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Moderne Ventures Closes Over $230M for MV Fund III
Moderne Ventures, a Chicago-based venture capital and growth equity firm, has raised over $230 million for MV Core Fund III, exceeding the oversubscribed $200 million MV Core Fund II and bringing the firm’s total assets under management to more than $500 million.
Institutional investors include GCM Grosvenor and the Illinois Growth and Innovation Fund, along with some strategic partners like AvalonBay, Essent, and other real estate companies. Led by Founder and Managing Partner Constance Freedman and Partner, Liza Benson, Moderne has made over 35 investments and backed over 150 companies across three funds.
Prior to founding Moderne in 2015, Freedman launched and managed Second Century Ventures, in partnership with the National Association of Realtors. “MV Core Fund III is an expansion of our existing strategy where we apply decades of vertical specialization experience to curate customers for our companies and advance entire industries, producing outsized returns for our investors,” said Freedman.
