Matrix Partner TJ Parker, co-founder and CEO of PillPack, will join the board

SÃO PAULO, Sept. 19, 2024 — Mevo, a leading digital prescription platform in Brazil, today announced it has raised $19M USD ($110M BRL) in new venture funding. Mevo allows patients to easily access their prescriptions and purchase medications through a user-friendly mobile interface. The round was led by Matrix, with participation from Jefferson River Capital (former Blackstone President and current Costco chairman, Tony James’ family office). Mevo had raised a SAFE in December 2023 in preparation for its Series B, which has now been converted, and was anchored by current investor Floating Point, with the participation of other current investors, including IKJ Capital. Notable new investors include Elliot Cohen, former Amazon Pharmacy leader and PillPack cofounder. TJ Parker, Partner at Matrix Partners and fellow cofounder of PillPack (acquired by Amazon), will join Mevo’s board of directors.

Prior to Mevo’s launch, prescriptions in Brazil were entirely paper-based and the lack of digital integration contributed to unfilled prescriptions and poor outcomes. Mevo’s technology enables healthcare providers in Brazil to issue digital prescriptions which patients can then use to purchase prescriptions at any pharmacy of their choice, including at Mevo’s own pharmacy marketplace. Today, over 10 million patients have received at least one Mevo prescription and all Brazilian pharmacies (more than 80,000) accept and can process a Mevo prescription.

Once a customer has a Mevo e-prescription, they can buy medications with just three clicks and receive it via delivery in ~60 minutes from Mevo’s pharmacy partners or they can choose to buy them from their preferred pharmacy retailer. Mevo’s flexibility and ease of use are designed to improve patient experience and medication adherence. Mevo integrates with health information, electronic medical record, telemedicine and healthcare providers. Currently it has over 250 B2B partnerships with these providers in all 26 Brazilian states and Federal District in both public and private health sectors.

Mevo plans to use the funding to:

• Expand its network of healthcare provider partners
• Enhance its digital prescription and pharmacy marketplace platform
• Explore additional healthcare services beyond the fulfillment of prescriptions

“This investment will allow us to expand our network and introduce new product offerings that continue to improve the customer experience,” said Pedro Dias, CEO and co-founder of Mevo. “We’re focused on offering Brazilians a better way to access healthcare. Mevo is already serving millions and we see a path to everyone across the country managing their health needs from their mobile devices, with security and ease.

“From day one, the Mevo team has shown the vision and grit necessary to create a core piece of digital infrastructure for the entire Brazilian healthcare system,” said John Loser, co-founder and General Partner, Floating Point. “They’ve made extraordinary progress towards that goal, and with this new funding they are well-positioned to capture one of the few true winner-take-all opportunities in healthcare.”

“Mevo is addressing a critical need in the Brazilian healthcare market: modernizing and digitizing the way people access prescriptions,” said Parker. “I’m inspired by their focus on the customer experience and dedication to making it simple for people in Brazil to get the healthcare they need. We know first-hand that unlocking pharmacy is a strong foundation for exceptional healthcare experiences, and I’m looking forward to seeing what Pedro and the team can build from here.” 

About Mevo
Founded in 2017, Mevo was created to become the infrastructure for e-prescriptions in Brazil, addressing a critical need where over 150 million Brazilians are still holding a handwritten medical prescription. The company aims to simplify and improve the experience for:

• Patients – Mevo’s e-prescription also allows to search and order their drugs and exams prescribed, enabling better adherence to their treatment and care
• Healthcare professionals – Mevo’s clinical support tools reduce bureaucratic processes and error. One study showed that during one year of usage, doctors reported 33% fewer detrimental drug interactions.
• Healthcare providers – Mevo makes it possible to structuring relevant digital prescription data that was nonexistent within the paper-only reality. This helps hospitals and clinics better serve patients with real-time information and analysis.

