Period Ventures Launches Report-Breaking $88M Actual Property Fund

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Clelia Warburg Peters, Period Ventures’ founder, is the primary girl to boost an preliminary fund of this dimension in the actual property class. The fund will distribute capital throughout varied phases of innovation.

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Proptech venture 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 business improvements, from options that enhance present processes to those who utterly reshape the actual property business.

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Jeffrey Assaf | ICG Advisors

Period is actively seeking to spend money on seven core enterprise fashions the agency believes are driving business 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’re proud to have invested in and to help Period Ventures in its mission to drive transformational change in the actual property sector,” Jeff Assaf, chief funding officer at ICG Advisors, mentioned in an announcement. “We’ve seen specialist enterprise funds constantly outperform in equally complicated sectors like monetary providers and healthcare, and Period’s strategy positions it to drive elementary disruption in a large, but technologically lagging, business.”

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. To date, Period Ventures has gained robust institutional investor help, 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 associate at Bain Capital Ventures for practically two years. Peters is now the primary girl to boost 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 necessity for a brand new strategy to bodily world innovation that mixes the creativity and high quality of the generalist investing strategy with the sector data and relationships introduced by specialist funds,” Peters mentioned in an announcement. “Period Ventures is leveraging our distinctive mix of institutional backing, top-tier enterprise expertise, and deep actual property experience to carry each rigor and care to driving transformational change within the bodily world.”

Raja Ghawi | Period Ventures

As development exercise continues to develop incrementally by about 1 % annually, and since constructing eat about 30 % of worldwide vitality, Period argues that innovation is urgently required.

“Period will not be about taking part in it secure — we’re not simply seeking to digitize previous processes in actual property and development,” Raja Ghawi, associate at Period Ventures, mentioned in an announcement. “As innovation in our constructed world enters a brand new era, we consider founders and startups will be taught from. their predecessors’ errors, bringing extra transformational, environment friendly and worthwhile companies to market.”

The agency’s inaugural fund has already backed founders within the following areas:

Marketplaces and tech-enabled providers

Honey Homes, digital handyman subscription service supplier
Latii, cross-border construction-materials market
Welcome Homes, 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 business
Truehold, single-family rental firm that mixes house gross sales and rental leases
Homeward, embedded monetary platform for residential actual property transactions