Moderne Ventures, a venture capital and growth equity firm based in Chicago, has successfully raised more than $230 million for its MV Core Fund III. This exceeds the previous fund, MV Core Fund II, which was oversubscribed at $200 million. With this new funding round, Moderne’s total assets under management now exceed $500 million.
The institutional investors who contributed to this fund include GCM Grosvenor and the Illinois Growth and Innovation Fund. Strategic partners such as AvalonBay, Essent,and other real estate companies also participated in the fundraising efforts. The firm is led by Founder and Managing Partner Constance Freedmanand Partner Liza Benson.
Since its establishment in 2015,Freedman has been dedicated to growing Moderne Ventures into a successful investment firm with over 35 investments made across three funds. Prior to founding Moderne,VFreedman launched Second Century Venturesin partnership with the National Association of Realtors where she managed operations.
According to Freedman,”MV Core Fund III builds upon our existing strategy of leveraging our deep expertise in specific industries to connect businesses with customers while driving innovation within entire sectors.This approach has consistently produced significant returns for our investors.”
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