Founded in 2012 by Alison Davis, Fifth Era focuses on investing in startups in the Employee Benefits and B2C sectors. The fund typically invests between $1-5 million in companies that are 2-3 years old. Notable investors in the same rounds as Fifth Era include Kernel Capital, Keiretsu Forum Northwest, and Keiretsu Capital. The fund is based in San Francisco and has a particular interest in the blockchain industry. In addition to providing funding, Fifth Era also offers advisory services and conducts business development projects.