Second Century Ventures

Second Century Ventures (SCV) is a venture capital firm established in 2009 and based in Chicago, Illinois. The firm is dedicated to fostering innovation within the real estate industry by investing in early to mid-stage companies that focus on 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 represents over 1.4 million members, SCV benefits from the association's extensive resources and industry expertise. This connection enhances the strategic value offered to portfolio companies, leveraging over a century of industry influence and knowledge to support entrepreneurial ventures in real estate.

Bob Gillespie

Executive Director, REACH Commercial

Bob Goldberg

Chairman

Valentina Shegoyan

REACH UK - Managing Partner

Past deals in Commercial Real Estate

Land Intelligence

Seed Round in 2022
Land Intelligence, Inc. functions as a rating agency focused on providing comprehensive land information to mitigate risks associated with land purchases. The company offers several key services, including LandFAX, which assesses individual parcels for development feasibility by analyzing factors such as aerial views, wetlands, flood hazards, utilities, and zoning. Additionally, LandYIELD evaluates the potential use of a parcel based on current zoning, while LandCAST forecasts development potential by considering property characteristics and regional growth factors. Founded in 2019 and headquartered in Columbia, South Carolina, Land Intelligence utilizes big data and advanced software algorithms to deliver customized, automated reports that streamline site condition analysis, asset volume projections, and future asset value forecasts, thereby enhancing the efficiency of land acquisition and due diligence processes.

ProDeal

Seed Round in 2022
ProDeal is an enterprise technology company that specializes in providing a cloud-based collaboration platform for managing commercial real estate transactions. This platform is designed to secure and optimize the execution of property deals by tracking, analyzing, and storing various types of related documents, including title documents, loan documents, and settlement statements. By consolidating these essential documents in one place, ProDeal enables real estate professionals and property owners to manage their transactions more accurately and cost-effectively, ensuring they remain competitive in the market.

Roomvu

Convertible Note in 2021
Roomvu operates a video marketing platform specifically designed for real estate agents, many of whom work independently and struggle to close deals. The platform automates customer acquisition and marketing efforts that are typically accessible only to larger real estate firms. By producing realtor-branded social media videos, enriched with up-to-date market data, Roomvu helps agents convert their audience into leads. The service includes hyper-local content, which enhances social media marketing, email marketing, CRM, and digital advertising. This comprehensive approach allows real estate professionals to create effective landing pages and better promote themselves, ultimately improving their chances of success in an increasingly competitive market. Roomvu has successfully attracted 6,500 customers across 300 cities in North America and has experienced significant revenue growth.

Obie

Series A in 2021
Obie is a software platform developed by Creisoft, Inc. that connects commercial real estate brokers and investors, streamlining the transaction process within the industry. The platform offers a range of features, including the ability for brokers to create marketing materials, list properties on a public or private marketplace, and manage financial documents and analytics in real time. Investors benefit from access to property teasers and instant delivery of offering memorandums upon signing an electronic confidentiality agreement. Additionally, Obie includes tools for underwriting properties, supported by integrated financial modeling capabilities. The platform serves various asset classes, including office, industrial, retail, and multifamily properties. Founded in 2012 and based in Charlotte, North Carolina, Creisoft, Inc. utilizes advanced encryption and operates on certified secure servers to ensure data protection.

Landis

Seed Round in 2021
Landis is an online real estate platform designed to assist renters in becoming homeowners. Founded in 2017 and headquartered in New York, the company enables clients to choose their ideal home, rent it, and purchase it within the first twelve months. Landis provides tools and incentives to help improve customers' credit scores and build their down payments, facilitating a smooth transition from renting to owning. The platform focuses on delivering a transparent and straightforward process, catering to both residential and commercial real estate needs.

Remarkably

Seed Round in 2021
Remarkably, Inc. provides a leasing performance analytics platform for multifamily real estate innovators. It offers a software that enables customers to achieve lease-up/re-stabilization by target date, with unified data, actionable insights, recommended actions, and measured results. The company’s software is also used to analyze historical performance, create campaign performance targets, and receive insights and recommendations. It serves property owners, investors, and managers. Remarkably, Inc. was founded in 2018 and is based in Seattle, Washington.

