TLDR:
- Prudence, a built environment venture firm, has closed an $80m Fund III round, bringing its total assets under management to $230m.
- The company focuses on early-stage technology companies in construction, real estate, infrastructure, climate, and energy adaptation.
Prudence, based in New York, specializes in investing in firms that deliver technology solutions for the built environment sector. The company recently closed an $80 million Fund III round, bringing its total assets under management to $230 million. Founded in 2009, Prudence has been investing in early-stage technology companies that aim to improve efficiency, design, and safety in various verticals including construction, real estate, infrastructure, and climate and energy adaptation.
Prudence’s team, comprised of Gavin Myers, Jordan Viniar, Julia Brino, and Melissa Landry Koller, follows a strategy of making concentrated, high-conviction investments in technology-forward projects with clear goals that advance the way we work with the built environment. The company’s investments range from Seed funding to Series B stages, and they actively engage as investors and board members to ensure the success of tech-dependent businesses in their early stages of development.
Investments made by Prudence have resulted in successful technology companies such as CASAFARI in Lisbon, Portugal, AI Clearing in Austin, Texas, and Blockchain in London, England, which have received Series A funding from Prudence. With their new $80 million round of funding, Prudence aims to continue supporting founders who are transforming the built world through advanced software solutions, data infrastructure capabilities, and artificial intelligence applications.