About Matrix 
Matrix Partners is an early-stage venture capital firm, investing from idea through Series A. As a close-knit team of former founders and company builders, we’ve partnered with companies from Apple and FedEx to Oculus and Canva. We’re contrarians who invest with conviction, working with founders who have deep technical expertise and a specific vision of the future. matrix.vc

Media Contact:
Jacquelyn Miller
9783143146
[email protected]

SOURCE Mevo

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The Startup Partnered With The New York-Based Growth Equity Firm To Accelerate Growth And Strengthen Their Proactive Approach To Health Insurance. 

MEXICO CITY, Sept. 19, 2024 — Koltin, the first company in Mexico to offer private health insurance coverage to seniors, announced today the closing of a $7.3M Series A funding round led by Left Lane Capital. This latest round, which includes participation from previous investors, will fuel Koltin’s mission to improve the health and financial resilience of  aging Mexicans and their families.

Co-founders Eduardo Ortiz and Carmen Rosillo started the company after their grandparents were denied private health insurance due to their age. By bundling traditional insurance coverage and personalized, proactive care, Koltin is able to grant access to health insurance to this overlooked segment of the population for the first time.

Koltin has quickly established itself as the best – and at times only – alternative for older Mexicans looking for world-class care. After partnering with one of the largest insurance carriers in the country, members of Koltin have access to major medical health insurance coverage, dedicated team-based care, and tech-enabled personalized health aging plans. The company’s unique approach allows patients to interact with care teams virtually and via WhatsApp, with in-person support during annual check-ups and emergency hospitalizations.

“Koltin members are already experiencing better health outcomes. In fact, 3 in 5 customers say that their quality of life has improved thanks to Koltin and over 75% would feel ‘very disappointed’ if they couldn’t have access to Koltin anymore,” said Eduardo Ortiz, Founder and CEO of Koltin. “Partnering with Left Lane Capital is an incredible opportunity for us to reach more and more families in Mexico, while continuing to innovate on our technology-driven care model”. 

The Series A raise follows a year of rapid growth for Koltin, which underscores the strong demand for its services. Since their launch in 2022, the company has thousands of happy customers.

Rachel Schow, Vice President at Left Lane Capital, led the deal and will join Koltin’s board. “Eduardo and the Koltin team are the first to offer a comprehensive solution for seniors in Mexico, combining tailored care plans from a dedicated clinical team with personalized insurance coverage. Their proactive approach is not only addressing the needs of an underserved population, but also unlocking a significant opportunity to improve health outcomes and transform how seniors afford their care. We’re excited to support them as they lead this important shift.”

About Koltin

Koltin is the only company in Mexico dedicated to advancing the health of older adults and the financial resilience of their families. For the first time, people over 50 – the fastest growing age segment in the country – have access to private health insurance and proactive, personalized, and tech-enabled healthy aging support. For more information, please visit www.koltin.mx.

About Left Lane Capital

Left Lane Capital is a New York-based global venture capital and growth equity firm investing in high-growth internet and consumer technology companies. Left Lane’s mission is to partner with extraordinary entrepreneurs creating category-defining businesses fundamental to the human condition and spirit. Previous investments include Pets Table, GoStudent, Masterworks, M1 Finance, Talkiatry, Bilt, Wayflyer, Blank Street, and more. For more information, please visit www.leftlane.com.

SOURCE Koltin

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SAN FRANCISCO, Sept. 19, 2024 — Mercor announces a $30 million Series A at a $250M valuation. The round was led by Victor Lazarte and Bill Gurley at Benchmark, with participation from General Catalyst, Peter Thiel, Jack Dorsey, Adam D’Angelo, Larry Summers, Chris Re, and others. Victor Lazarte at Benchmark will be joining the board to continue supporting Mercor’s growth and development.

Mercor is an AI hiring platform that enables top tech companies and leading AI labs to hire experts across software engineering, law, chemistry, finance, and many other professions.

