Second Century Ventures Announces REACH UK 2024 Cohort Backed by Propertymark and TDS Group

Shared 03 September, 2024

Second Century Ventures Announces REACH UK 2024 Cohort Backed by Propertymark and TDS Group

Second Century Ventures (SCV), the venture capital arm of the National Association of Realtors® (NAR), proudly announces the eight companies selected for the REACH UK 2024 technology scale-up program.

This year’s cohort, supported by the landmark co-investment agreement with Propertymark and TDS Group, marks a milestone in SCV’s mission to act as a catalyst for emerging technologies, new opportunities, and top talent. SCV invests in ideas and teams looking to scale across the real estate, financial, insurance, and home service verticals.

Announcing the REACH UK 2024 Cohort

The REACH UK program, launched in March 2020 with the support of Propertymark, has quickly become one of the most competitive and recognised tech scale-up programs in the UK. The 2024 cohort is particularly significant as it benefits from enhanced investment and the strong backing of two of the UK’s largest industry organisations—Propertymark and TDS Group. These partnerships have been instrumental in the selection of the following eight companies, each positioned to make a substantial impact on the property sector:

Just Move In (https://justmovein.com/) – A platform helping property professionals provide a seamless moving experience for home movers by automating home services like utilities and insurance, increasing customer satisfaction and retention.

HIPLA (https://www.hipla.co.uk/) – Digital legal pack helping property professionals reduce transaction times and simplify sales with a suite of industry leading products – ID/AML, Material Information, Document Signing and Quote Referral.

Building Passport (https://www.buildingpassport.com/) – A SaaS solution for building owners and professionals, offering a permanent common data environment on a building-by-building basis to ensure compliance, improve governance and reduce costs in property management.

Infersens (https://www.infersens.com/) – A water sensor technology for property managers and owners that enhances water safety, reduces waste, and supports sustainability in the built environment.

Propalt (https://propalt.co.uk/) – A property data platform helping agents, landlords, property owners, and financial services by presenting a single data view automating lead generation to driving higher conversions.

SuSy (https://susy.house/) – Intelligent software to streamline domestic retrofit and enhance resident engagement, for estate agents, landlords, local authorities and property professionals.

BuiltAPI (https://builtapi.com/) – A low-code data integration platform for real estate investors and managers, facilitating cost-effective data exchange and data governance.

Zonifero –(https://zonifero.com/en/) – An integrated platform for businesses, optimising building and workplace efficiency, reducing costs, enhancing security, and improving employee satisfaction for the age of hybrid work and ESG goals.

Collectively, these companies have raised over $12.5m in capital, with a combined valuation just north of $100 million.

Strategic Partnerships Driving Industry Modernisation

The REACH UK 2024 cohort was selected with significant input from Propertymark and TDS Group, ensuring that the chosen startups align with the strategic goals of driving innovation and modernisation within the property industry. The unique structure of the REACH program allows for unparalleled industry participation and engagement, setting these companies on a path to success.

“The REACH UK 2024 cohort represents a strategic investment in high-potential companies that are positioned to deliver significant value across the property industry. Our strong, established partnership with Propertymark, along with the support from TDS Group, gives us the insight and alignment needed to scale these technologies and drive both innovation and measurable impact in the sector.” — Natasha Terinova, Partner at REACH UK

Nathan Emerson, CEO of Propertymark, comments: “We are extremely pleased to again be supporting REACH UK in accelerating technology in the marketplace. The industry’s early engagement helps define and fine tune new digital innovations, and we are excited to see these companies progress and streamline areas within the property sector.”

“We are pleased to support the REACH UK 2024 cohort, which aligns with our mission to foster innovation and elevate standards across the property sector. The collaboration between Propertymark, TDS and Second Century Ventures, creates an ecosystem where these property related technologies can thrive. We look forward to seeing how these companies will drive positive change and improve the property experience for all stakeholders.” stated Steve Harriott, CEO of TDS Group.

What’s Next for the REACH UK 2024 Cohort?

The selected companies are set for significant growth through the REACH UK 2024 program, which will run for up to 9 months. They will benefit from a tailored series of bespoke events, opportunities to showcase and speak about their technologies at major global conferences, and targeted mentorship from industry leaders. With access to exclusive perks, education, and resources designed to accelerate their progress, these startups are strategically positioned to scale their businesses and deliver strong returns. The program’s structured approach ensures that their technologies will have a lasting impact on the property industry.

Applications for REACH UK 2025: Opening Soon

As the REACH UK 2024 cohort embarks on its journey, the SCV and REACH UK teams are gearing up to open applications for the REACH UK 2025 program. Offering unparalleled opportunities for growth, industry engagement, and strategic investment, the REACH UK program is the perfect platform for startups looking to scale in the UK and globally.

If you’re interested in being part of the next cohort, we encourage you to express your interest now. Please fill out this form or follow REACH UK on Linkedin to sign up for updates, and our team will contact you when applications officially open.

 

About REACH

REACH is a unique technology scale-up program created by Second Century Ventures, the most active global fund in real estate technology. Backed by the National Association of Realtors®, Second Century Ventures leverages the association’s more than 1.4 million members and an unparalleled network of executives within real estate and adjacent industries. The REACH program helps technology companies scale across the real estate vertical and its adjacent markets through education, mentorship, and market exposure. For more on REACH, visit https://nar-reach.com/.

About Propertymark

Propertymark is the leading professional body for estate and letting agents, commercial agents, auctioneers, valuers, and inventory providers, comprising over 17,800 members. Propertymark members set professional standards through regulation, accredited and recognised qualifications, an industry-leading training programme, and mandatory continued professional development. Propertymark launched in February 2017, combining ARLA, NAEA, NAVA, ICBA, and APIP—groups dedicated to promoting higher industry standards for over 50 years.

About TDS Group

TDS is the leading tenancy deposit and resolutions service provider in the UK. Backed by Propertymark, RICS (Royal Institute of Chartered Surveyors), and the National Residential Landlord Association (NRLA), we protect over 1.8m tenancy deposits worth over £2.25bn. We’re committed to creating social value through resolving disputes effectively, raising standards, and making life easier for businesses and consumers in the UK property sector and beyond.

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