Second Century Ventures, the venture capital arm of the National Association of Realtors®, made an investment in Updater, a NYC-based digital moving concierge company.
The amount of the deal was not disclosed.
The company intends to use the funds to support growth initiatives, including the acquisition of Bridgevine, a provider of technology for home subscription sign-ups and associated concierge offerings. Bridgevine will become part of Updater’s home services division, helping expand app distribution and enhance its suite of products.
Led by David Greenberg, founder and CEO, Updater provides a moving platform for households to relocate. With Updater, users transfer utilities, forward mail, connect TV and internet, and more. Hundreds of the most prominent real estate companies in the US (from real estate brokerages to multifamily and relocation companies) use its technology to save clients hours with a branded and personalized moving experience.
Updater was a member of Second Century Ventures’ inaugural 2013 REACH Accelerator class, a technology growth program that provides companies with education, mentorship, an insight panel and industry exposure to facilitate their launch into the marketplace.