ActivePipe, a Melbourne-based automated communications platform for the real estate industry, announced that the National Association of Realtors® (NAR) is taking a minor stake in the company and has been chosen as one of only eight companies into the exclusive National Association of Realtors®’ Second Century Ventures 2018 REach® accelerator program.
The REach® program is focused on providing early-to-mid-stage companies with access to NAR’s industry expertise, influence and key relationships as companies are launched into the trillion-dollar US real estate space. .
As America’s largest trade association and with more than 1.3 million Realtors®, the NAR is a leading national body for US real estate agents and brokers. ActivePipe, as one of only two global companies chosen, will participate in the full 12-month program to gain access to the NAR member base and have the opportunity in high level interaction with all NAR member networks.
This announcement comes off the back of a successful $5.9m Series A funding round in February 2018 led by NAB Ventures and PieLab Ventures. ActivePipe’s US market plans has rapidly turned into a reality with an office set up in Austin Texas in March this year.
Ashley Farrugia, CEO of ActivePipe, welcomed the significant opportunity with the National Association of Realtors as global expansion shifts another gear for the Melbourne-born company.
“The opportunity for ActivePipe to be front and centre with NAR’s 1.3 million members will undoubtedly deliver fruitful growth in the US, complementing our current efforts which is already showing great potential,” he said.
“Past participants of the REach program have gained materially by participation in accelerating their US market presence. At ActivePipe, we hope to take full advantage of the opportunities over the next year.”
Mike Feller, US Vice President, ActivePipe, is looking forward to the company’s US expansion.
“ActivePipe’s path in the US is an exciting one. We are aiming to penetrate the US realtor’s community by continuing to develop and finetune our products and services and to make it a must-have property technology for all real estate professionals.