“We believe that every applicant deserves the opportunity to be interviewed when applying for jobs,” said Brendan Foody, Mercor’s co-founder and CEO. “The current hiring process selects candidates based on traditional resume signals, and not human ability. AI can do better.”

Co-founders Brendan Foody, Adarsh Hiremath, and Surya Midha met in high school in the Bay Area doing competitive debate, and began ideating on company-building as college freshmen at Georgetown and Harvard. In 2023, they dropped out and began building Mercor. Earlier this year, all three founders received the Thiel Fellowship.

Since their launch, they’ve added upwards of 300,000 people to their candidate pool and created thousands of jobs globally. The team uses AI models to better assess a candidate’s skill set and predict their ability to perform well in a given role.

To celebrate their recent progress and funding announcement, Mercor is offering free resume and interview feedback for everyone, a resource that has been traditionally unattainable or expensive for candidates.

To join the workforce and learn more about Mercor, visit work.mercor.com.

CONTACT: Khushi, [email protected]

SOURCE Mercor

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Carbon transformation company with initial sights set on decarbonizing commercial aviation scales operations including construction on a first-of-a-kind sustainable jet fuel facility in Washington state

BERKELEY, Calif., Sept. 19, 2024 — Twelve, the carbon transformation company that converts captured carbon dioxide into valuable chemicals, fuels, and other essential products typically made from fossil fuels, today announced $645 million in funding. This raise is a strategic mix of capital which includes $400 million in project equity led by TPG Rise Climate, $200 million in Series C financing, and an additional $45 million in credit facilities from leading funders in the renewable energy sector marking this as one of the largest financing rounds to date in the e-fuels space.

The funding accelerates Twelve’s goals of defossilizing manufacturing processes, focusing first on emissions generated by aviation. This includes the completion of AirPlant™ One, Twelve’s inaugural sustainable aviation fuel (SAF) plant located in Moses Lake, Washington, which is expected to begin production in 2025. AirPlant One is the first of many facilities throughout the country to make E-Jet® fuel, using the company’s patented technology to produce SAF derived from biogenic CO2, water, and renewable energy sources which achieves lifecycle emissions up to 90% lower than conventional fossil jet fuel.

TPG Rise Climate has committed up to $400 million in project equity financing to support the development of future AirPlants, which will supply Twelve’s E-Jet fuel to customers like Alaska Airlines and International Aviation Group (IAG), parent company of British Airways. Launched in 2021, TPG Rise Climate is a $7.3 billion climate impact fund by alternative asset manager TPG’s global impact investing platform.

“We are drawn to companies and founders that have developed and proven unique solutions to complex problems. Twelve is a clear leader in CO2 conversion technology, which is a core part of the power-to-liquids technology stack and the process we believe represents the long-term, scalable solution for SAF production,” said Jonathan Garfinkel, Managing Partner at TPG Rise Climate.

“The energy transition will require a clean alternative to traditional jet fuel. SAF demand continues to grow, and we look forward to partnering with Twelve to build world class capabilities and facilities to meet that demand,” added Elizabeth Stone, Principal at TPG Rise Climate and a member of Twelve’s board of directors.

In addition to project equity financing, TPG is leading Twelve’s Series C round alongside Capricorn Investment Group and Pulse Fund. Twelve has raised approximately $200 million with Fifth Wall, northstar.vc, TGVP, Alaska Airlines’ investment arm Alaska Star Ventures, and existing investors, such as Series B lead investor DCVC, Munich Re Ventures, Emerson Collective, and others.

“Over the last several years we have appreciated getting to know the team at Twelve. Together we are building a multi-level partnership to expand supply, mature the market for SAF, and to soon use their E-Jet fuel in our operations,” said Diana Birkett Rakow, senior vice president of public affairs and sustainability at Alaska Airlines. “Twelve’s technology is promising in the pursuit of long-term scalable supply of SAF. In order to meet our company’s – and our industry’s – ambitious decarbonization goals, we need new technologies like the one Twelve has developed and commercialized. We are excited to be part of this round of forward-looking funders to make a more sustainable future for aviation possible.”

