Moderne Ventures, a venture capital and growth equity firm with expertise in real estate, finance, insurance, and sustainability, has successfully raised more than $230 million for its MV Core Fund III. This surpasses the $200 million raised for MV Core Fund II and brings the firm’s total assets under management to over $500 million. Notable institutional investors include GCM Grosvenor and the Illinois Growth and Innovation Fund, along with strategic partners such as AvalonBay, Essent, and Leading Real Estate Companies of the World.
The firm, led by Founder and Managing Partner Constance Freedman, alongside Partner Liza Benson, has invested in more than 35 companies and supported over 150 through its Passport program. These investments have delivered top-tier returns across three funds.
Before establishing Moderne Ventures in 2015, Freedman led Second Century Ventures, a venture fund affiliated with the National Association of Realtors. In this role, she directed early investments in companies such as DocuSign, Updater, and August. Moderne’s early exits include Porch, Homesnap, and TaskEasy, while current investments span companies like ICON, Caribou, Proof, and Measurabl.
Freedman noted that Moderne’s platform “mitigates risk in venture capital while producing competitive returns.” She highlighted the firm’s venture platform, immersion program, and extensive corporate network as key drivers of value for portfolio companies and investors. The success of Fund III builds on Moderne’s strategy of connecting companies to customers, leveraging decades of vertical specialization to create significant returns.
Derek Jones, Vice Chairman of GCM Grosvenor, remarked, “We are pleased to support Moderne Ventures in its latest fund. The firm’s strong track record, value-driven strategy, and experienced team make them a differentiated investment partner.”
Moderne Ventures takes a unique approach to venture capital by connecting portfolio companies with customers across industries poised for innovation.
Building Customer Connections:
The firm’s immersion program, known as Moderne Passport, helps companies develop vertical market strategies and connect with Moderne’s network of over 1,500 executives and corporate partners. This selective program accepts less than 1% of applicants, providing participants with opportunities to scale.
Sector Expertise with a Generalist Perspective:
While Moderne focuses on specific sectors, it also invests in companies outside its specialties. This strategy allows for diversification, helping firms grow in multiple markets while mitigating risks associated with sector volatility.
Commitment to Diversity:
Moderne Ventures is a woman-owned firm, with 70% of its team consisting of women and minorities, making it one of the most diverse firms in the asset management industry.
Moderne’s portfolio includes technology companies with annual revenues ranging from $2 million to $20 million. Its investments have consistently achieved top-tier returns according to Cambridge Associates benchmarks. Notable companies include:
In addition to its Core Funds, Moderne Ventures plans to launch its first Growth Fund, which will enable it to deepen its commitment to high-growth portfolio companies and welcome additional later-stage investments into its portfolio.
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By Proptechbuzz
By Ravi Kumar
