Second Century Ventures

Second Century Ventures is a Chicago-based venture capital firm focused on real estate technology and technology-enabled real estate businesses. It is fully capitalized by the National Association of Realtors, leveraging the resources and industry reach of a national trade organization. The firm backs early- and mid-stage companies operating in real estate tech, software-as-a-service, data analytics, fintech, digital media, and related business services. It pursues opportunities across North America, Europe, and the Middle East, supporting portfolio companies through strategic guidance and industry connections.

Mark Birschbach

Managing Director

Todd Carpenter

Investor

Tom Ellis

Investor

Dave Garland

Managing Partner

Bob Gillespie

Executive Director

Past deals in Commercial Real Estate

Just Move In

Series A in 2025
Just Move In is a UK-based company established in 2015, specializing in concierge services for home movers. It simplifies the relocation process by managing tasks such as utility connections, removals and storage arrangements, council notifications, and more.

LeaseUp

Seed Round in 2024
LeaseUp is an online platform designed for commercial real estate brokers. It streamlines the leasing process by allowing brokers to manage transactions digitally, invite clients to view available spaces, and collaborate on documents.

Leni

Seed Round in 2024
Leni is an AI-powered reporting and portfolio intelligence system for real estate asset owners and operators. We streamline data aggregation to provide transparent reporting and actionable insights via proprietary AI models. This helps real estate teams make data-driven decisions and attain portfolio targets. We are the first in the sector to launch a patent-pending universal data model that paves the way for vertical AI agents and unique industry-specific models to be built and run across the industry.

Offr

Venture Round in 2023
Offr Limited is a technology company that operates a platform designed for residential and commercial property agents to facilitate the buying and selling of real estate. The platform allows buyers to make private offers, participate in auctions, schedule viewings, and manage essential documentation such as proof of funds and legal contracts, all within a streamlined digital interface. Offr's solution enhances the property transaction experience by enabling agents to conduct various transaction types, including binding sales, conditional sales, and sealed bids. The company ensures that all buyers are pre-qualified, enhancing the integrity and efficiency of the offer process. Founded in 2018, Offr is headquartered in Dublin, Ireland, with an additional office in London, United Kingdom.

Local Logic

Series B in 2023
Local Logic is a location intelligence platform based in Montreal, Quebec, that focuses on digitizing the built environment to make location data understandable and actionable for various stakeholders, including consumers, investors, developers, and governments. The platform harnesses artificial intelligence, geospatial data, and user-generated information to offer insights into lifestyle and location characteristics. With proprietary insights derived from over 75 billion data points, Local Logic provides predictive and precise analytics that inform decision-making in the real estate sector, which impacts the vast real estate market in the US and Canada. The company's services cater to commercial real estate, urban planning, and other location-based industries, assisting major developers and investors in shaping sustainable and equitable urban environments.

Rockport

Venture Round in 2023
Rockport is a software company specializing in Commercial Real Estate (CRE) lending management solutions. Its primary product is a Software as a Service (SaaS) platform designed for loan origination and asset management. The system provides tools for organizing and analyzing client information, including integrated modeling, real-time reporting, and data visualization. It offers features such as a centralized repository for deal documents, ad hoc reporting, Excel integrations, customizable chart of accounts, robust security protocols, user-defined fields for workflow integration, and comprehensive audit trails to ensure compliance. These capabilities enable commercial real estate lenders to manage their lending and asset management processes more efficiently.

Valcre

Series A in 2022
Valcre is a software company that provides an appraisal platform for commercial real estate. The SaaS solution integrates client and job management, stores comparable data, and delivers standardized appraisal templates to streamline analysis and reporting. By unifying workflow tools and data management in a single system, Valcre helps appraisers produce and present valuations more efficiently, enabling firms of various sizes to improve accuracy and speed in valuing commercial assets.

Landis

Series B in 2022
Founded in 2018, Landis is a real estate technology company based in New York. It specializes in helping renters become homeowners by allowing customers to select their dream home, rent it initially, and purchase it anytime within the first twelve months. The company also assists customers in building credit and saving for a down payment, providing a transparent process for transitioning from renting to owning.

Cove

Series A in 2022
At Cove, we build a one-stop-shop SaaS platform that transforms your building experience. Backed by strategic investors like Blackstone, we sit at the intersection of owners, operators, and tenants - empowering them to unlock the full potential of their physical space. This is the modern experience: register guests, book amenities, lease flex office space, and submit work orders — all from the palm of your hand.

