Second Century Ventures

Second Century Ventures is a venture capital firm established in 2009 and based in Chicago, Illinois. It is dedicated to fostering innovation within the real estate industry by investing in early to mid-stage companies that specialize in areas such as real estate technology, software as a service, big data applications, digital media, fintech, and business services. Fully capitalized by the National Association of Realtors, which has over 1.4 million members, Second Century Ventures leverages the extensive resources and industry expertise of this prominent trade association. This strategic affiliation allows portfolio companies to benefit from the support and influence of an organization with over a century of experience in the real estate sector.

Past deals in Commercial Real Estate

Land Intelligence

Seed Round in 2022
Land Intelligence operates as the rating agency for land. By leveraging big data ingestion, on-the-ground relationships, and a patented software algorithm, Land Intelligence is a time and cost-efficient solution to the land acquisition and due diligence problem. It provides users with customized, automated reports for site condition analysis, asset volume projections, and future asset value forecasts. Land Intelligence was founded in 2019 and is based in Columbia, South Carolina.

ProDeal

Seed Round in 2022
ProDeal is an enterprise technology company founded on the vision of securing and optimizing the execution of transactions so our clients are always a step ahead

Roomvu

Convertible Note in 2021
Roomvu offers Automated VIDEO marketing for REALTORS®, curated by A.I. which integrates trending topics with REALTOR brands to automatically produce, publish, and post unique videos on each REALTORS®’ social media channels to generate leads | Roomvu offers eye-catching VIDEO ADS for Facebook Ads for Real Estate, Where agents can Reach leads they otherwise would never have had the opportunity to meet. Read more here https://www.inman.com/2021/02/09/roomvu-adds-digital-ads-to-its-automated-video-marketing/ Romvu has appeared on Inman News, TechCrunch, Forbes, Drastic Summit, Yahoo News, etc. You can also learn more in this short video Roomvu is backed by the National Association of Realtors’s Second Century Ventures and works with industry leaders in the real estate to facilitate its growth https://www.nar.realtor/newsroom/second-century-ventures-selects-10-tech-companies-for-2022-reach-canada-program

Obie

Series A in 2021
Obie is a technology-driven platform that offers insurance and risk management solutions tailored for real estate investors and landlords across the United States. The platform aims to simplify the insurance process by providing an affordable and transparent experience, ensuring clients receive the best rates for property and casualty plans that safeguard their investments. By leveraging data, Obie streamlines the sale of property insurance and consolidates essential portfolio information, allowing users to effectively manage their real estate risks. In addition to its insurance services, Obie provides tools for commercial real estate brokers, enabling them to create marketing materials, manage property listings, and access real-time analytics. Founded in 2012 and based in Charlotte, North Carolina, Obie serves a diverse range of asset classes, including office, industrial, retail, and multifamily properties.

Remarkably

Seed Round in 2021
Remarkably, Inc. is a Seattle-based company that specializes in leasing performance analytics for the multifamily real estate sector. Founded in 2018, it offers a proprietary software platform designed to assist property owners, investors, and managers in achieving their leasing, occupancy, and revenue objectives. The platform integrates data from various sources to provide a comprehensive view of marketing and leasing performance, enabling users to analyze historical trends, set campaign targets, and receive actionable insights. Remarkably's tools aim to enhance lease-up and re-stabilization efforts by delivering measurable results and recommendations, ultimately driving market-leading performance for both new developments and existing assets.

Groundbreaker

Seed Round in 2021
Groundbreaker is a technology-driven platform designed for small to medium-sized commercial real estate investment firms, focusing on streamlining capital fundraising and investment administration. Founded in 2014 and based in Chicago, Illinois, the platform offers an integrated suite of tools that enhances productivity and improves investor relations. Its key features include fundraising automation, investment management, investor reporting, and a dedicated investor portal. By simplifying complex workflows and back-office operations, Groundbreaker enables real estate firms to efficiently manage their fundraising efforts and enhance overall operational effectiveness.

LEX Markets

Seed Round in 2021
LEX Markets is a commercial real estate securities marketplace that takes commercial buildings public through single-asset IPOs. It enables both accredited and non-accredited investors to buy and sell shares of individual commercial real estate assets without lockups, starting at $250. The company's platform is powered by Nasdaq to offer the same robust, low latency, and high-performance trading features used by 70+ global markets around the world. The company was founded in 2018 and is headquartered in New York.

Valcre

Seed Round in 2021
Valcre is a software company providing an innovative appraisal platform for the commercial real estate industry. The SaaS platform is integrated into custom reporting to give firms of all sizes industry leading software to provide job and client management, comparable data storage, and efficient commercial real estate appraisal templates. We built the best appraisal technology platform so appraisers can focus on they do best, analysis of commercial real estate.

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.

ProDeal

Seed Round in 2021
ProDeal is an enterprise technology company founded on the vision of securing and optimizing the execution of transactions so our clients are always a step ahead

Land Intelligence

Seed Round in 2021
Land Intelligence operates as the rating agency for land. By leveraging big data ingestion, on-the-ground relationships, and a patented software algorithm, Land Intelligence is a time and cost-efficient solution to the land acquisition and due diligence problem. It provides users with customized, automated reports for site condition analysis, asset volume projections, and future asset value forecasts. Land Intelligence was founded in 2019 and is based in Columbia, South Carolina.

