NAR takes a stake in cloud backup service Symform

'Strategic partnership' touted as benefiting NAR members

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Second Century Ventures, the venture capital fund of the National Association of Realtors, has invested $3 million in distributed cloud backup service Symform, forming a "strategic partnership" that will benefit NAR members, the group said.

NAR’s venture fund joined an $11 million Series B round of funding from 2012, which included financing from Longworth Venture Partners, OVP Venture Partners and WestRiver Capital, the companies said.