NAWRB Magazine Volume 11, Issue 1 Collaboration Breathes Success

Page 36

The Greater REACH of Real Estate Technology by: Ashley Stinton

Second Century Ventures. Future proofing the next century of real estate with the power of innovation. Incepted in 2008, NAR built Second Century Ventures with the foresight to keep REALTORS® on the cutting edge for the next century of real estate. Leveraging the association’s more than 1.5 million members and an unparalleled network of executives, Second Century Ventures helps scale its portfolio companies across 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 acting as a catalyst for new technologies, new opportunities, and new talent. As a part of NAR’s Strategic Business, Innovation and Technology (SBIT) group, Second Century Ventures (SCV) serves as NAR’s strategic investment arm. As the most active strategic global real estate technology fund in the world, SCV invests in technologies that are transforming the real estate industry and reinforcing REALTORS®’ essential role to consumers. By investing in new and emerging companies through SCV and REACH, NAR helps these businesses access the industry in a way that is beneficial – rather than disruptive – to its members. Working hand in hand with



the entrepreneurial community, SCV helps hundreds of small businesses, millions of REALTORS® and consumers, and the economy as a whole.

FinTech, PropTech, EverythingTech With consumers becoming increasingly familiar with new technologies and new ways to research, explore, search, shop, buy, manage and maintain life’s biggest assets, REALTORS® need knowledge and access to the innovation that a new era of consumers demands. SCV evaluates companies across the residential and commercial sectors that support every stage of the real estate transaction and adjacent industries including title, escrow, mortgage, insurance, and home services. Within the SCV and REACH portfolios, more than two dozen companies have formed unique partnerships. Most recently Letus (formerly RentMoola) and Trust Stamp partnered to transform rental accessibility and risk management with secure screening and financial tools backed by leading biometric identity verification and data protection solutions. “This partnership highlights the growing impact of intersectionality between

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