Otso Corp

Seed Round in 2021
As the founders of Tenavox, we’ve learned a few things about making leasing commercial real estate easier. We were amazed at how many people in a transaction, tenant, broker, landlord, all mentioned deposits and financial worthiness as massive friction points in a deal. We saw how cash deposits felt wasteful, losing money against inflation! We heard about how letters of credit required onerous provisions that essentially locked a businesses cash up anyway…so we built a better solution. The Otso Guarantee. We formed Otso to solve a real problem with the way commercial leasing assesses credit, mitigates risk and ultimately stockpiles capital in “dead” accounts that loses money for everyone. Our program is built to provide Tenants with the flexibility to access and leverage their capital on day one of their lease, for anything…from a nicer space to more equipment and hiring. For Landlords, it made little to no sense to use critical cash for a business to mitigate risk years down the road…and to be frank, it doesn’t do much to mitigate that risk anyway. Our program issues “same as cash” guarantees for our approved tenants that give Landlords comfort while providing their Tenants with a greater lease experience, right from the start. As we grow, Otso will blend into a larger vision we hold at Tenavox, where friction is reduced and transparency allows for quicker, better lease decisions for everyone.

Groundbreaker

Seed Round in 2021
Groundbreaker Technologies, Inc. specializes in developing software solutions for small to medium-sized commercial real estate investment firms that seek to raise outside capital. Founded in 2014 and based in Chicago, Illinois, Groundbreaker offers an all-in-one investment management platform that automates key processes such as fundraising, reporting, and investor relations. The software enhances productivity and investor satisfaction by integrating six primary functions, including investor reporting, fundraising automation, an investor portal, investment management, customer relationship management, and security. This comprehensive approach streamlines back-office operations, providing significant value to real estate investment organizations.

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.

ProDeal

Seed Round in 2021
ProDeal is an enterprise technology company that specializes in providing a cloud-based collaboration platform for managing commercial real estate transactions. This platform is designed to secure and optimize the execution of property deals by tracking, analyzing, and storing various types of related documents, including title documents, loan documents, and settlement statements. By consolidating these essential documents in one place, ProDeal enables real estate professionals and property owners to manage their transactions more accurately and cost-effectively, ensuring they remain competitive in the market.

LEX Markets

Seed Round in 2021
LEX is a commercial real estate securities marketplace. A real estate fintech company, delivering a revolutionary new solution to the illiquidity problems facing real estate owners and investors through a new real estate investment platform.

Land Intelligence

Seed Round in 2021
Land Intelligence, Inc. functions as a rating agency focused on providing comprehensive land information to mitigate risks associated with land purchases. The company offers several key services, including LandFAX, which assesses individual parcels for development feasibility by analyzing factors such as aerial views, wetlands, flood hazards, utilities, and zoning. Additionally, LandYIELD evaluates the potential use of a parcel based on current zoning, while LandCAST forecasts development potential by considering property characteristics and regional growth factors. Founded in 2019 and headquartered in Columbia, South Carolina, Land Intelligence utilizes big data and advanced software algorithms to deliver customized, automated reports that streamline site condition analysis, asset volume projections, and future asset value forecasts, thereby enhancing the efficiency of land acquisition and due diligence processes.

Occupier

Seed Round in 2021
Occupier Inc. is a software company that offers transaction and portfolio management solutions specifically designed for commercial tenants and brokers. Founded in 2018 and headquartered in New York, the company provides a centralized lease management tool that aids users in managing real estate portfolios and optimizing transactions. Its software encompasses lease administration, lease accounting, and transaction management, allowing users to track deal pipelines and ensure compliance with lease accounting standards. By streamlining the management of documents and tasks throughout the real estate transaction lifecycle, Occupier enables businesses and their brokers to make more informed lease decisions.

Buil-Apps

Seed Round in 2021
Buil-Apps is a data-driven commercial real estate platform owned, controlled, and governed by portfolio owners in Microsoft 365 environment.

Propic

Seed Round in 2021
Operator of a real estate platform intended to improve the customer experience. The company's platform allows real estate agents and property managers to respond and communicate with consumers via automated conversational or text artificial intelligence any time of day or night, enabling clients to connect with people and the services provided by the real estate industry.

Soho

Seed Round in 2021
Soho Property Pte Ltd is a property marketplace that facilitates the buying, selling, and renting of real estate properties. Founded in 2017, the company operates primarily online, providing users with tools to create, manage, and communicate about their property portfolios. In addition to its property listings, Soho offers online storage for important documents such as bills and body corporate statements. The company is headquartered in Singapore and has an additional office in Sydney, Australia, showcasing its commitment to serving users in the real estate sector across these regions.

