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Venture Capital
FINANCE | Investment Firms & Funds
moderneventures.com

Investments

71

Portfolio Exits

9

Funds

4

Partners & Customers

2

About Moderne Ventures

Moderne Ventures is a strategic venture capital and growth equity firm focusing on technology companies within the real estate, finance, insurance, and sustainability sectors. The firm offers funding and an Industry Immersion Program, the Moderne Passport, to foster innovation and growth between industry partners and emerging technology companies. It was founded in 2015 and is based in Chicago, Illinois.

Headquarters Location

410 North Michigan Avenue Suite 1900

Chicago, Illinois, 60611,

United States

617-308-3191

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Latest Moderne Ventures News

09:00 ET Moderne Ventures announces six new companies selected to join its exclusive Moderne Passport industry immer...

Oct 15, 2025

News provided by Share this article Share toX CHICAGO, Oct. 15, 2025 /PRNewswire/ -- Moderne Ventures  is pleased to announce its Fall2025 Passport Class. Moderne Ventures is a multi-stage VC firm investing in transformative technologies like AI, SaaS, robotics, sustainability and digital transactions that are shaping our future – including how we do business across trillion-dollar, antiquated industries like real estate, finance, insurance and beyond. The Moderne Passport Program is an intensive six-month industry immersion program providing its participants with education, exposure, insight, and relationships to drive customer growth. 2025 Fall Passport Class "Moderne is a generalist investor with vertical expertise. We are intentionally looking for breakthrough technologies that can transform our core industries and expand beyond them to capture larger venture returns," said Constance Freedman, Founder and Managing Partner of Moderne Ventures. "This latest Passport cohort brings innovations that include advanced risk assessment platforms, efficiency boosting AI assistants, and customer retention tools." We are pleased to announce the six new companies joining Moderne Passport: Algoma ( algoma.co )  – (New York, NY): Hyperefficient market analysis and feasibility BrokerBot ( brokerbot.ai )  – (Lakeway, TX): Omnichannel AI-powered assistant automating admin and compliance ElectroTempo ( electrotempo.com )  – (Arlington, VA): AI geospatial intelligence and optimization platform turning investment risk into ROI Optera ( opteraclimate.com ) – (Boulder, CO):  Enterprise software enabling enterprises to manage and reduce emissions across their value chain Renew  ( heyrenew.com )  – (Brooklyn, NY): An automated proactive customer retention platform Virtuo ( virtuo.com ) – (Calgary, Alberta, CA): Connected experience platform behind better service, smoother operations, and happier customers "We're proud to welcome our 23rd Passport cohort, having supported over 150 companies through the program. Moderne helps companies break into complex industries by providing targeted access to potential customers, strategic capital and real-time feedback from our network of leading operators. By tapping into our deep relationships with industry partners, we help companies unlock new distribution channels and accelerate meaningful growth," said Carolyn Kwon, Head of Platform at Moderne Ventures. Moderne Ventures  accepts Passport applications  on a rolling basis with the next class launching in December 2025. Moderne Ventures Overview Moderne Ventures  is a multi-stage VC firm with a 17-year track record, generating top tier returns across five funds. Moderne manages over $600M AUM to invest in transformative technologies like AI, SaaS, robotics, sustainability, and digital transactions that our shaping our future including how we do business across trillion-dollar industries like real estate, finance, insurance and beyond. Moderne's unfair advantage: its network of 1,500+ execs and corporates we activate through our proprietary  Moderne Passport Program  to help portfolio companies drive explosive growth. The Moderne Platform de-risks venture – producing top tier Venture returns while maintaining a PE/Buyout risk profile. Moderne has invested in more than 50 companies with additional equity in over 150 Moderne Passport companies across five funds. The firm has built a stellar track record as a lead investor in companies like  DocuSign ,  ICON , Proof ,  Caribou ,  Porch , and  Xeal . SOURCE Moderne Ventures

Moderne Ventures Investments

71 Investments

Moderne Ventures has made 71 investments. Their latest investment was in Mesh as part of their Series B - II on August 14, 2025.

