Innovative Startups Join 2025 REACH Commercial Program
Second Century Ventures Welcomes New Cohort for 2025 Program
Chicago, an exciting hub for innovation, sees the announcement of nine groundbreaking companies being accepted into the 2025 REACH Commercial program. This initiative is spearheaded by Second Century Ventures, known for being a prominent player in the global real estate technology sector. This marks the seventh instance of the REACH Commercial program, designed to elevate solutions aimed at transforming the landscape of commercial real estate.
Diverse Innovations for Commercial Real Estate
The selected companies for this cohort showcase an impressive variety of innovative solutions that are set to enhance different sectors of commercial real estate. These offerings include advancements in:
- Workflow management,
- Property ownership strategies,
- Investment approaches,
- Digital sales and leasing options,
- Carbon reduction technologies, and
- Streamlined building operations.
Together, these startups represent a wealth of potential, having collectively raised over $35 million and employing more than 100 people worldwide. The venture further signifies the unstoppable drive towards modernization within the industry.
Empowering Industry Professionals with Innovation
Dave Garland, managing partner at Second Century Ventures, expressed enthusiasm about the winners: "The companies chosen for this year’s REACH Commercial program are at the forefront of innovation within the commercial real estate ecosystem. Notably, this year marks a first, incorporating construction technology solutions alongside traditional property management strategies.” He continued by pointing out the importance of supporting these forward-thinking entrepreneurs as they pave new avenues for efficiency, smarter decision-making, and overall growth in the sector.
The Vision Behind REACH
The companies making strides in the 2025 REACH Commercial program are:
- 1031 Specialists: Experts in facilitating 1031 exchanges nationwide, helping clients navigate real estate transactions to defer capital gains taxes.
- BreatheEV: A forward-thinking platform that enables electric vehicle drivers to secure charging spots ahead of time, ensuring reliability and support for property owners.
- Caltana: An AI-driven tool that streamlines pricing and analytic tasks, promoting accuracy and cost-efficiency for property owners and service providers alike.
- Connexus: A comprehensive procurement platform that enhances vendor management and compliance for businesses seeking to simplify their sourcing practices.
- Forty5Park: This platform supports investment and asset management by reducing operational costs, increasing accuracy across deal workflows.
- Packsmith: A logistics platform turning underutilized suburban properties into efficient, AI-optimized distribution centers.
- PredictAP: A patented solution leveraging AI to simplify invoice processing, ensuring smooth accounts payable functions.
- REKalibrate: A customer data platform assisting commercial office owners in converting building data into actionable insights to enhance revenue.
- Verv Energy: A hybrid solution that captures detailed HVAC data in real time to improve energy management and operational efficiency.
Bob Gillespie, managing partner of REACH Commercial, remarked, "The 2025 cohort showcases some of the most innovative companies in the real estate sector today. These pioneers address significant industry challenges, including carbon emissions reduction, advanced AI applications, and efficient charging solutions for electric vehicles. Their developments present a glimpse into the future of commercial real estate, and we are eager to assist them in maximizing their industry impact.”
REACH Program as a Catalyst for Growth
REACH offers a comprehensive curriculum filled with educational resources, mentorship, and unique networking opportunities, ensuring significant visibility in the global real estate market. The program stands as a testament to Second Century Ventures’ commitment to nurturing emerging technologies within the real estate landscape.
Frequently Asked Questions
What is the REACH Commercial Program?
The REACH Commercial Program is an initiative by Second Century Ventures that supports innovative companies looking to scale their real estate technology solutions.
How many companies are part of the 2025 cohort?
Nine companies have been selected to join the 2025 REACH Commercial Program.
What types of innovations are represented in the cohort?
The cohort includes innovative solutions in workflow management, property ownership, investment strategies, EV charging solutions, and more.
Who leads the Second Century Ventures?
Dave Garland and Bob Gillespie are managing partners steering the initiative's direction and growth strategies.
How can I learn more about the REACH program?
For additional information on REACH and how to participate, you can visit nar-reach.com for comprehensive resources and guidance.
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