BrokerAssist

Funding Round in 2020
Collaboration & Referral Network... Come gig with us! OUR SERVICE: BrokerAssist is the gig economy for real estate professionals! As the new go-to collaboration and referral network, BrokerAssist is a free mobile-first marketplace connecting Realtors® in real-time for fractional assistance on deal specific tasks (showings, open houses, inspections, etc). Even more, BrokerAssist offers a free platform for on-demand referral connections nationwide! Broker/Owner? Contact us about a white label solution for your firm today! OUR BENEFIT: BrokerAssist drives Realtor® collaboration and referral networking for efficient business management, growth & maximal client satisfaction. BrokerAssist keeps Realtors® at the center of their transactions by providing an integrated platform across communications and payments; thereby helping brokerage firms drive efficiencies & reduce noise in their systems. BrokerAssist’s referral model is fair, free, and in real-time as the modern Realtor® demands. HOW IT WORKS: Individual Realtors® or broker/owners register for the app on iOS or Android for free access to the marketplace, or they may choose to deploy a white label solution to fit the culture and needs of their firm. The BrokerAssist app offers a robust, intuitive and integrated workflow. Learn more here: https://www.brokerassist.com/how-it-works OUR ADVANTAGE: BrokerAssist is the first nationwide gig economy and referral network for Realtors®. As a mobile-first SaaS model, we benefit from low overhead and quickly deploy new features to meet client demands. The BrokerAssist platform is positioned to deploy horizontally across the real estate industry and into new verticals.

Clik.ai

Funding Round in 2020
Clik Technologies Inc. operates an AI-powered customer relationship management platform specifically designed for the commercial real estate sector. Established in 2017 and headquartered in Vancouver, Canada, with an engineering team based in Gurugram, India, the company provides automated commercial mortgage underwriting solutions. Its platform streamlines the underwriting process through advanced machine learning technology for document extraction and valuation, allowing brokers and lenders to expedite loan origination and underwriting. Clik.ai offers tools for instant loan underwriting, deal tracking, and transaction due diligence, significantly enhancing the speed and efficiency of real estate transactions. The service is delivered as a user-friendly, plug-and-play cloud solution, catering to the needs of real estate professionals.

Energy-Producing Retail Realty

Funding Round in 2020
Energy-Producing Retail Realty specializes in the acquisition, development, and management of energy-producing retail real estate. The company aims to enhance the deployment of clean and renewable energy technologies in commercial buildings, facilitating a transition towards sustainable energy solutions. By providing distributed energy services, Energy-Producing Retail Realty aligns the interests of commercial property owners, tenants, and lenders. This approach allows real estate owners to benefit from existing energy technologies without the need for capital investment, enabling access to discounted clean energy while alleviating the responsibilities associated with ownership.

Dealius

Funding Round in 2020
Dealius is a developer of a brokerage management platform specifically tailored for commercial real estate firms. The platform facilitates the automation of the transaction process and broker management by tracking lease renewals, receivables, and production metrics. This functionality allows users, including brokers, owners, managers, and administrators, to set production goals and effectively manage their listings and deal flow. By integrating technology into the operational aspects of commercial real estate, Dealius aims to enhance efficiency and streamline day-to-day business activities within the industry.

Occupier

Venture Round in 2020
Occupier Inc. is a software company that offers transaction and portfolio management solutions specifically designed for commercial tenants and brokers. Founded in 2018 and headquartered in New York, the company provides a centralized lease management tool that aids users in managing real estate portfolios and optimizing transactions. Its software encompasses lease administration, lease accounting, and transaction management, allowing users to track deal pipelines and ensure compliance with lease accounting standards. By streamlining the management of documents and tasks throughout the real estate transaction lifecycle, Occupier enables businesses and their brokers to make more informed lease decisions.

RealX

Seed Round in 2020
RealX Ventures, Inc. operates an online platform designed for the buying, selling, and leasing of diverse property rights. Founded in 2019 and based in Sewickley, Pennsylvania, the company facilitates transactions related to various industries, including solar, wind, oil and gas, timber, cellular towers, pipelines, transmission lines, and agriculture. The platform streamlines the acquisition and disposition of property rights, allowing users to register properties for sale or lease and enabling dealers to efficiently search for and transact property rights. Through its services, RealX Ventures aims to connect landowners with opportunities across a range of sectors, enhancing the overall efficiency of property dealings.

biproxi

Seed Round in 2019
Biproxi, Inc. operates an online marketplace focused on commercial real estate, catering to brokers, buyers, and tenants. Founded in 2018 and headquartered in New York, the company provides a platform that connects users with commercial real estate listings available for sale or lease. Biproxi's technology streamlines the transaction process, allowing participants to discover new listings, submit offers, and finalize deals efficiently. The platform aims to enhance transparency in the buying, selling, and leasing of commercial properties, equipping users with the necessary tools to facilitate their real estate transactions effectively.

