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Six innovative companies from Down Under have been named by Second Century Ventures as members of the 2025 cohort for REACH Australia and New Zealand, Inman has learned.
PropTech Outlook’s 2024 Accelerator of the Year, REACH is now backing new real estate startups in seven major markets, according to a March 11 statement.
It now has 285 companies in its ecosystem operating across its U.S. residential and commercial programs, Israel, Canada, Latin America, the United Kingdom and Australia and New Zealand.
Peter Schravemade
Peter Schravemade, managing partner at REACH Australia and New Zealand, said in the statement that this crop of technology companies demonstrates exceptional potential in helping the construction space.
“We are committed to helping these companies navigate growth, expand globally, and bring transformational solutions to the industry,” he said.
Aivot, for example, specializes in improving construction material and resources procurement processes, emphasizing environmental, social and governance (ESG) compliance. FoundAt, another cohort member, “develops a data management platform for owners and operators of large infrastructure assets, utilizing their patent-pending GO-Locate AR augmented reality technology,” the press release stated.
Unió offers a solution for homeowners to more smartly deploy living space and under-used property assets by delivering tools to transform static square footage into dynamic spaces. The company is aiming to help alleviate affordability challenges and address environmental risks associated with rapid population growth.
Handlbilling offers financial operations software that the statement said “automates invoicing through milestone tracking, integrating seamlessly with project management tools, and offering user-friendly payment processes to enhance cash flow and operational efficiency.”
Property Credit is a fintech providing creative funds use — pay later solutions — that leverage pending sales proceeds to improve home marketability, and ScaleApp gives consumers education, goal setting, financial planning and other homebuying resources to better plan how to approach the market as a buyer. Its aim is to facilitate “informed decision-making in the property market with a focus on financial literacy for the emerging generation of aspiring property owners,” the release stated.
REACH Genesis is the official launch event for the 2025 cohort. It’ll take place on March 14 in Gold Coast.
Second Century Ventures is the early to mid-stage technology venture capital appendage for the National Association of Realtors. REACH, created in 2013, is the group’s primary accelerator, which selects companies with “strong teams and technologies with the potential to serve multiple industries,” according to its website.
Other notable firms that have been part of the program over its tenure include DocuSign, Inspectify, Place, Courted, Adwerx and BombBomb, among others.
In addition to the REACH program, NAR advocated for industry advancement through its annual iOi Summit, standing for Innovation, Opportunity & Investment. However, the trade group shuttered the event last month, choosing to “evolve” it into a year-round “collective” for real estate technology innovation.
“This evolution is about creating a continuous flow of information, resources, and connections, ensuring our members and the broader industry have access to the latest innovations and opportunities year-round,” said Dan Weisman, NAR’s director of innovation strategy, in a blog post about the change. The iOi Collective will become a component of NAR NXT, it’s annual conference, and will also host in-person proptech meetups, the first of which will be held at NAR headquarters in Chicago on Feb. 19.