Most recently, Twelve also raised $45 million in total loans across two lenders. Clean energy investment firm Fundamental Renewables provided a $25 million construction loan, and multinational bank Sumitomo Mitsui Banking Corporation closed a $20 million green loan in support of Twelve’s carbon transformation technology.

“Our financing strategy has been to build a comprehensive capital stack that enables us to deliver product to customers at scale while continually driving down costs,” said Nicholas Flanders, Chief Executive Officer at Twelve. “We’re proud to work with visionary financing partners and collaborators who share our commitment to deploying first of a kind technologies that address climate change at scale.”

MEDIA CONTACT
[email protected]
‪(510) 863-4385

ABOUT TWELVE
Twelve is the carbon transformation company. We’re on a mission to eliminate global emissions and build a fossil-free future. Carbon transformation uses CO2 to displace fossil fuels as a feedstock. Learn more at www.twelve.co. To view the press kit, visit here.

SOURCE Twelve Benefit Corporation

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FALLS CHURCH, Va., Sept. 19, 2024 — Canopie, a prevention-focused maternal health company, has raised $3.7M with its Seed Round, co-led by Beta Boom and Aeroflow Health, a strategic partner. Additional investors include the Sorenson Institute, Luminary Impact Fund, Symphonic Capital, Techstars, and a family office. Funds will be used to expand personalized, virtual mental health care covered by insurance and address social drivers of health (SDoH) for moms across all levels of risk in the United States.

“I feel so proud. We have a lot of momentum to deepen our impact while expanding the services we provide,” Anne Wanlund, Founder and CEO of Canopie, said. “Our focus has been on prevention because it’s the right thing to do – most maternal mental health conditions, and maternal health complications, are preventable. And we are seeing progress around how these challenges are being prioritized and paid for by our healthcare partners.”

Canopie’s platform provides one-on-one behavioral health assessments, care management, on-demand programs, and clinician-led virtual classes. Canopie screens and engages expecting mothers early and provides insights to care partners in real time to improve health outcomes.

“Anne is a brilliant and empathetic leader who people want to follow,” Kimmy Paluch, Managing Partner at Beta Boom, commented. “They are drawn to her, not only for her vision, but because she cares deeply for her team and the patients that she is helping through Canopie.”

Canopie’s core on-demand therapeutic program was developed by perinatal clinical psychologists, physicians, researchers, and new moms and is underpinned by 7 meta-analyses and 50 randomized control trials.

In a recent case study with GuideWell, the parent company of Florida Blue, 89% of members engaged in Canopie’s core program, 100% of program completers reported improved mood, and 79% of surveyed members attributed Canopie to increased care-seeking behaviors. Black, Latina, and resource-constrained moms were the highest engagers and reported the most benefit.

“What drew me to Canopie was Anne’s passion to ‘bring joy to the journey’ and her ‘failure is not an option’ level of commitment in the pursuit of patient-centric solutions,” said President of Aeroflow and Canopie Board Member Scott Sonnone. “The synergies between our companies present a unique opportunity to genuinely impact maternal health on a population level and give me so much faith in Canopie’s ability to grow and succeed.”

For all press inquiries, contact Hannah Young at [email protected].

SOURCE Canopie

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NEW YORK, Sept. 18, 2024 — As Q4 fast approaches, NewCo Capital Group (“NewCo”) and Australia-based Bizcap are finalizing year-end initiatives to strategically position both companies for an ambitious expansion in 2025.

Both companies have celebrated a highly successful 2024, marked by remarkable and accelerated growth. This momentum has been driven by Bizcap’s unique Line of Credit product, NewCo’s introduction of their “Line of Capital” product and the launch of NewCo’s new mobile app. CEO Albert Gahfi emphasized the importance of closing 2024 on a high note to set the stage for future growth. “We’ve had an exceptional year so far, but our focus is on what comes next. We’re building the foundation for 2025 and beyond, ensuring that NewCo and Bizcap are positioned for continued global expansion.”

