Era Ventures Secures $88M to Innovate the Built Environment”

Era Ventures’ Vision

Clelia Warburg Peters, a seasoned real estate professional, launched her own proptech venture firm, Era Ventures, raising $88 million for its first fund. Unlike traditional proptech funds, Era Ventures focuses on transformative technologies rather than incremental industry improvements.

Investors and Strategy

Backed by major institutions such as New York Presbyterian Hospital and Bain Capital Ventures, Era Ventures aims for high financial returns without relying on strategic limited partners. Peters’ experience with MetaProp and Bain Capital Ventures shaped her vision for this new venture.

Portfolio and Focus

Era Ventures has already invested in 10 startups, including HoneyHomes and Viabot, with investments ranging from seed to Series B. The firm is co-led by construction investor Raja Ghawi, enhancing their focus on innovation in the built environment.