TLDR:
- Era Ventures has closed an $88 million inaugural investment fund, the largest first-time raise by a female-led proptech-focused venture capital firm.
- The firm plans to deploy the capital across multiple stages and technologies, focusing on disrupting the proptech industry.
Era Ventures, a proptech-focused venture capital firm, founded by Clelia Warburg Peters, has secured $88 million for its inaugural investment fund. This is the largest raise by a real estate technology VC firm led by a woman. The firm has garnered support from leading institutional investors like ICG Advisors, New York-Presbyterian Hospital, and Bain Capital Ventures. Era Ventures plans to invest in various technologies disrupting the proptech industry, including SaaS, AI, marketplaces, and fintech ventures. The firm’s current portfolio includes companies like Honey Homes, Welcome Homes, and Shepherd.
Peters, the managing partner of Era Ventures, aims to catalyze a fundamental reimagining of the built world by backing founders creating innovative solutions in the real estate sector. One of the firm’s latest investors, ICG Advisors, sees Era Ventures as a key player in driving transformational change in the industry. Proptech startup founder, Justin Levine, CEO of Shepherd, commended Era Ventures for their knowledge and expertise in real estate and construction technology. The firm’s partner, Raja Ghawi, emphasizes the focus on bringing transformational, efficient, and profitable businesses to market. Overall, Era Ventures is not just digitizing old processes but aiming for major disruption in the real estate industry.
