Period Ventures launches record-breaking $88M actual property fund

Clelia Warburg Peters, Period Ventures’ founder, is the primary lady to lift an preliminary fund of this dimension in the actual property class. The fund will distribute capital throughout numerous levels of innovation.

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Proptech enterprise capital agency Period Ventures has launched its inaugural $88 million actual property fund, it introduced on Wednesday.

The agency will distribute capital throughout numerous levels and all kinds of trade improvements, from options that enhance present processes to those who fully reshape the actual property trade.

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Jeffrey Assaf | ICG Advisors

Period is actively trying to put money into seven core enterprise fashions the agency believes are driving trade change, together with (however not restricted to) software program as a service (SaaS) and synthetic intelligence (AI), marketplaces, embedded fintech and hardtech ventures leveraging new applied sciences to optimize bodily belongings.

“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 funding officer at ICG Advisors, stated in an announcement. “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 agency was based in 2022 by actual property vet Clelia Warburg Peters, who can also be daughter of Warburg Realty founder Frederick Warburg Peters. Up to now, Period Ventures has gained sturdy institutional investor assist, together with from ICG Advisors, New York Presbyterian Hospital, The Ashforth Firm, BentallGreenOak (BGO), Continental Basic Insurance coverage Firm (CGIC), Pelwood Holdings, First American, Bain Capital Ventures, Fenwick & West LLP, and extra.

Clelia Warburg Peters | Period Ventures

Peters has lengthy been concerned in proptech, having co-founded proptech fund MetaProp in 2015 after which served as a enterprise accomplice at Bain Capital Ventures for practically two years. Peters is now the primary lady to lift an preliminary fund of this quantity in the actual property class. Moreover, Peters has served as an Inman Contributor and editor-at-large, and is a frequent moderator and speaker at Inman occasions.

“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 stated in an announcement. “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 | Period Ventures

As development exercise continues to develop incrementally by about 1 p.c annually, and since constructing eat about 30 p.c of world power, Period 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, accomplice at Period Ventures, stated in an announcement. “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 agency’s inaugural fund has already backed founders within the following areas:

Marketplaces and tech-enabled providers

Honey Houses, digital handyman subscription service supplier
Latii, cross-border construction-materials market
Welcome Houses, platform to handle and construct customized properties on-line
Ostrich, next-gen actual property itemizing service primarily based within the UK

Fintech

Shepherd, embedded insurance coverage platform for the development trade
Truehold, single-family rental firm that mixes house gross sales and rental leases
Homeward, embedded monetary platform for residential actual property transactions