New Valley Ventures

New Valley Ventures functions as an investment vehicle, focusing on identifying and fostering next-generation property technology (PropTech) solutions. It provides capital and industry expertise to promising startups, aiming to modernize real estate practices. The firm facilitates market integration for these companies, bringing innovative tools to the broader real estate community and enhancing the agent experience.

This investment arm officially launched on March 1, 2021, established by Vector Group Ltd., the parent company of Douglas Elliman. Its formation arose from leadership insights, including those of Richard J. Lampen and Scott Durkin, into the evolving demands of real estate professionals. Dan Sachar, serving as Managing Director, spearheads the venture, driven by the critical need for technological advancement in the sector.

New Valley Ventures supports PropTech startups through strategic investment, directly benefiting Douglas Elliman agents and the wider real estate industry. Its central vision is to empower real estate professionals by integrating advanced, streamlined technological solutions. The firm continuously identifies and deploys emerging technologies, fostering future-oriented advancements across the real estate landscape.