry.”
Reach is a technology growth accelerator program designed to launch and propel companies into the real estate industry. The successful applicants have collectively raised more than US$30 million in capital and are employing over 120 people globally. The companies chosen for the Reach Australia Class of 2020 are: igloohome, which offers smart access solutions for the home, property owners and infrastructures industries; Pam (Mediabank), real-time smart navigation for large venues; Sorted, a unified platform for landords, home owners and other practitioners to collaborate across the property management life cycle; Really, an integrated B2B project management solution; UbiPark, which connects smart parking to smart buildings and Uxtrata, a cloud-based software as a service platform that supports strata management.
“We look forward to accelerating the growth of these six companies, their unique technologies and the inspiring founders at the helm of each,” said Dave Garland, managing director of Second Century Ventures. “The Reach Australia Class of 2020, along with Reach’s continued worldwide expansion, will be instrumental in shaping change in the real estate industry through a global network of real estate industry professionals, strategic partners, investors, mentors and innovators.”