Occupier

Seed Round in 2021
The Occupier Team combines their deep experience in the commercial real estate (JLL) and proptech space (VTS, ProCore, WeWork), and applies it to the world of the commercial tenant. Commercial tenants are faced with unique real estate challenges so we build digital solutions that automate and streamline management of an organizations lease portfolio. Occupier is the only lease management software that enables tenants and brokers to collaborate on the entire lease life cycle from site selection to critical date management and lease accounting.

Soho

Seed Round in 2021
Soho is an AI powered real estate recommendation engine that helps you find your dream property by allowing you to set up a property profile and then matching you with over 100,000 properties available within the platform. The platform is completely free to list for real estate agents and over 1.3M properties are matched with property seekers on Soho each year

Build-Apps

Seed Round in 2021
Build-Apps is a data management platform for optimizing portfolio management in the commercial real estate sector. The platform integrates various applications into the Microsoft 365 environment, making use of the Microsoft Dataverse to create a unified data model. It is designed to support CRE owners, operators, and occupiers in managing their portfolios.

Propic

Seed Round in 2021
Propic vision is to intelligently connect people and the services provided by the Real Estate industry.

Clik.ai

Funding Round in 2020
Clik.ai is an AI-powered automated underwriting platform tailored for commercial real estate brokers and lenders. The company offers a cloud-based software solution that streamlines deal valuations and transaction due diligence, significantly enhancing operational efficiency by allowing users to process transactions at five times the speed of traditional methods. Utilizing advanced machine learning technology, Clik.ai's platform automates the extraction and digitization of real estate documents, facilitating quicker mortgage valuation and loan origination. As a comprehensive tool for real estate professionals, Clik.ai aims to simplify the underwriting process and improve overall business productivity.

Energy-Producing Retail Realty

Funding Round in 2020
Energy-Producing Retail Realty is focused on creating a better way to deploy clean and renewable energy technologies on commercial buildings. The company is primarily focused on the acquisition, development, and management of energy-producing retail (EPR) real estate.

Dealius

Funding Round in 2020
Dealius was designed, working directly with brokers, owners, managers, and administrators, to automate the transaction process and broker management within commercial real estate brokerage companies. In today’s evolving real estate industry, technology is becoming more essential in the day-to-day business.

RealX

Seed Round in 2020
RealX Ventures is a developer of a property dealing platform used to trade property rights online. Its platform offers to register the properties for sale or leasing simplifies the acquisition and disposition of property rights within one online exchange that enables dealers to search for properties online and carry out effecting selling, buying, or leasing of property rights.

Coeo Space

Funding Round in 2019
Coeo Space is an award-winning open data technology platform that uses scientific algorithms to match users to the perfect space in seconds. Our match scoring algorithms are based on what’s important to today’s companies such as team size, monthly budget, and property amenities/features. Coeo Space is in over 188 US markets and proud to be part of the National Association of Realtors (NAR) inaugural REach Commercial Accelerator Program.

biproxi

Seed Round in 2019
Biproxi, Inc. operates an online marketplace designed for the commercial real estate sector, connecting brokers, buyers, and tenants. Founded in 2018 and based in New York, Biproxi provides a cloud-based platform that streamlines the process of buying, selling, and leasing commercial real estate. The platform allows users to access a comprehensive inventory of listings available for sale or lease, facilitating a transparent transaction experience. By employing proprietary technology, Biproxi equips its users with the necessary tools to discover new properties, make offers, and complete deals efficiently.

CRE Simple

Funding Round in 2019
CRE Simple is a Financial Services company built on an intelligent lending platform that revolutionizes access to capital for commercial real estate deals. Their OneSource platform is the first cloud-based collaboration and workflow solution to intelligently connect the entire CRE finance ecosystem and improve the borrowing experience by providing speed, transparency, and certainty. With the use of powerful data services and artificial intelligence, CRE Simple brings predictability and automation to a currently manual, error-prone, and complex process. The result is a next generation capital solution for the CRE market, with deep integration of their brokerage, tenant, and capital partners.

Consortia

Funding Round in 2019
Consortia is a platform that facilitates real estate referrals. Their services include property scores based on privately shared documentation, the documentation provided by the owner, and verification by stakeholder

FLIPT

Angel Round in 2016
FLIPT is a technology company that operates an artificial intelligence platform designed to facilitate connections between home sellers and local real estate professionals. By leveraging housing and social data, FLIPT enhances the transparency and efficiency of the real estate selling process. The platform allows real estate agents to engage with investors in their area, helping them to discover deals and share insights that can attract potential clients. Additionally, FLIPT assists investors in closing property transactions, thereby streamlining the overall home selling experience.

