Irvine's Revive Named Winner of 2022 PitchBattle Competition
NAR Names Revive the Winner of 2022 Pitch Battle Competition at iOi Summit
Irvine, CA – The National Association of Realtors® announced Revive as the winner of its fourth annual “Pitch Battle” competition at the 2022 Innovation, Opportunity & Investment (iOi) Summit, held in Los Angeles.
Irvine, CA-based Revive Real Estate, a member of the OC Startup Council, offers the most complete presale home renovation solution for sellers and cash-backed offer programs for buyers. Revive topped 12 hot PropTech startups, including unicorn startup, Pacaso, a marketplace for second home fractional ownership.
iOi Pitch Battle contestants competing also included Agently, an AI-powered coaching and productivity platform; Arx, an investment decision-making engine for the real estate industry; CubiCasa, a market leader in mobile indoor scanning with its floor plan app; Fractional, a marketplace for friends and investing communities for fractional real estate ownership; Inspectify, a property inspection and evaluation platform; Prisidio, a cloud-based vault to securely store and organize essential documents; RentBase, a rental platform for lease workflow and sales; Residently, offering renters their next home months in advance of a move; Stake, which helps renters build their savings; and Symba, a financial well-being solution for real estate agents.
NAR’s strategic investment arm, Second Century Ventures, hosted this year’s Pitch Battle competition, providing an opportunity for 12 finalists to showcase innovative new tools and resources for commercial and residential real estate marketplaces.
The top prize was awarded to Revive, a fast-growing startup with a mission to guide sellers through presale renovations to sell their homes for more. The company, founded in 2019 and headed by cofounders Michael Alladawi and Dalip Jaggi, uses a next-generation approach to home preparations that enables sellers to make the most practical and impactful updates without the upfront cost and uncertainty generally associated with home improvements.
“This year’s Pitch Battle saw some of the most promising PropTech startups showcase their innovations to a crowd of stakeholders ranging from global investors to futurists to real estate professionals,” said NAR CEO and SCV President Bob Goldberg. “Revive embodies the essence of iOi and our Pitch Battle – the products and services on display today will have a tremendous impact on consumers and real estate agents. I’m thrilled we have this opportunity to promote the progress unfolding in the market, and I congratulate Revive on the well-deserved victory.”
In its pitch, Revive highlighted the hands-on approach it takes to help home sellers maximize the return on investment.
Founder and CEO Michael Alladawi explained how his company has developed processes, technology and expertise to guide homeowners and Realtors® when creating their plans for renovations. Revive provides capital at no upfront cost to the homeowner and a vetted, high quality contractor to execute those plans.
In addition to the considerable exposure, Revive will be awarded $15,000, a booth at NAR's annual conference in November (NAR NXT) and will present the next Pitch Battle winner at the 2023 iOi Summit.
The Pitch Battle’s Crowd Favorite, as voted on by the in-person and virtual audience, was awarded to Stake, an innovative loyalty program delivering cash back for renters. Currently available in 30,000 homes nationwide, Stake empowers renters to save, build wealth, and unlock free and equitable banking services.
During the company’s pitch, Co-Founder and CEO Rowland Hobbs explained how rental communities that offer Stake outperform with dramatically improved demand, loyalty and retention.
The National Association of Realtors® is America’s largest trade association, representing more than 1.5 million members involved in all aspects of the residential and commercial real estate industries.
Second Century Ventures (SCV) is the most active global real estate technology fund. Backed by NAR, SCV leverages the association's more than 1.5 million members and an unparalleled network of executives around the globe. SCV helps portfolio companies grow across the world's largest industries including real estate, financial services, banking, home services and insurance. SCV also operates the award-winning REACH scale-up program in the U.S., Canada, Australia and the UK.
SOURCE: WAV Group Communications
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