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Moderne Ventures

North America, Illinois, United States, Chicago

Description

Moderne Ventures is a prominent venture capital firm based in Chicago, specializing in early-stage technology companies that are transforming the multi-trillion dollar industries of real estate, finance, insurance, home services, and hospitality. The firm distinguishes itself through a dual approach, operating both as a venture fund and an accelerator program, the Moderne Passport program. This integrated model allows them to not only provide capital but also to foster strategic partnerships and facilitate commercialization opportunities for their portfolio companies within their extensive network of industry leaders.

The firm primarily targets companies from Seed to Series B stages, seeking out innovative solutions that address critical needs and inefficiencies within their core sectors. Moderne Ventures typically deploys initial checks ranging from $500,000 to $5 million, though they have the capacity to participate in larger rounds and provide follow-on funding as companies scale. Their investment thesis emphasizes leveraging technology to create efficiencies, enhance customer experiences, and drive sustainable growth across their target markets, often focusing on B2B SaaS, data analytics, and marketplace models.

With a robust portfolio exceeding 130 companies, Moderne Ventures has established itself as a significant player in the proptech and adjacent ecosystems. The firm has successfully raised multiple funds, including a $200 million PropTech fund (Moderne Ventures Fund III) announced in 2022, underscoring their continued commitment and capacity to invest in groundbreaking technologies. Their strategic focus and deep industry connections enable them to provide substantial value beyond capital, helping startups navigate complex markets and achieve significant commercial traction.

Investor Profile

Moderne Ventures has backed more than 101 startups, with 3 new investments in the last 12 months alone. The firm has led 12 rounds, about 12% of its total and boasts 23 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series Unknown, Seed, Series A rounds (top funding stages).
  • Majority of deals are located in United States, Finland, Canada.
  • Strong thematic focus on Software, Real Estate, Financial Services.
  • Led 3 rounds in the past year.
  • Typical check size: $500K – $5M.

Stage Focus

  • Series Unknown (49%)
  • Seed (14%)
  • Series A (13%)
  • Series B (13%)
  • Series C (8%)
  • Pre Seed (1%)
  • Series D (1%)
  • Convertible Note (1%)
  • Non Equity Assistance (1%)

Country Focus

  • United States (96%)
  • Finland (1%)
  • Canada (1%)
  • Australia (1%)
  • France (1%)

Industry Focus

  • Software
  • Real Estate
  • Financial Services
  • Fintech
  • Internet
  • Proptech
  • Saas
  • Artificial Intelligence (Ai)
  • Information Technology
  • Home Services
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Moderne Ventures frequently co-invest with?

Gaingels
North America, Vermont, United States, Burlington
Co-Investments: 4
Munich Re Ventures
North America, New Jersey, United States, Princeton
Co-Investments: 2
Accomplice
North America, Massachusetts, United States, Cambridge
Co-Investments: 3
FJ Labs
North America, New York, United States, New York
Co-Investments: 4
Liberty Mutual Strategic Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 3
Oakhouse Partners
North America, California, United States, San Francisco
Co-Investments: 3
Aquiline Technology Growth
North America, New York, United States, New York
Co-Investments: 2
Citi Impact Fund
North America, New York, United States, New York
Co-Investments: 3
Grotech Ventures
North America, Virginia, United States, Vienna
Co-Investments: 3
Blumberg Capital
North America, California, United States, San Francisco
Co-Investments: 4

Which angels does Moderne Ventures often collaborate with?

BD
North America, Kentucky, United States, Louisville
Shared Deals: 1
LB
North America, California, United States, San Francisco
Shared Deals: 1
JB
North America, Massachusetts, United States, Boston
Shared Deals: 1
CB
North America, Maryland, United States
Shared Deals: 1
AC
North America, Virginia, United States, Arlington
Shared Deals: 1
KN
North America, California, United States, Los Angeles
Shared Deals: 1
AR
North America, California, United States, San Francisco
Shared Deals: 1
PF
North America, California, United States
Shared Deals: 1
CF
North America, Illinois, United States, Chicago
Shared Deals: 45
CS
North America, Washington, United States, Kirkland
Shared Deals: 1

What are some of recent deals done by Moderne Ventures?

Trust & Will

San Diego, California, United States

Trust & Will is a digital estate planning platform that offers legally valid estate planning documents that comply with state guidelines.

LegalSoftwareWealth Management
Series CMar 11, 2025
Amount Raised: $25,000,000
Aerwave

Dallas, Texas, United States

Aerwave is a reimagined WiFi connectivity experience for both residents and property managers in the multifamily industry.

InternetNetwork HardwareWireless
Series BSep 17, 2024
Amount Raised: $20,000,000
The Rounds

Arlington, Virginia, United States

The Rounds offers delivery service with zero waste by refilling empty containers.

Consumer GoodsDelivery ServiceLogistics
Series BAug 21, 2024
Amount Raised: $24,000,000
Qloo

New York, New York, United States

Qloo develops an AI-based cultural platform to predict consumer taste data and recommendations for companies in various sectors.

Artificial Intelligence (AI)Consumer ResearchDeveloper APIsMachine LearningPersonalization
Series CFeb 21, 2024
Amount Raised: $25,000,000
RealReports

New York, New York, United States

AI-powered property reports

Artificial Intelligence (AI)Real EstateSoftware
SeedNov 1, 2023
Amount Raised: $2,000,000
Notarize

Boston, Massachusetts, United States

Notarize is an on-demand remote electronic notary service that allows anyone to legally notarize a document online.

LegalLegal TechSoftware
Convertible NoteOct 2, 2023
Hello Divorce

Alameda, California, United States

Hello Divorce offers an easier and cheaper way to handle divorce processes with online tools and legal services.

AdviceDocument PreparationFinanceLegalLegal Tech
SeedJun 10, 2023
Measurabl

San Diego, California, United States

Measurabl develops an ESG data management platform for commercial real estate.

Big DataBusiness IntelligenceCommercial Real EstateData ManagementSoftware
Series DMay 31, 2023
Amount Raised: $93,000,000
AuditMate

San Francisco, California, United States

First-ever SaaS to get more from your elevator maintenance contract

ConsultingSaaSSoftware
SeedApr 10, 2023
MoveEasy

Columbus, Ohio, United States

MoveEasy helps 45MM relocating consumers in the US and Canada complete all their moving related tasks from one convenient dashboard.

ConsumerReal EstateSaaSTransportation
Series ADec 7, 2022
Amount Raised: $7,000,000