ProDeal

Seed Round in 2022
ProDeal is an enterprise technology company that specializes in providing a cloud-based collaboration platform aimed at securing and managing commercial real estate transactions. Founded with the vision of enhancing transaction execution, ProDeal's platform allows real estate professionals to track, analyze, and store various types of property deals and associated documents, including title documents, loan documents, and settlement statements. By consolidating all transaction-related information in a single location, ProDeal enables real estate dealers and property owners to manage their transactions with greater accuracy and cost-effectiveness, ensuring they remain competitive in the market.

Parafin

Seed Round in 2021
Parafin is a technology company based in Chicago, Illinois, founded in 2017. It specializes in artificial intelligence solutions tailored for the commercial real estate sector. Parafin's innovative software generates optimized building designs that meet specific site, construction, and financial requirements, significantly reducing design time from months to minutes. By combining generative design technology with a deep understanding of real estate development, Parafin provides a powerful tool for commercial real estate developers involved in acquisition and project development.

Otso Corp

Seed Round in 2021
Otso Corp operates a lease securitization platform designed to enhance capital flexibility for tenants while improving property values for landlords. Recognizing the common challenges in commercial real estate transactions, such as cash deposits and burdensome credit assessments, Otso developed the Otso Guarantee. This innovative solution allows tenants to access their capital immediately upon lease commencement, enabling them to invest in better spaces, equipment, and hiring without the financial strain typical of traditional leasing practices. By issuing "same as cash" guarantees for approved tenants, Otso provides landlords with a level of assurance that minimizes risk without tying up critical cash reserves. This approach not only streamlines the leasing process but also promotes a more transparent and efficient experience for all parties involved. As Otso continues to grow, it aims to integrate this model into a broader vision that focuses on reducing friction and facilitating quicker, more informed lease decisions.

Groundbreaker

Seed Round in 2021
Groundbreaker Technologies, Inc. develops a software solution tailored for small to medium-sized commercial real estate investment firms that seek to raise outside capital. Founded in 2015 and based in Chicago, Illinois, Groundbreaker offers a comprehensive investment management platform designed to automate various essential functions, including fundraising, investor reporting, and investor relations workflows. By streamlining back-office operations, the platform enhances productivity and increases investor satisfaction, allowing firms to operate more efficiently. Groundbreaker's integrated functionalities encompass investment management, fundraising automation, an investor portal, and customer relationship management, providing a cohesive toolset that addresses the diverse needs of real estate investment organizations.

LEX Markets

Seed Round in 2021
LEX Markets Corp., established in 2018 and based in New York, operates an online platform for trading shares of individual commercial real estate assets. It facilitates both accredited and non-accredited investors to buy and sell shares, with investments starting at $250 and no lockup periods. The company specializes in taking commercial buildings public through single-asset IPOs, making it possible for a broader range of investors to access the real estate market. LEX Markets' platform is powered by Nasdaq technology, ensuring robust, low latency, and high-performance trading features.

Valcre

Seed Round in 2021
Valcre is a software company that provides an appraisal platform for commercial real estate. The SaaS solution integrates client and job management, stores comparable data, and delivers standardized appraisal templates to streamline analysis and reporting. By unifying workflow tools and data management in a single system, Valcre helps appraisers produce and present valuations more efficiently, enabling firms of various sizes to improve accuracy and speed in valuing commercial assets.

Cove

Seed Round in 2021
At Cove, we build a one-stop-shop SaaS platform that transforms your building experience. Backed by strategic investors like Blackstone, we sit at the intersection of owners, operators, and tenants - empowering them to unlock the full potential of their physical space. This is the modern experience: register guests, book amenities, lease flex office space, and submit work orders — all from the palm of your hand.

ProDeal

Seed Round in 2021
ProDeal is an enterprise technology company that specializes in providing a cloud-based collaboration platform aimed at securing and managing commercial real estate transactions. Founded with the vision of enhancing transaction execution, ProDeal's platform allows real estate professionals to track, analyze, and store various types of property deals and associated documents, including title documents, loan documents, and settlement statements. By consolidating all transaction-related information in a single location, ProDeal enables real estate dealers and property owners to manage their transactions with greater accuracy and cost-effectiveness, ensuring they remain competitive in the market.