FLIPT

Funding Round in 2016
FLIPT is a technology company that operates an artificial intelligence platform designed to facilitate connections between home sellers and local real estate professionals. By leveraging housing and social data, FLIPT enhances the transparency and efficiency of the real estate selling process. The platform allows real estate agents to engage with investors in their area, helping them to discover deals and share insights that can attract potential clients. Additionally, FLIPT assists investors in closing property transactions, thereby streamlining the overall home selling experience.

Pathway Technologies, Inc.

Seed Round in 2016
Pathway Technologies is an electronic systems integrator that specializes in designing, integrating, servicing, and IP electronic security.

Xceligent

Funding Round in 2014
Xceligent, Inc. provides property and listing information to the commercial real estate industry. The company offers CDX commercial data exchange, which provides information through an Internet-based software application; and CEX commercial listing exchange that offers market coverage and retention of property-specific activity. It also offers CDX mail; Tenant ProspeX that allows commercial real estate professionals to search for tenant data; Site TraX that provides database of sales; CDXDirect, which provides lease and sale listings on client company Website; Aerial PiX that offers access to aerial photography; and inVISION, which updates listings in CDX commercial data exchange. The company has strategic alliance with American Industrial Real Estate Association; Denver Metropolitan Commercial Association of REALTORS; MNCAR; North Texas Commercial Association of Realtors; MindMatrix, Inc.; D&B; REApplications; AirPhotoUSA; and LoopNet, Inc. Xceligent, Inc. was founded in 2000 and is based in Independence, Missouri.

REach

Venture Round in 2012
REach is an accelerator that supports technology companies at various stages of growth, particularly those involved in the real estate sector and adjacent markets such as financial services, banking, home services, and insurance. Established in 2013, it operates as a subsidiary of Second Century Ventures, the investment arm of the National Association of Realtors. REach connects its member companies with a vast network of over 350 mentors from leading real estate firms and provides direct access to the National Association of Realtors' membership base for potential customers and partnerships. The program is designed to foster innovation in the real estate industry, benefiting small businesses, real estate professionals, and consumers alike. REach also collaborates with other accelerators and welcomes graduates from programs like TechStars and YCombinator, offering ongoing coaching and support to help these companies thrive.

Xceligent

Venture Round in 2012
Xceligent, Inc. provides property and listing information to the commercial real estate industry. The company offers CDX commercial data exchange, which provides information through an Internet-based software application; and CEX commercial listing exchange that offers market coverage and retention of property-specific activity. It also offers CDX mail; Tenant ProspeX that allows commercial real estate professionals to search for tenant data; Site TraX that provides database of sales; CDXDirect, which provides lease and sale listings on client company Website; Aerial PiX that offers access to aerial photography; and inVISION, which updates listings in CDX commercial data exchange. The company has strategic alliance with American Industrial Real Estate Association; Denver Metropolitan Commercial Association of REALTORS; MNCAR; North Texas Commercial Association of Realtors; MindMatrix, Inc.; D&B; REApplications; AirPhotoUSA; and LoopNet, Inc. Xceligent, Inc. was founded in 2000 and is based in Independence, Missouri.

ePropertyData

Funding Round in 2010
ePropertyData, owned by Second Century Ventures, the venture capital arm of the National Association of REALTORS®, is a leader in Commercial MLS and Information Exchange (CIE) technology. ePropertyData clients include the Commercial Brokers Association based in Seattle www.commercialmls.com, the Houston Association of Realtors, www.commgate.com, the Dayton Area Board of REALTORS®, the Oklahoma City Metropolitan Association of Realtors and CARETS (California Real Estate Technology Services, Inc.) and others.

ePropertyData

Funding Round in 2010
ePropertyData, owned by Second Century Ventures, the venture capital arm of the National Association of REALTORS®, is a leader in Commercial MLS and Information Exchange (CIE) technology. ePropertyData clients include the Commercial Brokers Association based in Seattle www.commercialmls.com, the Houston Association of Realtors, www.commgate.com, the Dayton Area Board of REALTORS®, the Oklahoma City Metropolitan Association of Realtors and CARETS (California Real Estate Technology Services, Inc.) and others.

ePropertyData

Convertible Note in 2009
ePropertyData, owned by Second Century Ventures, the venture capital arm of the National Association of REALTORS®, is a leader in Commercial MLS and Information Exchange (CIE) technology. ePropertyData clients include the Commercial Brokers Association based in Seattle www.commercialmls.com, the Houston Association of Realtors, www.commgate.com, the Dayton Area Board of REALTORS®, the Oklahoma City Metropolitan Association of Realtors and CARETS (California Real Estate Technology Services, Inc.) and others.

ePropertyData

Secondary Market in 2008
ePropertyData, owned by Second Century Ventures, the venture capital arm of the National Association of REALTORS®, is a leader in Commercial MLS and Information Exchange (CIE) technology. ePropertyData clients include the Commercial Brokers Association based in Seattle www.commercialmls.com, the Houston Association of Realtors, www.commgate.com, the Dayton Area Board of REALTORS®, the Oklahoma City Metropolitan Association of Realtors and CARETS (California Real Estate Technology Services, Inc.) and others.
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