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Second Century Ventures

Second Century Ventures (SCV), the strategic investment arm of the National Association of REALTORS®, is the most active global real estate technology fund.

Second Century Ventures logo

Second Century Ventures

Second Century Ventures (SCV), the strategic investment arm of the National Association of REALTORS®, is the most active global real estate technology fund. SCV helps scale its portfolio companies across the world's largest industries including real estate, financial services, banking, home services, and insurance, and operates the award-winning global REACH technology scale-up program. SCV manages the award-winning REACH scale-up program with operations in the U.S., Australia, Canada, and the UK.

General information

Firm type

Venture Capital

Year founded

2009

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Chicago

Corporate office

Chicago, United States

Principals

Tyler Thompson

Managing Partner

Dave Garland

Managing Partner

Mark Birschbach

Managing Director

Sector focus

PropTechFinTechInsurTechAI/MLCybersecurityEnterprise SoftwareDigital HealthMobility & Transportation

Frequently asked questions

How is Second Century Ventures related to the National Association of REALTORS®?

Second Century Ventures is the strategic investment arm of NAR, the largest trade association in North America. NAR backs SCV and provides its portfolio companies with direct access to NAR's membership network, which spans residential and commercial practitioners, as well as its 100+ bilateral partnerships across 70+ countries. This relationship turns NAR's industry footprint into a proprietary distribution and adoption channel for portfolio companies.

How does SCV source proprietary deal flow?

SCV uses its parent association's global network as an early-warning system to spot technology companies before they broadly market to real estate. The firm's REACH accelerator programs across six international markets — Australia, Canada, LATAM, Israel, the Middle East, and the UK — generate an additional pipeline of early-stage founders entering the real estate vertical. Corporate partnerships with more than 1,000 organizations further broaden the top of the funnel.

Does SCV participate in fund commitments or only direct deals?

SCV primarily makes direct venture investments in early- to mid-stage technology companies. The firm also operates REACH, a hands-on growth and accelerator program that supports early-stage founders new to real estate, with 200+ companies graduated to date. SCV does not publicly market a fund-of-funds strategy, but its REACH program functions as a parallel pipeline that can precede or complement direct investment.

What investment stages does SCV target?

SCV describes its approach as round-agnostic but concentrated on early- to mid-stage companies with proven traction and validated product-market fit. The REACH accelerator program explicitly supports seed- and early-stage founders entering real estate technology, while the main fund can participate in growth rounds for companies demonstrating scalable, cross-industry utility.

How does SCV differentiate itself from generalist venture capital firms?

SCV's NAR affiliation gives portfolio companies an embedded industry adoption pathway that generalist VCs lack. Rather than relying solely on financial returns, SCV can accelerate a startup's entry into the residential and commercial real estate markets through NAR's practitioner network, corporate partners, and regional programs. That distribution advantage functions as a non-financial return that can compress a portfolio company's time-to-scale.

Which sectors does SCV focus on?

SCV invests in technology companies with broad cross-industry utility that can attach to real estate. Primary sectors include artificial intelligence, digital platforms and marketplaces, fintech and insurtech as applied to property transactions, and cybersecurity. The firm explicitly references past deployments in digital experience and security, with DocuSign and Notarize as known examples.

What is the relationship between SCV and its REACH accelerator?

REACH is a proprietary 8-month growth program that SCV created in 2013 to introduce technology companies to the real estate vertical. It operates across six international markets plus a dedicated REACH Commercial track. With over 200 graduates and 32 exits, REACH serves as both a pipeline and a proving ground, with participating companies achieving a reported 136% average revenue growth rate during the program and gaining access to NAR's practitioner network.

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