John Backes and Sean Caho believe that Dallas should be the epicenter of real estate technology. Together they have founded an accelerator to help early stage real estate technology companies get access to funding and resources. Since announcing on 6/23, The Motive accelerator has received 45 applications and raised $2 million in funding for the first class slated to take place soon. Companies accepted into the accelerator get an initial $40k investment with opportunities to access additional convertible note funding.
Coming off the heels of successful involvement with Dallas Startup Week this past spring, Motive will have a demo day event this November in conjunction with Disrupt CRE.
“We wanted to create a platform and build upon the positive momentum creating real opportunities for startups, creatives, technologists, and real estate professionals,”
Dozens of startups are here, and we have an incredibly accessible investor community. Dallas real estate tech is one of the great untold stories in the country. We are going to change that. said Backes.”
If you’re an early stage real estate technology startup, you have until August 2nd to get your application in.
I will be providing more in depth information on Motive in upcoming posts, including a live broadcast from the demo day in November.