BREAKING PROPERTY NEWS – 18/11/2021
Daily bite-sized proptech and property news in partnership with Proptech-X.
Propertymark backs REACH UK 2022 scale-up program
Nathan Emerson, CEO of Propertymark announced that the leading membership body for property agents will reprise its backing of REACH UK for the 2022 scale-up program.
Emerson commented: “Propertymark is therefore proud to back REACH UK’s 2022 scale-up program with its mission being to help the property industry navigate through the world of technology by selecting the best scale-ups and launching them into the marketplace.
The programme offers successful start-up groups: Mentorship from real estate, mortgage, venture capital and technology sector leaders. Education on how to navigate the trillion-dollar global property industry from top experts. Exclusive opportunities at the most impactful conferences, trade shows and networking events. Unique access to top media and academic organizations, such as Oxford’s Future of Real Estate Initiative, Savills Impacts and Tech London Advocates.
A global network of highly talented, like-minded entrepreneurs, including more than 150 REACH portfolio companies and curated program sponsors.
Companies that have previously participated in the REACH program have collectively raised more than $350 million of follow-on financing and have secured key partnerships with DocuSign, Google, Facebook, Keller Williams, and Berkshire Hathaway HomeServices.
With the world of an agent constantly evolving, we’re excited to see what the next group of innovative companies bring to the table in order to align the latest technology with the needs of agents, buyers, and renters.”
In my opinion, proptech is currently in the foothills. With new technologies scaling up, everything that touches the asset class of property is going to be digitally redefined and powered by great minds solving big problems.
Being lucky enough to be heavily involved with the REACH UK program, and knowing a number of the teams and founders personally, the expertise, knowledge and drive of these pioneers will be equipping the property practitioners of the 2020s, 2030s and onwards with the tools to do things better and more efficient.
Property technology is not here to replace people in real estate, it is here to further their reach and conquer new marketplaces. Many do not realise that residential agency is only a tiny part of real estate story, and the plan, build, and management of property is the big area that innovation is addressing. More so with COP26 and the need to lessen the 10% to 15% of emissions created by actually building property.
It will be interesting to see which companies make the cut for the 2022 cohort and the solutions they will be scaling up.
Inventory Hive becomes two-time EA Masters award-winner
Inventory Hive scooped two huge accolades at the 2021 EA Masters, bringing home the Best Medium Supplier award and Overall Winner of the Best Estate Agency Supplier award.
The awards were given at a glittering EA Masters Awards Conference event, held at Evolution London and presented by Great British Olympic gold medallists Dame Sarah Storey and Tom Dean.
Richard Abbots, CEO and founder of Inventory Hive, commented: “The EA Masters is unique, as the awards are based upon the quality of service that you provide to the customer, who rates you. You can’t ‘buy’ or ‘game’ the system. So people in the property industry know that if you are a big winner, then you must be the very best.”
Peter Knight, Founder of the Property Academy, said: “The EA Masters event had an amazing turnout, and the event went fantastically well. It was great to see Inventory Hive scoop two EA Masters awards, including Best Overall Supplier! Congratulations to Richard and Inventory Hive team! an achievement to be proud of. We can’t wait for the next event already.”
On winning the two awards, Abbots said: “We’re so thrilled to win this award. It’s been a monumental team effort since we started this journey five years ago. The roadmap is so exciting and it’s a joy working with such a talented group of people – our team and our customers. The competition in the room at EA Masters was immense, which makes this even more humbling.”
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