The plan for Q4 includes deepening their presence in existing markets while making calculated moves into new territories, including Singapore, Germany, and Luxembourg. “There are new opportunities in emerging markets that are currently underserved, where we believe we can make a significant impact. As a result, 2025 promises to be an exciting year for SMB financing globally.”

By reinforcing their operational and technological infrastructure, the companies are preparing to meet the demands of a rapidly evolving global financing landscape. “2024 has been a year of strong growth, but we’re not stopping here,” Gahfi said. “We are focused on delivering innovative financing solutions that not only meet the needs of today but also anticipate the demands of tomorrow. As we head into 2025, we’re ready to expand our reach and provide even more businesses with the capital they need.”

Part of a multinational collaboration, NewCo and Bizcap have successfully deployed over $1.5 billion to over 35,000 businesses worldwide. Gahfi commented, “We’re moving capital faster and more effectively than any other sector and our clients are benefiting from that growth.”

NewCo’s strength lies in its ability to adapt quickly, using a unique mix of proprietary technology, nuanced underwriting, and an experienced risk management team. The companies’ hybrid approach is challenging outdated financing models, making NewCo a preferred partner for SMBs looking for custom capital solutions that truly fit their needs.

“We’re not just growing; we’re leading,” Gahfi added. “As we expand globally, our goal remains the same—helping small businesses scale, create jobs, and thrive.”

With a clear strategy and a relentless focus on delivering value, NewCo Capital Group is primed to deepen its market influence and capitalize on emerging opportunities. As the company prepares for its next wave of market entries, Q4 will serve as a pivotal launchpad for an even more ambitious 2025, setting the stage for continued growth and global leadership.

For more information, visit www.NewCoCapitalGroup.com.

Contact:

NewCo Capital Group
Email: [email protected]
Website: www.NewCoCapitalGroup.com

SOURCE NewCo Capital Group

• Using type 1 hypervisor technology, Edera offers isolation at the container level, changing the way containers run and making container escapes impossible once and for all
• Companies both large and small can plug Edera in seamlessly and are poised to save millions in cloud costs
• From an all-female founding team to a diverse group of investors and a surprising set of technologies, Edera is anything but the status quo

SEATTLE, Sept. 18, 2024 — Edera, the world’s only secure-by-design Kubernetes and AI solution, today announced it has raised $5 million in a seed round led by 645 Ventures and Eniac Ventures with participation from FPV Ventures, Generationship, Precursor Ventures and Rosecliff Ventures. Angel investors include Joe Beda, Filippo Valsorda, Mandy Andress, Jeff Behl and Kleiner Perkins scout Nikitha Suryadevara, among others.

While Kubernetes turned 10 years-old earlier this year, running secure multi-tenancy workloads remains an unsolved problem that’s costing companies millions of dollars. Edera is introducing a diverse set of technologies with a diverse team of experts to solve what has been the decade’s defining enterprise security challenge.

Edera uses a type 1 hypervisor to offer isolation at the container level for the first time, enabling companies to realize the original promise of Kubernetes and to move quickly to run GPUs for emerging AI workloads. Instead of running containers in Linux namespaces, Edera’s platform treats a container like a virtual machine guest. There is no shared kernel state between containers, and a memory-safe Rust control plane further secures workloads. Edera can be used anywhere users run their containers (public cloud, private cloud and on-premise) and doesn’t require virtualization extensions or custom infrastructure. It’s simple, delivers peace of mind and saves companies millions in cloud costs. 

“Real innovation is rare. It’s more than a new application or gadget. Real innovation is born inside the brains of amazing humans who see a better way to do things, who crack the code and solve the puzzle,” said Hadley Harris, cofounder and general partner at Eniac Ventures. “That’s what is happening at Edera. They’ve assessed hypervisor technologies and new memory-safe principles and the Rust programming language to actually solve one of the biggest security challenges of this era. We couldn’t be more excited to support this work.”

