WASHINGTON, May 11, 2016 /PRNewswire/ -- Second Century Ventures, the strategic investment arm of the National Association of Realtors® has accepted RealScout, an agent-branded web and mobile platform, as the eighth company in its 2016 REach® accelerator class. Last month, SCV announced seven other companies had been chosen to be part of the fourth class.
The REach® accelerator program helps introduce innovative technology companies to the real estate marketplace; as a part of the program, RealScout will receive mentorship from top real estate moguls, venture capitalists and other tech entrepreneurs along with extensive education from the leaders and members of America's largest trade association to help navigate the complex real estate marketplace.
"We are honored and excited to be chosen for REach®'s fourth accelerator class and for the opportunity to join forces with NAR and SCV," said RealScout CEO Andrew Flachner. "REach® provides a level of access within the real estate industry that is unmatched by any other accelerator program, and the resources and support it provides will be invaluable as we continue to grow as a company."
RealScout's agent-branded web and mobile platform helps real estate agents better collaborate with their clients. It allows agents to track a client's search history, recommend listings, curate search filters for them and set up listing alerts. RealScout also aggregates and analyzes hundreds of data points for each listing letting agents and their clients search for homes using traditionally difficult-to-search-for criteria such as large backyards or remodeled kitchens, as well as their closeness to neighborhood amenities like grocery stores, parks or coffee shops.
"This year's REach® class is made up of some incredible companies, and we are excited to introduce RealScout to our more than million NAR members," said NAR CEO and SCV President Dale Stinton. "RealScout's industry first online home search and collaboration platform provides brokers and agents the competitive advantage they need in today's rapidly changing real estate market. RealScout combines its enriched MLS data with knowledge of a real estate professional to help keep the Realtor® at the center of the transaction."
Throughout the eight-month accelerator program, RealScout and the other seven REach® class companies will be provided mentoring and education. The organizations can expect significant results, as past classes have on average doubled their customer bases and jointly raised more than $40 million in financing during and after the program.
About Second Century Ventures
Second Century Ventures (SCV) is an early-stage technology fund, backed by the National Association of Realtors®, that leverages the association's 1 million members and an unparalleled network of executives within real estate and adjacent industries. SCV systematically launches its portfolio companies into the world's largest industries including real estate, financial services, banking, home services, and insurance. SCV seeks to define and deliver the future of the world's largest industries by being a catalyst for new technologies, new opportunities, and new talent.
About National Association of Realtors®
The National Association of Realtors®, "The Voice for Real Estate," is America's largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
Information about NAR is available at www.realtor.org. This and other news releases are posted in the "News, Blogs and Videos" tab on the website.
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SOURCE National Association of Realtors