Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    What Real Estate Agents Need To Know About Cognitive Impairment

    December 10, 2024

    Will 2025 finally be a ‘normal’ housing market?

    December 10, 2024

    The Customer Is Always Right, But What If They’ve Been Misinformed?

    December 10, 2024
    Facebook X (Twitter) Instagram
    Trending
    • What Real Estate Agents Need To Know About Cognitive Impairment
    • Will 2025 finally be a ‘normal’ housing market?
    • The Customer Is Always Right, But What If They’ve Been Misinformed?
    • eXp, Weichert say Gibson plaintiffs’ motion is all about attorneys’ fees
    • Americans More Optimistic Home Prices and Mortgage Rates Have Peaked
    • EasyKnock abruptly shuts down its sale-leaseback platform
    • Under-The-Radar NAR Nonprofit May Have Hidden GOP Agenda
    • NAR’s nonprofit funds conservative groups
    Facebook X (Twitter) Instagram
    Industry Movement
    • Home
    • Entertainment
    • Business
    • News
    • Real Estate
    Industry Movement
    Home»Real Estate»Era Ventures Launches Record-Breaking $88M Real Estate Fund
    Real Estate

    Era Ventures Launches Record-Breaking $88M Real Estate Fund

    adminBy adminSeptember 18, 2024No Comments0 Views
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Clelia Warburg Peters, Era Ventures’ founder, is the first woman to raise an initial fund of this size in the real estate category. The fund will distribute capital across various stages of innovation.

    Whether it’s refining your business model, mastering new technologies, or discovering strategies to capitalize on the next market surge, Inman Connect New York will prepare you to take bold steps forward. The Next Chapter is about to begin. Be part of it. Join us and thousands of real estate leaders Jan. 22-24, 2025.

    Proptech venture capital firm Era Ventures has launched its inaugural $88 million real estate fund, it announced on Wednesday.

    The firm will distribute capital across various stages and a wide variety of industry innovations, from solutions that improve existing processes to those that completely reshape the real estate industry.

    TAKE THE INMAN INTEL INDEX SURVEY FOR SEPTEMBER

    Jeffrey Assaf | ICG Advisors

    Era is actively looking to invest in seven core business models the firm believes are driving industry change, including (but not limited to) software as a service (SaaS) and artificial intelligence (AI), marketplaces, embedded fintech and hardtech ventures leveraging new technologies to optimize physical assets.

    “We are proud to have invested in and to support Era Ventures in its mission to drive transformational change in the real estate sector,” Jeff Assaf, chief investment officer at ICG Advisors, said in a statement. “We’ve seen specialist venture funds consistently outperform in similarly complex sectors like financial services and healthcare, and Era’s approach positions it to drive fundamental disruption in a massive, yet technologically lagging, industry.”

    The firm was founded in 2022 by real estate vet Clelia Warburg Peters, who is also daughter of Warburg Realty founder Frederick Warburg Peters. Thus far, Era Ventures has gained strong institutional investor support, including from ICG Advisors, New York Presbyterian Hospital, The Ashforth Company, BentallGreenOak (BGO), Continental General Insurance Company (CGIC), Pelwood Holdings, First American, Bain Capital Ventures, Fenwick & West LLP, and more.

    Clelia Warburg Peters | Era Ventures

    Peters has long been involved in proptech, having co-founded proptech fund MetaProp in 2015 and then served as a venture partner at Bain Capital Ventures for nearly two years. Peters is now the first woman to raise an initial fund of this amount in the real estate category. Additionally, Peters has served as an Inman Contributor and editor-at-large, and is a frequent moderator and speaker at Inman events.

    “I’ve seen firsthand the need for a new approach to physical world innovation that combines the creativity and quality of the generalist investing approach with the sector knowledge and relationships brought by specialist funds,” Peters said in a statement. “Era Ventures is leveraging our unique blend of institutional backing, top-tier venture experience, and deep real estate expertise to bring both rigor and care to driving transformational change in the physical world.”

    Raja Ghawi | Era Ventures

    As construction activity continues to grow incrementally by about 1 percent each year, and since building consume about 30 percent of global energy, Era argues that innovation is urgently required.