While most enterprises today are using Kubernetes in production, nearly 70 percent have delayed deployments due to security concerns. Nearly 90 percent of those companies have reported at least one Kubernetes or container incident in the last 12 months and half have lost revenue and customers due to security incidents.

The evolution of the cloud and Kubernetes has resulted in security regressions that the industry has accepted as the norm. But as container adoption continues to grow, tools continue to sprawl and security incidents skyrocket, the wasted engineering time and tremendous cloud expense has become untenable.

“While companies have struggled for a decade to secure their Kubernetes workloads using a patchwork of tools and procedures that have never really worked, the answer has been sitting in front of us all along,” said Alex Zenla, CTO and co-founder at Edera. “Our product is built on proven technologies and introduces a memory-safe Rust control plane to radically change the Kubernetes security landscape. We’re incredibly excited to share what we’ve been able to build with our customers and the industry at large.”

Innovative vision will transform enterprise security and save millions of dollars industry-wide

Kubernetes security solutions today focus on detection after an attack occurs. Customers are layering tool upon tool, creating complexity on top of complexity with no real assurances in place. Edera runs containers securely from the start, eliminating the need for expensive, largely ineffective tools, and its paravirtualization mode removes the need for hardware virtualization support meaning you can run secure containers anywhere.

Edera is introducing the world’s only secure-by-design Kubernetes and AI solution to help security engineers eliminate vulnerability exploitation across clusters even before a vulnerability is reported and can become incidents that show up on a dashboard and to help CISOs gain the confidence that their organization won’t be the next one hit by attackers and splashed across social media. And by isolating critical infrastructure from container escapes, customers can finally be confident running real multi-tenancy environments, saving tens of millions of dollars in cloud costs.

“The original design goals for Kubernetes were for ‘soft’ multi-tenancy where there was a level of trust between users of a cluster. But as Kubernetes has found its way into more domains, the need for stronger security protections has become apparent,” said Joe Beda, angel investor in Edera and co-creator of Kubernetes. “Edera fills this gap by using virtualization to both reduce risks and, ultimately, reduce costs. It allows Kubernetes to go places it has never gone before!”

From an all-female founding team to a diverse group of investors and a surprising set of technologies, Edera is anything but the status quo.

Edera is founded by three female-identifying individuals:

• Ariadne Conill, co-founder & Distinguished Engineer, creator of Wolfi and maintainer for Alpine Linux
• Emily Long, co-founder and CEO, former COO at Chainguard and Anchore, among others
• Alex Zenla, co-founder and CTO, an early contributor to the Dart programming language at 13 years-old and founder of the DSA IoT platform at 14

Emily Long comes from an operations and culture background, bringing to the position of CEO a people-centric view that is often lacking in early-stage startups. Eniac Ventures came in as a lead investor, in part, because of this background. Skills like recruitment, setting culture and conflict resolution are incredibly powerful in the earliest stages of a company and are not often skills that can be taught. This is in direct contrast to traditional VC-funded startups in which the CEO is usually a technologist that is believed can be “trained up” on people and leadership skills. History tells us that hardly ever works.

“We want to build something different at Edera, not just in the technology we deliver but in the way we build and deliver it. That means creating an inclusive workplace where everyone can thrive and contribute to our mission in a very direct way,” said Emily Long, CEO and co-founder at Edera. “We know diverse teams deliver better outcomes, and we’re here to represent that however many times it takes.”

With women, people of color and LGBTQIA+ among their founders and principals, 645 Ventures and Eniac Ventures round out Edera’s intentional focus on building a team that values diversity of thought, lived experience and technology backgrounds. The $5 million seed round will be used to build out the Edera team while supporting new customers and partnerships.

“What’s most exciting about Edera is the power of the technology itself. It can not only solve immediate, long-standing pain points like container escapes but can also be a game changer in the increasingly complex and changing world of securing and managing AI workloads,” said Mendy Yang, senior associate at 645 Ventures. “We are so excited to work with the team to build something truly revolutionary.”

