PRESS RELEASE: Second Century Ventures Opens Applications for 2023 REACH Australia Real Estate Technology Program

August 11, 2022 11:00 ET | Source: REACH Australia.

For immediate release

Brisbane, August 11, 2022 — The Australian arm of the REACH real estate technology scale-up program is now accepting applications for its 2023 cohort. The award-winning REACH program was developed and is operated by Second Century Ventures, the strategic investment arm of the National Association of Realtors®.

The mission of NAR’s global REACH program is to select and accelerate the most promising new technology companies in real estate and adjacent industries – including banking, insurance, and home services – by offering premier access to the following:
– Mentorship from real estate, mortgage, venture capital, and technology sector leaders;
– Education on how to navigate the trillion-dollar global property industry from top experts from organizations such as the REIQ, the REIV, JLL, Aqualand, and many leading technology firms worldwide;
– Exclusive opportunities at the most impactful conferences, trade shows, and networking events including AREC, RE EDGE, REIQ Summit
– Unique access to top media and academic organizations; and
– A global network of highly talented, like-minded entrepreneurs, including more than 180 REACH portfolio companies and curated program sponsors.

On the heels of three successful cohorts, REACH Australia has established itself as an industry standout and will once again offer a select group of entrepreneurs access to a worldwide network of peers, mentors and investors in conjunction with its sister programs in the U.S., Canada and the U.K.

“Our organization has seen many exciting technology developments in the real estate space during the past few years,” said Managing Partner Dave Garland, of Second Century Ventures USA. “The REACH Australia scale-up program is an asset to aspiring entrepreneurs and offers a vital boost to help propel their business to the next level.”

REACH Australia has seen some high-profile successes from its ranks, in 2022, Future Rent raising $9m in a challenging market for PropTech, HomeLive formed a strategic partnership with Zoom. Settle Easy continues to strengthen their growth by partnering with over 20 groups including RE/MAX Australia and Propps providing fast, professional, affordable, conveyancing online.

2022’s achievements added to the growing list of the program’s Alumni successes with Propic’s acquisition of Property Realm, Openn raising $5m for continued expansion into North American through REACH Canada, and UbiPark recognised for their partnership with Porsche amongst a list of stellar achievements.

“Australia has been punching well outside its weight division in the delivery of high profile companies that continue to excel in Australian and markets outside of Australia and the REACH program is well positioned as a catalyst of those companies’ acceleration.” said Managing Partner, Peter Schravemade.

“Furthermore, the 2023 program is gearing up to be bigger than any program we have ever run before in terms of the access to conferences, information, knowledge, and partnerships.” said Schravemade

Applications for REACH Australia will be accepted from August 10, 2022. The 2023 program, which runs from March 2023 through August 2023, includes a combination of virtual and in-person events. For more information about REACH Australia, or to apply, visit https://nar-reach.com/australia/

About REACH
REACH is a unique technology scale-up program created by Second Century Ventures, the most active global fund in real estate technology. Backed by the National Association of Realtors®, REACH leverages the association’s more than 1.5 million members and an unparalleled network of executives within real estate and adjacent industries. The REACH program helps technology companies scale across the real estate vertical and its adjacent markets through education, mentorship, and market exposure.

About NAR
The National Association of Realtors® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries.

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Information about NAR is available at nar.realtor. This and other news releases are posted in the newsroom at nar.realtor/newsroom.

Media Contact: Peter Schravemade
Role: Managing Partner for REACH ASEA and Australia
Phone: 0448628352
Email: [email protected]