Clelia Warburg Peters, Period Ventures’ founder, is the primary girl to lift an preliminary fund of this measurement in the actual property class. The fund will distribute capital throughout varied phases of innovation.
Whether or not it’s refining your small business mannequin, mastering new applied sciences, or discovering methods to capitalize on the subsequent market surge, Inman Join New York will put together you to take daring steps ahead. The Subsequent Chapter is about to start. Be a part of it. Be part of us and hundreds of actual property leaders Jan. 22-24, 2025.
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 varied phases and all kinds of trade improvements, from options that enhance current processes to people who utterly reshape the actual property trade.
TAKE THE INMAN INTEL INDEX SURVEY FOR SEPTEMBER
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 a press release. “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 be daughter of Warburg Realty founder Frederick Warburg Peters. So far, Period Ventures has gained sturdy institutional investor help, together with from ICG Advisors, New York Presbyterian Hospital, The Ashforth Firm, BentallGreenOak (BGO), Continental Normal 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 girl 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 a press release. “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 % annually, and since constructing eat about 30 % 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 a press release. “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 residence gross sales and rental leases
- Homeward, embedded monetary platform for residential actual property transactions
Hardtech
- PassiveLogic, AI-enabled platform for autonomous buildings
- ViaBot, Robotics-as-a-Service facility administration platform
Vertical AI and SaaS
- Indigo, AI-powered platform to facilitate residential actual property transactions
