Smart home data and analytics provider selected as one of only seven commercial participants, among hundreds of applicants
BETHESDA, MD — April 12, 2023 — Dwellwell, the first data-driven residential diagnostics Software-as-a-Service (SaaS) platform – also known as the First Check Engine Light for the Home (TM) – today announced it has been selected to join the 2023 REACH Commercial program. The highly competitive cohort is comprised of seven participants, chosen from hundreds of applications globally.
Created by Second Century Ventures — the most active global fund in real estate technology — and backed by the National Association of Realtors®, REACH is a technology scale-up program designed to accelerate start-up companies’ growth. The program leverages the association’s more than 1.5 million members and unparalleled network of executives within real estate and adjacent industries to achieve this objective through education, mentoring, events, and peer networking.
“We are thrilled to be selected for the 2023 REACH commercial cohort,” said Dan Simpkins, Dwellwell Co-Founder and CEO. “No other accelerator program can deliver the breadth of capabilities and deep bench of real estate professionals to support our growth. We are eager to benefit from REACH’s knowledge, mentoring, and expert guidance as we take Dwellwell to new heights.”
REACH offers a demonstrated track record of success through prior cohorts. The program has played a significant role in advancing real estate technology through innovations such as digital signatures, data analytics, and financial platforms.
“We work with start-ups whose solutions will benefit real estate professionals across all sectors. Dwellwell’s unique proptech platform, leadership team, and success to-date made them a natural match for our program,” noted Bob Gillespie, Executive Director, REACH Commercial. “Our selection process for REACH is very competitive, receiving applications from across the globe, and we had an outstanding group of applicants this year. We look forward to working with Dwellwell to advance the development and deployment of their platform.”
Dwellwell’s innovative, industry changing smart home product delivers comprehensive diagnostics for the entire home. The SaaS platform helps institutional property owners better understand the overall health of their rental properties and avert costly catastrophes like fire, HVAC failures, and flooding. Combining patent-pending, multi-sensing technology and artificial intelligence, Dwellwell identifies maintenance issues as soon as they arise ‒ and ultimately predicts issues before they occur.
Dwellwell is the first comprehensive Check Engine Light for the Home. The powerful technology diagnoses and alerts residential property owners and managers to irregularities in the performance of core building systems, like HVAC, electrical, plumbing, and even environmental concerns. The SaaS platform provides early detection of issues before they lead to system failure or devolve to catastrophic faults. Built by a team of seasoned tech entrepreneurs, Dwellwell proactively diagnoses issues across an entire building, helping large-scale single-family rental and multifamily owners streamline maintenance, generate cost savings, and improve resident comfort.
REACH is a unique technology scale-up program created by Second Century Ventures, the most active global fund in real estate technology. Backed by the National Association of Realtors®, REACH leverages the association’s more than 1.5 million members and an unparalleled network of executives within real estate and adjacent industries. The REACH program helps technology companies scale across the real estate vertical and its adjacent markets through education, mentorship, and market exposure.