
Moderne Ventures
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
Frequently Asked Questions
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