REACH UK, a technology scale-up program created by early-stage technology fund Second Century Ventures and backed by the National Association of Realtors (NAR), will soon see its Class of 2021 graduating.
In just a matter of days, the seven promising companies who joined REACH UK 2021 program back in February will graduate and become a part of the REACH portfolio. The REACH portfolio is a rapidly growing community of the world’s leading proptech companies from the United States, Canada, Australia and the UK. As REACH portfolio companies they head off into the world armed with the backing of an exceptional international community made up of real estate industry executives, mentors, entrepreneurs and investors.
The cohort, which includes Sprift, Myr.ai, Smart Point, Offr, Radweb, Hammock and UnderTheDoormat, have been helped along in their journey by NAR and their bilateral partners such as Propertymark, KVKL, NVM, Second Century Ventures, and the REACH UK mentor and industry partner community of over 100 industry experts.
The Class of 2021
Property data platform
Sprift is the most comprehensive data platform in the UK – it brings together everything agents & owners need to know about any property in one single location, and helps ensure that all property information is accurate and comprehensive in detail.
SaaS Hospitality platform
UnderTheDoormat is an integrated short-term accommodation business, with a proprietary and highly scalable SaaS platform for property companies, agents and portfolio owners.
Myr.ai is using IoT and AI to digitalise and automate cleaning service delivering up to 50% OPEX savings for facility managers.
Hammock saves landlords time and money in the management of property finances with banking, bookkeeping, tax and insights services. It connects securely to all high street banks via Open Banking and provides real-time notifications on property income and expenses.
Net-zero carbon delivery
Smart Point is a smart concierge solution – intelligent, contactless automated delivery systems and secure parcel protection used in co-working, co-living, hospitals, government, student accommodation. Smart Point connects local retail and enables zero emission delivery.
Sophisticated platforms for managing the end-to-end inspection process, cutting the time it takes to produce professional property reports in half and providing workflows for keeping on top of property management and compliance, with historical audit trails and automation at its core.
Property transaction management
Offr allows estate agents to manage and transact all property types including auctions, traditional sales, new homes, residential lettings and commercial leases through a panel that sits on the agents’ own website.
Having acted as a mentor at REACH UK, and being a big supporter of the program, the consensus on the ground is one of immense positivity, with founders saying that the support and connections they received have exceeded expectations.
Valentina Shegoyan, Natasha Terinova and Paolo Rigutto of REACH UK, who work tirelessly from their London base, have pulled out all the stops to make this first cohort a great success, a trend that will undoubtedly continue for future classes.
Andrew Stanton is the founder of Proptech-PR, a consultancy for Founders of Proptechs looking to grow and exit, using his influence from decades of industry experience. Separately he is a consultant to some of the biggest names in global real estate, advising on sales and acquisitions, market positioning, and operations. He is also the founder of Proptech-X Proptech & Property News, where his insights, connections and detailed analysis and commentary on proptech and real estate are second to none.