    “Era is not about playing it safe — we’re not just looking to digitize old processes in real estate and construction,” Raja Ghawi, partner at Era Ventures, said in a statement. “As innovation in our built world enters a new generation, we believe founders and startups will learn from. their predecessors’ mistakes, bringing more transformational, efficient and profitable businesses to market.”

    The firm’s inaugural fund has already backed founders in the following areas:

    Marketplaces and tech-enabled services

    • Honey Homes, digital handyman subscription service provider
    • Latii, cross-border construction-materials marketplace
    • Welcome Homes, platform to manage and build custom homes online
    • Ostrich, next-gen real estate listing service based in the UK

    Fintech

    • Shepherd, embedded insurance platform for the construction industry
    • Truehold, single-family rental company that combines home sales and rental leases
    • Homeward, embedded financial platform for residential real estate transactions

    Hardtech

    • PassiveLogic, AI-enabled platform for autonomous buildings
    • ViaBot, Robotics-as-a-Service facility management platform

    Vertical AI and SaaS

    • Indigo, AI-powered platform to facilitate residential real estate transactions

    Email Lillian Dickerson





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    admin

    Related Posts

    What Real Estate Agents Need To Know About Cognitive Impairment

    December 10, 2024

    Will 2025 finally be a ‘normal’ housing market?

    December 10, 2024

    The Customer Is Always Right, But What If They’ve Been Misinformed?

    December 10, 2024
    Leave A Reply Cancel Reply

    Recent Posts
    • What Real Estate Agents Need To Know About Cognitive Impairment
    • Will 2025 finally be a ‘normal’ housing market?
    • The Customer Is Always Right, But What If They’ve Been Misinformed?
    • eXp, Weichert say Gibson plaintiffs’ motion is all about attorneys’ fees
    • Americans More Optimistic Home Prices and Mortgage Rates Have Peaked
    Recent Comments
      Archives
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      Categories
      • Business
      • Entertainment
      • News
      • Real Estate
      Meta
      • Log in
      • Entries feed
      • Comments feed
      • WordPress.org
      Demo
      Top Posts

      How To Avoid These 12 Costly Business Traps

      November 30, 202430

      Gen Zer Won NYC Housing Lottery, Pays $1.6K Rent for Queens Apartment

      October 1, 202427

      SEC Chair Gary Gensler will step down Jan. 20, making way for Trump replacement

      November 21, 202424

      Better Pay, More Time Off: What Real Estate Agents Want This Labor Day

      August 31, 202424
      Don't Miss
      Real Estate

      What Real Estate Agents Need To Know About Cognitive Impairment

      By adminDecember 10, 20245

      Senior real estate specialist Nikki Buckelew writes that understanding cognitive impairment among seniors is about…

      Will 2025 finally be a ‘normal’ housing market?

      December 10, 2024

      The Customer Is Always Right, But What If They’ve Been Misinformed?

      December 10, 2024

      eXp, Weichert say Gibson plaintiffs’ motion is all about attorneys’ fees

      December 10, 2024
      Stay In Touch
      • Facebook
      • Twitter
      • Pinterest
      • Instagram
      • YouTube
      • Vimeo

      Subscribe to Updates

      Get the latest creative news from SmartMag about art & design.

      Demo
      Our Picks

      What Real Estate Agents Need To Know About Cognitive Impairment

      December 10, 2024

      Will 2025 finally be a ‘normal’ housing market?

      December 10, 2024

      The Customer Is Always Right, But What If They’ve Been Misinformed?

      December 10, 2024
      Most Popular

      How To Avoid These 12 Costly Business Traps

      November 30, 202430

      Gen Zer Won NYC Housing Lottery, Pays $1.6K Rent for Queens Apartment

      October 1, 202427

      SEC Chair Gary Gensler will step down Jan. 20, making way for Trump replacement

      November 21, 202424
      Legal Pages
      • About Us
      • Disclaimer
      • DMCA Notice
      • Privacy Policy

      Type above and press Enter to search. Press Esc to cancel.