TLDR:
Key Points:
- Clelia Warburg Peters raised $88 million for her proptech venture firm, Era Ventures, focusing on transforming the real estate industry.
- Peters’ experience in real estate led her to launch Era Ventures, which invests in technologies aiming to innovate the industry.
Article Summary:
Industry veteran Clelia Warburg Peters left her role at Bain Capital Ventures to launch Era Ventures, a proptech venture firm that focuses on transforming the real estate industry through innovative technologies. Despite challenges in the real estate market, Peters secured $88 million for her first fund. With a background in real estate and a desire to drive innovation in the industry, Peters invests in startups that aim to revolutionize rather than simply serve existing players.
Her experience with MetaProp, a real estate-focused firm she co-founded in 2014, shaped her approach to investing in Era Ventures. Peters’ decision to have a diverse set of limited partners, including strategic investors and financial-focused organizations, sets Era apart from other proptech funds. The firm has already made investments in startups like HoneyHomes, Viabot, and TrueHold, with a focus on seed to Series B stages.
Partnering with Raja Ghawi, an experienced construction investor, Era Ventures aims to support startups that bring innovation and transformation to the built environment. Peters’ unique perspective and dedication to driving change in the real estate industry set Era Ventures apart in the proptech space.