Occupier

Seed Round in 2021
Occupier Inc. is a New York-based company that offers transaction and portfolio management software tailored for commercial tenants and brokers. Founded in 2018, Occupier's platform enables users to manage and optimize various aspects of the real estate transaction and portfolio management lifecycle, including lease administration, lease accounting, and transaction management. By automating and streamlining the management of lease portfolios, Occupier addresses the unique challenges faced by commercial tenants. The software facilitates collaboration between tenants and brokers throughout the lease life cycle, from site selection to critical date management, ensuring compliance with new lease accounting standards and enabling informed decision-making in real estate transactions. The team's extensive experience in commercial real estate and proptech allows them to deliver effective digital solutions for managing real estate portfolios.

Build-Apps

Seed Round in 2021
Build-Apps is a platform that integrates various applications into the Microsoft 365 environment for optimized portfolio management in the commercial real estate sector. It leverages Microsoft Dataverse to create a unified data model, supporting CRE owners, operators, and occupiers.

Offr

Seed Round in 2021
Offr Limited is a technology company that operates a platform designed for residential and commercial property agents to facilitate the buying and selling of real estate. The platform allows buyers to make private offers, participate in auctions, schedule viewings, and manage essential documentation such as proof of funds and legal contracts, all within a streamlined digital interface. Offr's solution enhances the property transaction experience by enabling agents to conduct various transaction types, including binding sales, conditional sales, and sealed bids. The company ensures that all buyers are pre-qualified, enhancing the integrity and efficiency of the offer process. Founded in 2018, Offr is headquartered in Dublin, Ireland, with an additional office in London, United Kingdom.

Local Logic

Funding Round in 2020
Local Logic is a location intelligence platform based in Montreal, Quebec, that focuses on digitizing the built environment to make location data understandable and actionable for various stakeholders, including consumers, investors, developers, and governments. The platform harnesses artificial intelligence, geospatial data, and user-generated information to offer insights into lifestyle and location characteristics. With proprietary insights derived from over 75 billion data points, Local Logic provides predictive and precise analytics that inform decision-making in the real estate sector, which impacts the vast real estate market in the US and Canada. The company's services cater to commercial real estate, urban planning, and other location-based industries, assisting major developers and investors in shaping sustainable and equitable urban environments.

Clik.ai

Funding Round in 2020
Clik.ai is an AI-powered automated underwriting platform specifically designed for commercial real estate brokers and lenders. The company offers a cloud-based software solution that streamlines deal valuations and transaction due diligence, significantly increasing efficiency by enabling users to operate at five times the speed. Through its machine learning-based document extraction technology, Clik.ai automates the mortgage valuation process, allowing brokers and lenders to originate and underwrite loans more quickly and effectively. This innovative platform serves as a comprehensive tool for professionals in the real estate industry, enhancing their operational capabilities and improving overall workflow.

Energy-Producing Retail Realty

Funding Round in 2020
Energy-Producing Retail Realty focuses on deploying clean and renewable energy technologies on commercial buildings through the acquisition, development, and management of energy-producing retail real estate, while providing distributed energy services that align the interests of property owners, tenants, and lenders. The company accelerates cleantech deployment on existing buildings, enabling commercial real estate owners to leverage energy technologies without upfront capital and to access discounted clean energy without ownership obligations.

Dealius

Funding Round in 2020
Dealius is a technology company that develops a brokerage management platform specifically tailored for commercial real estate firms. By collaborating with brokers, owners, managers, and administrators, Dealius aims to automate and streamline the transaction process and broker management. Its platform offers features that track lease renewals, receivables, and production, while also setting production goals and managing listings and deal flow. This enables users to customize their workflows, enhancing efficiency in the evolving real estate industry where technology plays an increasingly vital role.

CartoFront

Funding Round in 2020
CartoFront, Inc., founded in 2015 and based in Evanston, Illinois, operates a real estate technology platform that facilitates brokerage into real estate investment and lending. The company specializes in identifying large real estate opportunities related to disasters, such as providing flood insurance. Additionally, CartoFront has developed an industry-changing search engine for residential and commercial real estate opportunities. Their software simplifies the process of obtaining flood insurance for realtors by using API-based technology, making it efficient and profitable for insurance providers to offer property and casualty insurance to homeowners. This includes risk scoring and educational resources on flood risks and insurance.

RealX

Seed Round in 2020
RealX Ventures, Inc., established in 2019 and headquartered in Sewickley, Pennsylvania, operates an online platform facilitating the buying, selling, and leasing of properties. The company specializes in properties related to renewable energy (solar and wind), traditional energy (oil and gas, pipelines, transmission lines), timber, cellular towers, and agriculture industries. RealX's platform simplifies property rights transactions, enabling users to register properties for sale or lease, search for properties online, and efficiently carry out buying, selling, or leasing activities.

