TLDR:
- Prudence, a NYC-based venture firm, closed its third fund at $80m.
- The firm invests in technology companies focused on the built world transformation.
In a recent development, Prudence, an early-stage venture firm based in NYC, announced the closure of its third fund, raising a total of $80 million. The firm, founded in 2009 and led by Managing Partner Gavin Myers, specializes in investing in technology companies that are at the forefront of driving the global transformation of the built world. Prudence’s investment focus spans across various verticals, including construction, real estate, infrastructure, and climate/energy adaptation.
This news underscores Prudence’s commitment to supporting innovative startups in the tech sector that are revolutionizing the way we interact with and utilize physical spaces. The $80 million fund provides the firm with the necessary capital to continue backing promising companies that are poised to make a significant impact on the built environment.
With this latest fund closure, Prudence is well-positioned to identify and invest in cutting-edge technologies that have the potential to shape the future of the built world. As the firm continues to support and nurture tech startups in this space, the $80 million fund will serve as a catalyst for driving innovation and growth within the industry.
