Moderne Ventures Raises Over $230 Million for MV Core Fund III

Moderne Ventures, a venture capital and growth equity firm specializing in multi trillion-dollar industries such as real estate, finance, insurance, and sustainability, has successfully raised more than $230 million for its MV Core Fund III. This exceeds the oversubscribed $200M MV Core Fund II, bringing the total assets under management to over $500M.

Notable institutional investors include GCM Grosvenor and the Illinois Growth and Innovation Fund, along with strategic partners like AvalonBay, Essent, and Leading Real Estate Companies of the World. Led by experienced investors Constance Freedman and Liza Benson, Moderne has made over 35 investments and backed over 150 Passport companies across three funds, consistently delivering top-tier venture returns. The firm's unique platform de-risks venture investments while producing significant returns.

Moderne Ventures is known for its industry immersion program, the Moderne Passport, which helps companies refine and execute vertical market strategies, providing invaluable growth opportunities for selected companies. The firm is a sector specialist but generalist investor, with a focus on diversity, as it is a woman-owned firm with one of the most diverse teams in the asset management industry. The company's portfolio includes technology companies generating top-tier returns, such as ICON, Qloo, Caribou, Measurabl, Proof, Aerwave, and Xeal. Read the full release here.