Moderne Ventures Closes a Second Fund of $200M

What about Moderne Ventures stitching up a brand new $200 million fund to spend money on actual property finance, insurance coverage, and residential providers?

In keeping with the information, returning companions like AvalonBay Communities, Camden Property Belief, Greystar, JBG SMITH, Oaktree Capital Administration, Realogy, and others have put founder Constance Freedman’s agency deep into the massive time.

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An early-stage enterprise capital agency, Moderne Ventures now has an enormous community of execs stretched throughout key funding sectors concentrating on promising startups. The Moderne Ventures Fund II comes following early Moderne Ventures successes like Higher Mortgage, Hippo Insurance coverage, Homesnap, and different wins. The agency has had three IPOs and plenty of financing strikes to this point this 12 months.

By means of a brand new initiative referred to as “Moderne Passport,” Freedman’s agency hopes to hyperlink budding startups together with her firm’s community over greater than 700 trade decision-makers eager to profit from the providers the startups present. Again in April, the agency introduced having added seven key corporations into its 2021 Passport Program. In that information, the next corporations entered the six-month trade immersion program offering training, publicity, and relationships to drive buyer progress.

  • JoyHub ( – Culver Metropolis, CA: An AI-driven information aggregation and enterprise intelligence platform for homeowners and operators of residences and rental properties.
  • Kaiyo ( – New York, NY: A full-service market for gently-used furnishings dedicated to nice design, distinctive care, and a extra sustainable planet.
  • Peek ( – New York, NY: Digital leasing answer targeted on digitizing the leasing expertise by interactive excursions, analytics, content material administration and advertising and marketing instruments.
  • Piñata ( – New York, NY: A platform designed to scale back accounts receivable, enhance on-time funds, and form resident habits by rewards and credit score applications.
  • MotoRefi ( – Arlington, VA: Easy, clear auto refinancing. MotoRefi helps automobile homeowners save as much as $100 monthly on their automobile funds.
  • Tailorbird ( – Princeton, New Jersey: Tailorbird creates speed-to-market for multifamily homeowners and property managers by eliminating 4 months from a typical value-add technique.
  • Trash Butler ( – Tampa, FL: Doorstep trash & recycling powered by distinctive customer support.

In keeping with the present bulletins by Moderne Ventures, the agency intends to leverage the fund investing in extra startups which might be “reshaping actual property, residence providers, and different industries.” The agency’s founder was additionally quoted saying:

“The Fund and the Moderne Passport Program usually brings corporations from exterior the trade into it and creates alternatives for startup applied sciences starting from enterprise SaaS corporations to AI platforms and robotics to enter our markets and assist remodel them.”

Launched again in 2015, Fashionable Ventures is led by founder Constance Freedman and her accomplice Liza Benson. Earlier investments embrace home-services startup Porch — which went public in December.

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