Edera Protect Kubernetes is available to try now. Edera Protect AI is in development and accepting design partners. Edera also hosts Krata, a set of open source components written in Rust for secure hypervisor technologies. For more information, please visit: https://edera.dev/

About Edera  
Edera is changing the way containers are run and secured, making isolation a reality and fundamentally transforming computing in the process. It is an enterprise infrastructure company that delivers container isolation for the first time by using a type 1 hypervisor and a memory-safe Rust control plane. It enables security engineers to achieve multi-tenancy Kubernetes and AI workload security in a way that is secure from the start, simple and cost-effective. Edera is female founded and places the same value on soft and hard skills to create a balanced and innovative company and considers diversity of experience and thought a non-negotiable. For more information, please visit: https://edera.dev/

Media Contact for Edera
Jennifer Cloer
503-867-2304
[email protected]

SOURCE Edera

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Era brings a unique investment thesis to bear with the largest woman-led first-time fund.

NEW YORK, Sept. 18, 2024 — Era Ventures, a pioneering venture capital firm focused on investing in a broad range of business model innovations to catalyze positive change in the built world, today announced the launch of its inaugural $88 million fund. Era Ventures will deploy 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. The firm has identified seven core business models driving change, including but not limited to SaaS and AI, marketplaces, embedded fintech, and hardtech ventures leveraging new technologies to optimize physical assets, and will actively invest across all of these categories.

Founded by industry veteran Clelia Warburg Peters, Era Ventures has already garnered support from a broad roster of leading 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. It marks a notable achievement during a year when very few new venture funds of this size were raised.

“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.”

Peters has been a leading investor in the PropTech space since its early days — first as a co-founder of MetaProp, one of the original, strategically backed PropTech funds, and then as a Venture Partner at Bain Capital Ventures, a leading generalist venture firm. She is an authority on innovation in the real estate category and is the first woman to raise an initial fund of this size in the category.

“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,” said Clelia Warburg Peters, founder and Managing Partner at Era Ventures. “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.”

The fund’s launch comes at a critical juncture for the nearly $380 trillion global real estate industry, which has long resisted technological disruption. With productivity in construction rising just around 1% annually over recent decades and buildings consuming 30% of global energy, the need for innovation has never been more urgent.

“Era is not about playing it safe — we’re not just looking to digitize old processes in real estate and construction,” said Raja Ghawi, Partner at Era Ventures. “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.”

Era Ventures is building a concentrated, high-conviction portfolio of transformative startups reimagining how we build, manage, and interact with our physical environment. Fund I has already backed founders across multiple stages:

Marketplaces and tech-enabled services:

• Honey Homes, a digital handyman subscription service provider.
• Latii, a cross-border construction-materials marketplace.
• Welcome Homes, a platform to manage and build custom homes online.
• Ostrich, a next-generation real estate listing service in the UK.

Fintech:

• Shepherd, an embedded insurance platform designed for the construction industry.
• Truehold, a single-family rental company that combines home sales and rental leases.
• Homeward, an embedded financial platform powering residential real estate transactions.

Hardtech:

• PassiveLogic, an AI-enabled platform for autonomous buildings.
• ViaBot, a Robotics-as-a-Service facility management platform.

Vertical AI and SaaS:

• Indigo, an AI-powered platform to facilitate residential real estate transactions.

“Clelia and Raja have a deep and considered viewpoint on what makes companies great. They use a qualitative and quantitative approach to understand their portfolio companies and apply that to provide helpful guidance and advice,” said Vishwas Prabhakara, the Founder and CEO of Honey Homes. “In particular, I’ve appreciated how they have helped Honey Homes better understand our target customers and informed our pricing strategy. Just as important, they have shown themselves to be a steady partner amidst the ups and downs of a startup journey.”