CartoFront

Seed Round in 2020
CartoFront, Inc., founded in 2015 and based in Evanston, Illinois, operates a real estate technology platform that facilitates brokerage into real estate investment and lending. The company specializes in identifying large real estate opportunities related to disasters, such as providing flood insurance. Additionally, CartoFront has developed an industry-changing search engine for residential and commercial real estate opportunities. Their software simplifies the process of obtaining flood insurance for realtors by using API-based technology, making it efficient and profitable for insurance providers to offer property and casualty insurance to homeowners. This includes risk scoring and educational resources on flood risks and insurance.

Sorted

Funding Round in 2019
A unified platform for real estate practitioners, landlords and householders to work together.

CRE Simple

Funding Round in 2019
CRE Simple, Inc. is a financial services company based in San Francisco, California, that specializes in providing a cloud-based lending platform designed to streamline access to capital for commercial real estate transactions. Incorporated in 2016, the company offers its OneSource platform, which serves as an intelligent collaboration and workflow solution that connects various participants in the commercial real estate finance ecosystem. By leveraging advanced data services and artificial intelligence, CRE Simple enhances the borrowing experience, delivering speed, transparency, and certainty while simplifying a traditionally complex and error-prone process. The platform integrates seamlessly with brokerage, tenant, and capital partners, offering a next-generation capital solution tailored for the commercial real estate market.

Coeo Space

Funding Round in 2019
Coeo Space, LLC, founded in 2019 and based in Warrendale, Pennsylvania, offers move-in ready workspaces tailored for a diverse clientele including entrepreneurs, freelancers, startups, artists, small businesses, and large corporations. The company specializes in providing co-working spaces, sublease spaces, and landlord spec suits. Coeo Space utilizes an open data technology platform with scientific algorithms to quickly match users with suitable workspaces based on criteria such as team size, monthly budget, and property amenities. With a presence in over 188 US markets, the company is recognized for its innovative approach and is part of the National Association of Realtors' REach Commercial Accelerator Program.

Biproxi

Seed Round in 2019
Founded in 2018, Biproxi operates an online marketplace for commercial real estate transactions. Its platform connects brokers, buyers, and tenants, facilitating the discovery of listings, offer submission, and deal closure.

Trove

Funding Round in 2019
Trove offers the amenities of a hotel while offering the comforts of home.Theri services include consulting on location, consulting on design, procurement and setup, ffe inventory management, professional photography, listing development, guest screening, noise management, branding and signage, financial reporting, and housekeeping.

Igloohome

Series B in 2019
Igloohome Inc. manufactures security locks designed for both residential and commercial applications, enabling effective management of homes and properties through innovative technology. The company offers a range of products, including the igloohome Smart Keybox, which caters to short-term rental hosts and property owners, and the Smart Padlock, a remotely-managed security solution that provides convenient access control. Additionally, Igloohome features a mobile app that allows users to pair and manage multiple locks across various properties, facilitating Bluetooth unlock, the generation of one-time and duration PIN codes, master PIN code changes, and lock battery status checks. The Smart Keybox operates using a PIN code and Bluetooth technology. Igloohome distributes its products via resellers and online platforms. Founded in 2015, the company is headquartered in Philadelphia, Pennsylvania.

AssetAvenue

Series A in 2015
AssetAvenue, Inc. is a financial services company that operates an online lending platform specifically tailored for real estate investments. Established in 2013 and headquartered in Los Angeles, California, the company connects borrowers and brokers seeking funding with a diverse range of accredited and institutional investors. Its platform offers various fixed income loan options, including bridge loans, cash-out refinancing, discounted payoffs, and special situations, catering to multiple property types such as office, retail, multifamily, industrial, and hospitality. AssetAvenue aims to provide faster and more flexible funding solutions compared to traditional banks, leveraging proprietary data models to enhance transparency and efficiency in the lending process.

Xceligent

Funding Round in 2014
Xceligent provides property and listing information tailored to the commercial real estate industry. The company offers several key services, including CDX commercial data exchange, which delivers information through an internet-based software application, and CEX commercial listing exchange, providing market coverage and tracking of property-specific activity. Additionally, Xceligent offers Tenant ProspeX for searching tenant data, Site TraX for a database of sales, CDXDirect for lease and sale listings on client websites, Aerial PiX for aerial photography access, and inVISION for updating listings in the CDX commercial data exchange. Founded in 2000 and based in Independence, Missouri, Xceligent has established strategic alliances with various industry associations and technology partners to enhance its service offerings.

