TLDR: Moderne Ventures has raised the second-largest women-led fund this year, totaling an undisclosed amount. The MV Core Fund III’s limited partners include GCM Grosvenor, the Illinois Growth and Innovation Fund, AvalonBay, Essent, and other real estate companies.
Moderne Ventures, a women-led venture fund, has successfully closed its latest fund, the MV Core Fund III. The size of the fund was not disclosed, but it is noted to be the second-largest women-led fund raised this year.
The limited partners of MV Core Fund III include GCM Grosvenor, the Illinois Growth and Innovation Fund, AvalonBay, Essent, and several real estate companies. This diverse group of investors reflects the fund’s focus on investing in innovative real estate and proptech startups.
By securing significant commitments from these key LPs, Moderne Ventures aims to continue supporting and empowering women entrepreneurs in the venture capital ecosystem. The fund will focus on early-stage investments in companies that are poised to disrupt the real estate industry.
Overall, Moderne Ventures’ successful fundraising efforts for MV Core Fund III highlight the growing interest and support for women-led venture capital funds in the market.