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Moderne Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/14/2025

Series B - II

Mesh

No

3

3/11/2025

Series C - III

Trust & Will

$25M

Yes

2

2/13/2025

Series C

ICON

$56M

No

2

4/29/2024

Series B

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$XXM

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10

3/6/2024

Series B

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$XXM

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10

Date

8/14/2025

3/11/2025

2/13/2025

4/29/2024

3/6/2024

Round

Series B - II

Series C - III

Series C

Series B

Series B

Company

Mesh

Trust & Will

ICON

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Amount

$25M

$56M

$XXM

$XXM

New?

No

Yes

No

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Co-Investors

Sources

3

2

2

10

10

Moderne Ventures Portfolio Exits

9 Portfolio Exits

Moderne Ventures has 9 portfolio exits. Their latest portfolio exit was The Rounds on May 30, 2025.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/30/2025

Acquired

$XXM

8

10/22/2024

Acquired

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$XXM

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10

8/23/2023

Reverse Merger

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$XXM

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10

11/1/2022

Acquired

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$XXM

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10

5/21/2021

Acquired

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$XXM

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10

Date

5/30/2025

10/22/2024

8/23/2023

11/1/2022

5/21/2021

Exit

Acquired

Acquired

Reverse Merger

Acquired

Acquired

Companies

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Valuation

$XXM

$XXM

$XXM

$XXM

$XXM

Acquirer

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Sources

8

10

10

10

10

Moderne Ventures Fund History

4 Fund Histories

Moderne Ventures has 4 funds, including Moderne Ventures Fund III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/16/2024

Moderne Ventures Fund III

$230M

1

8/3/2021

Moderne Ventures Core Fund II

$XXM

10

5/29/2018

Moderne Ventures Fund I

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$XXM

10

Moderne Ventures Core Fund II-A

10

Closing Date

9/16/2024

8/3/2021

5/29/2018

Fund

Moderne Ventures Fund III

Moderne Ventures Core Fund II

Moderne Ventures Fund I

Moderne Ventures Core Fund II-A

Fund Type

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Status

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Amount

$230M

$XXM

$XXM

Sources

1

10

10

10

Moderne Ventures Partners & Customers

2 Partners and customers

Moderne Ventures has 2 strategic partners and customers. Moderne Ventures recently partnered with Darabase on November 11, 2024.

Date

Type

Business Partner

Country

News Snippet

Sources

11/19/2024

Partner

United Kingdom

Darabase Selected for the Fall 2024 Moderne Passport Class - Darabase Darabase Selected for the Fall 2024 Moderne Passport Class Discover more from Darabase

Nicole Weldon and Director of Partnerships at Moderne Ventures stated `` We ' re thrilled to welcome Darabase to the Fall 2024 Moderne Ventures Passport Program .

1

2/27/2020

Vendor

United States

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10

Date

11/19/2024

2/27/2020

Type

Partner

Vendor

Business Partner

Country

United Kingdom

United States

News Snippet

Darabase Selected for the Fall 2024 Moderne Passport Class - Darabase Darabase Selected for the Fall 2024 Moderne Passport Class Discover more from Darabase

Nicole Weldon and Director of Partnerships at Moderne Ventures stated `` We ' re thrilled to welcome Darabase to the Fall 2024 Moderne Ventures Passport Program .

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Sources

1

10

Moderne Ventures Team

3 Team Members

Moderne Ventures has 3 team members, including current Founder, Managing Partner, Constance Freedman.

Name

Work History

Title

Status

Constance Freedman

Second Century Ventures, National Association of REALTORS, and Molecular

Founder, Managing Partner

Current

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Name

Constance Freedman

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Work History

Second Century Ventures, National Association of REALTORS, and Molecular

Title

Founder, Managing Partner

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Status

Current

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