Search company, investor...

Predict your next investment

Venture Capital
neweracp.com

Investments

27

Portfolio Exits

1

Funds

2

About New Era Capital

New Era Capital runs a venture capital firm. It assesses companies according to environmental, social and governance (ESG) and responsible investment criteria. The fund primarily invests in early revenue stage technology startups to create a measurable, positive impact on the environment, society or humanity. It was founded in 2018 and is based in Tel Aviv, Israel.

Headquarters Location

3 Rothschild boulevard

Tel Aviv, 6688106,

Israel

+972 72 3369833

Are you an investor?
Submit your portfolio details now to be considered in our investor rankings.

Latest New Era Capital News

Espresa: Personal Benefits Platform Company Secures $23 Million

Nov 10, 2023

Espresa – a personal benefits platform designed for global enterprises – recently announced the completion of its Series A funding round, led by Clear Ventures and totaling $23 million. And all existing investors participated, including Crosslink Capital, New Era Capital Partners, Moneta Venture Capital, Ridge Ventures, and Westwave Capital. This new funding round enables scaling and expanding sales and marketing, platform development, and building the global support infrastructure. Espresa’s personal benefits platform was engineered to help HR and Benefits teams streamline and modernize their offerings. And the company’s unique approach (LSA Plus) combines traditional well-being benefits with Lifestyle Spending Accounts (LSA), which enables organizations to offer incentives for health-related and cultural activities. In directing existing funding to an LSA Plus program, employers can drive employee engagement and personalized well-being. And Espresa optimizes budget allocation and simplifies the overall benefits landscape, enhancing the employee experience and bringing cohesion to HR strategies. As a mobile-first platform, organizations can engage employees wherever they live, and how they work: in office, hybrid or remote. Through this platform, employees can select meaningful and personal benefits for their life journey. Espresa allows access to LSA funds via payroll reimbursement, integrated marketplace or a pre-funded Espresa debit card. This unparalleled flexibility has resulted in industry-record employee participation as high as 94%. Espresa has been serving hundreds of thousands of users on the platform across diverse sectors spanning tech, consumer, healthcare and pharma, financial services, media, agriculture, law, manufacturing and construction. And companies like Avalara, Cadence, Flex, Nielsen, Jazz Pharmaceuticals, Prudential, Unisys and The Wonderful Company use Espresa’s global platform to modernize their benefits offerings and improve employee experiences. Espresa also added investor and founder of NEA Dick Kramlich and strategic EU-based London Technology Club (LTC) to its roster. And creating the critical shift in connective and global personal benefits, Espresa continues to grow thoughtfully and gain traction as a leading force in this space, this new funding brings the total raised to date to $30 million. KEY QUOTES: “Espresa solves multiple critical problems for human resource and people teams. Until recently, HR was trapped in too many point solutions, budget consolidation needs and a lack of employee engagement with the legacy benefits they offer. We’re changing how people experience their benefits with a mobile-first platform that can change with the evolution of a company while being globally inclusive.” — Alex Shubat, co-founder and CEO of Espresa “Espresa redefines what is possible for a global population with a personal benefits technology platform. Employees get an effortless experience with the flexibility to choose benefits that truly matter to them, while employers gain a streamlined solution that easily fits into their existing HR infrastructure. With a presence in over 80 countries, support for local currencies and availability in more than 100 languages, global is our DNA.” — CTO and co-founder Raghavan Menon “We focus on finding portfolio companies that redefine what is possible. HR tech, the future of work and reimagining the benefits landscape with personal benefits that connect companies with their culture are precisely what Espresa does. While their roadmap is highly focused, their ability to develop exceptional technology to meet clients’ collective needs is beyond a sprint. It’s a marathon, and they do it expertly.” — Clear Ventures’ founding partner, Chris Rust

New Era Capital Investments

27 Investments

New Era Capital has made 27 investments. Their latest investment was in Variantyx as part of their Series C - IV on October 18, 2023.

CBI Logo

New Era Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/18/2023

Series C - IV

Variantyx

No

2

8/25/2023

Series A - II

Espresa

$23M

Yes

2

3/6/2023

Seed VC - II

Sora Finance

$3.9M

Yes

2

2/7/2023

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

1/18/2023

Series A

Subscribe to see more

$99M

Subscribe to see more

10

Date

10/18/2023

8/25/2023

3/6/2023

2/7/2023

1/18/2023

Round

Series C - IV

Series A - II

Seed VC - II

Seed VC

Series A

Company

Variantyx

Espresa

Sora Finance

Subscribe to see more

Subscribe to see more

Amount

$23M

$3.9M

$99M

$99M

New?

No

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

2

2

10

10

New Era Capital Portfolio Exits

1 Portfolio Exit

New Era Capital has 1 portfolio exit. Their latest portfolio exit was Neosec on April 19, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

4/19/2023

Acquired

$99M

8

Date

4/19/2023

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

8

New Era Capital Fund History

2 Fund Histories

New Era Capital has 2 funds, including New Era Capital Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

3/23/2022

New Era Capital Fund II

$140M

1

4/4/2019

New Era Capital Tech Fund

Subscribe to see more

Subscribe to see more

$99M

10

Closing Date

3/23/2022

4/4/2019

Fund

New Era Capital Fund II

New Era Capital Tech Fund

Fund Type

Subscribe to see more

Status

Subscribe to see more

Amount

$140M

$99M

Sources

1

10

New Era Capital Team

4 Team Members

New Era Capital has 4 team members, including current Founder, Managing Partner, General Partner, Gideon Argov.

Name

Work History

Title

Status

Gideon Argov

Founder, Managing Partner, General Partner

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Name

Gideon Argov

Subscribe to see more

Subscribe to see more

Subscribe to see more

Work History

Title

Founder, Managing Partner, General Partner

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Current

Subscribe to see more

Subscribe to see more

Subscribe to see more

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.