Desktime

Seed Round in 2014
Desktime, LLC is a Chicago-based company founded in 2011 that operates a SaaS platform designed for coworking operators and businesses with extra capacity. The platform facilitates the sharing of workspaces by allowing users to manage availability, resources, and payments, as well as integrate with third-party software and hardware systems. Users can rent shared spaces, including desks, conference rooms, and entire offices, on a flexible basis—by the day, week, or month. Additionally, Desktime features a directory that lists various coworking spaces, helping independent and mobile workers connect with suitable environments for their work needs.

Xceligent

Venture Round in 2012
Xceligent provides property and listing information tailored to the commercial real estate industry. The company offers several key services, including CDX commercial data exchange, which delivers information through an internet-based software application, and CEX commercial listing exchange, providing market coverage and tracking of property-specific activity. Additionally, Xceligent offers Tenant ProspeX for searching tenant data, Site TraX for a database of sales, CDXDirect for lease and sale listings on client websites, Aerial PiX for aerial photography access, and inVISION for updating listings in the CDX commercial data exchange. Founded in 2000 and based in Independence, Missouri, Xceligent has established strategic alliances with various industry associations and technology partners to enhance its service offerings.

ePropertyData

Funding Round in 2010
ePropertyData, a subsidiary of Second Century Ventures, specializes in Commercial MLS and Information Exchange technology. The company provides a range of marketing services tailored for landlords, property managers, and real estate agents. Its tools include track researcher, aging reports, listings management, and features that help identify duplicate or inaccurate data. ePropertyData's client base includes several associations, such as the Commercial Brokers Association in Seattle, the Houston Association of Realtors, and the Dayton Area Board of REALTORS®, among others. By offering comprehensive solutions for real estate professionals, ePropertyData enhances operational efficiency and data accuracy in commercial real estate transactions.

ePropertyData

Funding Round in 2010
ePropertyData, a subsidiary of Second Century Ventures, specializes in Commercial MLS and Information Exchange technology. The company provides a range of marketing services tailored for landlords, property managers, and real estate agents. Its tools include track researcher, aging reports, listings management, and features that help identify duplicate or inaccurate data. ePropertyData's client base includes several associations, such as the Commercial Brokers Association in Seattle, the Houston Association of Realtors, and the Dayton Area Board of REALTORS®, among others. By offering comprehensive solutions for real estate professionals, ePropertyData enhances operational efficiency and data accuracy in commercial real estate transactions.

ePropertyData

Convertible Note in 2009
ePropertyData, a subsidiary of Second Century Ventures, specializes in Commercial MLS and Information Exchange technology. The company provides a range of marketing services tailored for landlords, property managers, and real estate agents. Its tools include track researcher, aging reports, listings management, and features that help identify duplicate or inaccurate data. ePropertyData's client base includes several associations, such as the Commercial Brokers Association in Seattle, the Houston Association of Realtors, and the Dayton Area Board of REALTORS®, among others. By offering comprehensive solutions for real estate professionals, ePropertyData enhances operational efficiency and data accuracy in commercial real estate transactions.

ePropertyData

Secondary Market in 2008
ePropertyData, a subsidiary of Second Century Ventures, specializes in Commercial MLS and Information Exchange technology. The company provides a range of marketing services tailored for landlords, property managers, and real estate agents. Its tools include track researcher, aging reports, listings management, and features that help identify duplicate or inaccurate data. ePropertyData's client base includes several associations, such as the Commercial Brokers Association in Seattle, the Houston Association of Realtors, and the Dayton Area Board of REALTORS®, among others. By offering comprehensive solutions for real estate professionals, ePropertyData enhances operational efficiency and data accuracy in commercial real estate transactions.

Desktime

Desktime, LLC is a Chicago-based company founded in 2011 that operates a SaaS platform designed for coworking operators and businesses with extra capacity. The platform facilitates the sharing of workspaces by allowing users to manage availability, resources, and payments, as well as integrate with third-party software and hardware systems. Users can rent shared spaces, including desks, conference rooms, and entire offices, on a flexible basis—by the day, week, or month. Additionally, Desktime features a directory that lists various coworking spaces, helping independent and mobile workers connect with suitable environments for their work needs.

Really Singapore

Project, property and facility management, e-tendering, and B2B marketplace software for real estate professionals in Singapore.
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