REachâ„˘,Â an Accelerator program developed by Second Century Ventures (SCV), the strategic investment arm of the National Association of REALTORS® to introduce innovative technology companies to the real estate marketplace, today named six companies to join its 2013 class. SCV developed REachâ„˘ to offer technology startups premier access to the more than 1 million Realtors® driving the $1 trillion U.S. real estate market. The companies selected to join are BombBomb, Lumentus, Planwise, Reach150, Updater, and Workface.
â€śAfter a careful selection process, we are honored to announce the six companies that have agreed to become charter members of NAR REachâ„˘,â€ť says Dale Stinton, NAR chief executive officer and president of the REachâ„˘ accelerator. â€śEach of these startups brings unique potential to serve the real estate market and beyond, underscoring our commitment to supporting the very best companies and technology that can benefit our industry and our membership.â€ť
REachâ„˘ accepts fewer than a dozen companies each year to access one of the worldâ€™s largest industries with NARâ€™s assistance. Companies accepted into the 2013 REachâ„˘ accelerator program are:
â€˘ BombBomb â€“ Provides a complete e-mail and video marketing platform for developing, sending and tracking results of traditional and video e-mail campaigns from any device.
â€˘ Lumentus â€“ Gives companies a measurable edge in identifying, understanding and engaging social media communities keeping social media communications on brand and on mission.
â€˘ Planwise â€“ Offers a financial planning service that enables individuals to plan for major life events by simply and visually testing real-life scenarios.
â€˘ Reach150 â€“ Provides a turnkey referral platform for service professionals to quickly build a positive reputation online.
â€˘ Updater â€“ Provides a free service for anyone who is moving to easily forward mail, update accounts, transfer utilities, and sign up for home services in a single location.
â€˘ Workface â€“ Offers a unique, quick-to-deploy live chat (text, audio, video) software platform for real time one-on-one conversations at a customerâ€™s moment of interest.
REachâ„˘ provides education, mentorship and market exposure to help its portfolio companies access the trillion-dollar real estate market and leverage NARâ€™s strategic expertise. Participating companies interact with highly regarded executives, entrepreneurs, and practitioners who run, manage or have sold real estate companies with a combined multibillion dollars of revenues and marketing spend. In the process, REachâ„˘ also fulfills NARâ€™s core mission by identifying technologies, resources and companies that will benefit the industry and its members.
REachâ„˘ received more than 130 applications from high-growth technology companies.
The six companies entering the accelerator were selected after a comprehensive review of their respective business models, ability to execute their business plans and potential to penetrate real estate and other industries with the assistance provided by membership in the REachâ„˘ program.