Source: Tech Funding News

The firm garnered support from a slew of institutional investors, including one of the country’s leading Ivy League Endowments, 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 others.

The VC firm will deploy the capital across multiple stages and a full spectrum of sector-focused innovations, from enablement technologies that improve existing processes to truly disruptive platforms that reshape the industry. 

“We are proud to have invested in and to support Era Ventures in its mission to drive transformational change in the real estate sector,” said Jeff Assaf, Chief Investment Officer at ICG Advisors, one of the leading multifamily offices in the country. “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.”

Read the full article: https://techfundingnews.com/era-ventures-launches-88m-first-fund-to-disrupt-global-real-estate-industry/