About Era Ventures:
Era Ventures is a venture capital firm dedicated to transforming the physical world through collaboration with companies that have the potential to disrupt outdated business models and create new systems. Founded by industry veteran Clelia Warburg Peters with a rare combination of expertise across real estate, technology, and venture capital, Era backs visionary entrepreneurs reimagining how we build, manage, and experience physical environments. The firm invests across stages, from seed to growth, in startups poised to revolutionize the $380 trillion global real estate industry. For more information about Era Ventures, visit www.eraventures.com.

SOURCE Era Ventures

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NUEVA YORK, 18 de septiembre de 2024 — FeedbackNow, líder mundial en análisis operativo para espacios físicos, ha anunciado hoy su ronda de Serie A. La ronda ha sido liderada por Motivate VC, Uncorrelated Ventures y AI Growth Capital Partners. El grupo compró la empresa a Forrester, el anterior propietario, como parte de la ronda. Steve Peltzman, antiguo ejecutivo de Forrester, será el consejero delegado de la empresa.

Además del nuevo capital, la empresa anuncia el lanzamiento de su nueva plataforma. Esta plataforma digital es capaz de ingerir datos de cientos de sensores que miden datos en tiempo real y el tráfico a través de ubicaciones físicas como estadios, aeropuertos, hospitales y tiendas de comestibles. Al normalizar los datos y crear cuadros de mando que correlacionan la actividad con la satisfacción del cliente y el gasto, la nueva plataforma de FeedbackNow ayuda a las empresas a optimizar los costes laborales, la experiencia del cliente y los ingresos. La plataforma proporciona alertas, análisis y predicciones de las mejores acciones para que las empresas puedan comprender y optimizar todo lo que ocurre en sus espacios.

Steve Peltzman, consejero delegado, explicó: “La mayoría de la gente conoce FeedbackNow por los botones de los baños de los aeropuertos y las colas de seguridad, pero, en los últimos dos años, nuestra expansión a tiendas de conveniencia y hospitales nos ha abierto los ojos ante la enorme oportunidad de optimizar la plataforma para todo tipo de datos y muchos nuevos casos de uso. La rapidez y sencillez con la que podemos integrar nuevos sensores y correlacionar resultados sobre una gran cantidad de tipos de datos es una ventaja competitiva y la razón por la que cientos de clientes han elegido FeedbackNow”.

La atención sanitaria ha sido el segmento de más rápido crecimiento para FeedbackNow, ya que los hospitales buscan optimizar la eficiencia laboral en medio de una creciente escasez de talento de enfermería. “Montefiore se dedica a proporcionar una atención excepcional, compasión y comodidad a cada paciente. Creemos que la experiencia del paciente es un componente crítico de la atención sanitaria de calidad. A través de nuestra innovadora asociación con FeedbackNow, hemos sido capaces de elevar las experiencias en una variedad de puntos de contacto de pacientes, visitantes y personal en tiempo real, incluyendo más de 1.200 camas de pacientes. Tenemos previsto explorar nuevas formas de utilizar esta tecnología para ofrecer una experiencia aún más excepcional”, comentó Tim Woodward, vicepresidente asociado de Servicios Medioambientales de Montefiore Health System.

“A medida que la IA se implanta en más áreas de la economía, creemos que los datos en tiempo real se van a convertir en un activo clave para que las empresas los integren en estos modelos, y FeedbackNow es el líder en datos en tiempo real para operaciones en espacios físicos”, destacó Rob May, socio de AI Growth Capital. “La empresa tiene una hoja de ruta innovadora que se alinea bien con hacia dónde creemos que se dirige la IA y encajaba a la perfección con algunas de nuestras tesis de inversión clave en torno a la IA, lo que nos impulsó a cerrar esta operación”.

FeedbackNow se centra actualmente en tres verticales clave: Sanidad, Tiendas de conveniencia y Viajes/Entretenimiento. La empresa cuenta con más de 250 clientes en 40 países. Para más información, póngase en contacto con [email protected].

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