TLDR: Era Ventures Launches $88 Million Fund
Key Points:
- Era Ventures launched an $88 million fund focused on investing in business model innovations in the built world.
- The fund has garnered support from leading institutional investors and aims to drive transformational change in the real estate sector.
Era Ventures, a venture capital firm, recently announced the launch of its inaugural $88 million fund. The firm, founded by Clelia Warburg Peters, aims to invest in a broad range of business model innovations that catalyze positive change in the built world. The fund will deploy capital across multiple stages and sectors, focusing on innovations like SaaS and AI, marketplaces, embedded fintech, and hardtech ventures leveraging new technologies to optimize physical assets.
The fund has already attracted support from leading institutional investors such as ICG Advisors, New York Presbyterian Hospital, and Bain Capital Ventures. This achievement is notable as very few new venture funds of this size were raised in the current year.
Clelia Warburg Peters, the founder and Managing Partner at Era Ventures, is a leading investor in the PropTech space and the first woman to raise an initial fund of this size in the category. She believes that Era Ventures’ unique approach combining institutional backing, venture experience, and real estate expertise will drive transformational change in the physical world.
With a focus on the real estate industry, which has traditionally resisted technological disruption, Era Ventures aims to support transformative startups that reimagine how we build, manage, and interact with our physical environment. The fund has already backed companies across various stages and sectors, including marketplaces, fintech, and hardtech ventures.
Overall, Era Ventures seeks to collaborate with companies that have the potential to disrupt outdated business models and create new systems in the global real estate industry. Through its investments, the firm aims to drive fundamental disruption and innovation in an industry that has long been in need of change.
