The National Association of Realtors has announced its chosen seven new technology startups for its 2017 REach tech accelerator program. The aim of the program is to provide promising real estate tech startups with guidance, mentorship and funding to help them become essential industry tools.
The NAR’s strategic investment arm Second Century Ventures said it had chosen seven early-to-mid stage companies to take part in this year’s program, giving them the opportunity to gain more industry expertise and influence ahead of their product launches.
Here’s a quick run down of the lucky seven startups:
Mark Birschbach, managing director of Second Century Ventures and REach, said the real estate industry’s future was dependent on its adoption of technology that benefits buyers, sellers and industry professionals alike.
"These companies are seizing an opportunity for rapid growth within the real estate, finance, and home services industries via REach, which will ultimately help them expand into other vertical marketplaces," Birschbach said.
The seven companies in the 2017 REach program have already raised more than $50 million in previous financing, and their valuation exceeds $350 million.