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Seven emerging technology companies have been selected by Second Century Ventures for its REACH Commercial program, aimed at driving innovation within the commercial real estate ecosystem and scaling solutions for your business. SCV is the strategic investment arm of the National Association of REALTORS® and the most active global real estate technology fund. This marks NAR’s sixth REACH Commercial cohort.
“By investing in and supporting these forward-thinking businesses, we ensure that commercial real estate professionals have access to the latest technologies, empowering them to enhance operations, make informed decisions and deliver value to their clients,” says Dave Garland, managing partner of Second Century Ventures Companies.
The companies represent a diverse range of solutions spanning large land transactions, real estate ownership, lowering carbon emissions and improving building operations. Collectively, these companies have raised more than $150 million in funding and employ more than 150 individuals worldwide.
Here are the 2024 REACH Commercial companies:
- Acres is a geospatial land research platform designed to empower brokers and agents involved in land transactions (acres.com).
- Infinityy provides property owners and operators with digital sales and leasing agents and provides personalized property experiences on demand, instantly engaging and qualifying prospects (infinityy.com).
- Incentifind is a database for developers, owners and tenants to find green building incentives, with $500 million in savings already identified (incentifind.com).
- Premise HQ automates complex data management from disparate applications across both commercial and industrial properties to reduce operational costs, increase capitalization rates and minimize risk (premisesaas.com).
- Prophia provides commercial real estate investors and operators with an AI-driven data management platform to enhance the performance of assets, funds and portfolios (prophia.com).
- Rensair is the world’s first certified air quality ecosystem, using patented hardware and software to cut carbon out of existing HVAC systems and instantly lower emissions and energy use by more than 40% (rensair.com).
- Withco empowers small businesses to become property owners so that they obtain the control, wealth and permanence afforded through ownership (with.co).
"This year’s cohort, selected from our most competitive application pool yet, is set to significantly impact the industry,” says Bob Gillespie, managing partner of REACH Commercial. “They are addressing major challenges in our rapidly evolving field with innovative solutions in lowering carbon emissions, leveraging artificial intelligence and big data, and creating better fintech solutions to drive real estate transactions. We are excited about this outstanding group and their potential for substantial growth.”