CoeoSpace

Funding Round in 2019
CoeoSpace, LLC specializes in providing flexible, move-in ready workspaces tailored for a diverse clientele, including entrepreneurs, freelancers, startups, and small businesses. Founded in 2019 and based in Warrendale, Pennsylvania, the company offers a variety of options such as co-working spaces, sublease spaces, and landlord spec suites. CoeoSpace employs advanced algorithms to facilitate quick and efficient matching of users to suitable spaces based on factors like team size, budget, and desired amenities. This technology-driven approach enhances the user experience by providing features such as listings, search capabilities, scheduling, verification, reviews, and live chat support. With a presence in over 188 U.S. markets, CoeoSpace is also affiliated with the National Association of Realtors, participating in its inaugural REach Commercial Accelerator Program.

CRE Simple

Funding Round in 2019
CRE Simple, Inc. is a financial services company that focuses on providing an innovative cloud-based lending platform designed to enhance access to capital for commercial real estate transactions. Established in 2016 and headquartered in San Francisco, California, the company operates its OneSource platform, which serves as a collaboration and workflow solution that connects various participants in the commercial real estate finance ecosystem. By leveraging data services and artificial intelligence, CRE Simple aims to streamline the borrowing process, offering improved speed, transparency, and certainty. Its platform facilitates a more efficient and automated experience, addressing the complexities and potential errors associated with traditional lending methods. Through deep integration with brokerage, tenant, and capital partners, CRE Simple is positioned to transform the capital access landscape in the commercial real estate sector.

Consortia

Funding Round in 2019
Developer of a real estate blockchain platform designed to track real estate referrals from start to finish. The company's blockchain title token tracks all the relationships on the back end of the property including real estate referrals with features like geolocation and more, enabling stakeholders to catch referrals before funds get disbursed.

FLIPT

Angel Round in 2016
FLIPT® for Realtors - connect with investors in your area. Discover deals on FLIPT and post your own insights and comments that will help real estate investors select you as their agent. Help investors to close properties on FLIPT.

FLIPT

Seed Round in 2016
FLIPT® for Realtors - connect with investors in your area. Discover deals on FLIPT and post your own insights and comments that will help real estate investors select you as their agent. Help investors to close properties on FLIPT.

Pathway Technologies, Inc.

Seed Round in 2016
The complete toolkit for real estate professionals. We simplify real estate for brokers, agents, and consumers.

FLIPT

Funding Round in 2016
FLIPT® for Realtors - connect with investors in your area. Discover deals on FLIPT and post your own insights and comments that will help real estate investors select you as their agent. Help investors to close properties on FLIPT.

Xceligent

Funding Round in 2014
Xceligent, Inc. specializes in providing comprehensive property and listing information tailored for the commercial real estate sector. Founded in 2000 and headquartered in Independence, Missouri, the company offers a suite of services including the CDX commercial data exchange for real-time property information, and the CEX commercial listing exchange, which tracks property-specific activity and market trends. Additional services include Tenant ProspeX for tenant data searches, Site TraX for sales databases, and Aerial PiX for aerial photography access. Xceligent also enhances its offerings with CDXDirect for lease and sale listings on client websites and inVISION for real-time updates to listings. The company collaborates with various industry associations and partners, providing essential data and analytics that assist real estate professionals, appraisers, owners, investors, and developers in making informed strategic decisions regarding leasing, selling, and developing commercial properties.

REach

Venture Round in 2012
REach is an accelerator founded in 2013 and based in the United States, operating as a subsidiary of Second Century Ventures, the investment arm of the National Association of Realtors. It is dedicated to fostering technology companies, particularly those focused on software as a service (SaaS), that are relevant to the real estate, financial services, banking, home services, and insurance sectors. REach aims to bridge technology innovation with the vast real estate industry, benefiting small businesses, real estate professionals, and consumers alike. The program provides access to a network of over 350 mentors from leading real estate organizations and offers direct connectivity to the National Association of Realtors' extensive membership for potential partnerships and clientele. REach accepts companies at various stages of development, from early concepts to established firms with revenue, and collaborates with other accelerators to enhance support and outreach for its participants.

Xceligent

Venture Round in 2012
Xceligent, Inc. specializes in providing comprehensive property and listing information tailored for the commercial real estate sector. Founded in 2000 and headquartered in Independence, Missouri, the company offers a suite of services including the CDX commercial data exchange for real-time property information, and the CEX commercial listing exchange, which tracks property-specific activity and market trends. Additional services include Tenant ProspeX for tenant data searches, Site TraX for sales databases, and Aerial PiX for aerial photography access. Xceligent also enhances its offerings with CDXDirect for lease and sale listings on client websites and inVISION for real-time updates to listings. The company collaborates with various industry associations and partners, providing essential data and analytics that assist real estate professionals, appraisers, owners, investors, and developers in making informed strategic decisions regarding leasing, selling, and developing commercial properties.

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

Debt Financing 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.

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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