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Venture Capital
FINANCE | Investment Firms & Funds
moderneventures.com

Investments

49

Portfolio Exits

7

Funds

3

Partners & Customers

1

About Moderne Ventures

Moderne Ventures invests in technology companies in and around real estate, finance, insurance, and home services. It has both a fund and an Industry Immersion Program and Corporate Advisory Practice, the Moderne Passport, designed to foster partnership and growth between industry partners and new emerging technology companies. Moderne works with executives and corporations within its core industries and evaluates over emerging tech companies each year. Moderne most often looks outside its industries to find technologies that can be applicable within them, and it has invested in almost 80 companies across its funds, including DocuSign, Updater, August, Better, Hello Alfred, Leaselock, TaskEasy, and Homesnap.

Headquarters Location

410 N Michigan Ave Suite 740

Chicago, Illinois, 60611,

United States

617-308-3191

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Latest Moderne Ventures News

08:00 ET PIONEERING REAL-ESTATE TECH COMPANY MODWELL & CHRISTIE'S INTERNATIONAL REAL ESTATE PARTNER TO PUT MODERN SELLING TOOLS ...

Aug 7, 2023

News provided by Share this article Share this article The program will give high-performing agents direct access to Modwell's revolutionary 3D listings service in order to unlock the true potential of any property NEW YORK, Aug. 7, 2023 /PRNewswire/ -- Modwell , the design technology company transforming how the $4 trillion dollar global realty market buys, sells and lists properties, and Christie's International Real Estate, today announced a first-of-its kind partnership that will provide top agents of the world's leading high-value real estate brand with access to its game-changing suite of real estate listings solutions. Modwell, the design technology company transforming how the $4 trillion dollar global realty market buys, sells and lists properties, and Christie’s International Real Estate, today announced a first-of-its kind partnership that will provide top agents of the world’s leading high-value real estate brand with access to its game-changing suite of real estate listings solutions. The partnership between the two companies will give 50 of Christie's International Real Estate's Masters Circle agents – the highest grossing agents across the brand's U.S. network – the ability to leverage Modwell's proprietary and patented tech-based design platform in order to showcase home listings in an unprecedented, modernized fashion, drive sales and help future buyers envision the full potential of any home, apartment or property lot. The Modwell infrastructure is even flexible enough to accommodate developer-ready parcels. Specifically, these Christie's International Real Estate Masters Circle agents, representing 39 luxury markets across at least 15 states, will be able to access Modwell's suite of solutions including: Enhanced Listings. Which takes an existing property and applies 3D scanning and modeling technology in order to reimagine and fully realize the untapped design potential of any property's interior and exterior. From there, agents will be able to share design exhibits via their own user profile directly to their network of clients in order to sell more, faster. Next Gen 3D Showrooms. Modwell's virtual "warehouse" that curates a highly individual aggregated listings experience for real-estate professionals and their organizations. These digital showrooms are designed so that agents can showcase featured properties and attach their personal showrooms to Modwell's larger Masterbrand Showroom. Consumer Home Vaults. Created to supercharge referrals (which make up 82% of agent revenues in the U.S.), this interactive solution gives agents an opportunity to maintain more meaningful relationships with their clients over the lifetime of their home ownership. Clients are invited onto Modwell's platform in order to fully document their home by uploading their surveys, floor plans, 3D models and more into a purpose-built design hub. "We're thrilled to be able to work with an esteemed brand like Christie's International Real Estate. Technology has enabled consumers to change how they live their lives – from how they communicate, to what, when and how they connect with content, to how they purchase goods and services. While home buying should be no different, and 97% of consumers use online tools when buying a home, listings have remained legacy based. Modwell is changing that paradigm through advanced technology and we're excited that Christie's International Real Estate's top agents will be able to leverage our platform in a way we think will help them sell more," said Jonathan Reisman, Co-Founder, Modwell. "Christie's International Real Estate has a rich and storied history as a market leader and a lot of that has to do with continually giving our agents innovative ways to engage with potential clients. Our program with Modwell continues that high standard and we're excited to get their technology into the hands of our top agents in order to drive a more efficient and interactive process," said Thad Wong, co-CEO of Christie's International Real Estate. In under a year, Modwell has disrupted an industry stuck in legacy models, creating the highest fidelity 3D technology to power a better overall real estate experience for both buyers and sellers across a varied array of industry verticals and segments. The company was selected for the prestigious Moderne Ventures' Passport Program, a six-month industry immersion program that catalyzes the growth of its companies by offering its participants education, mentorship, and pilot opportunities with new customers via access and exposure to Moderne's Network of real estate – and real estate adjacent – industry leaders. The program is highly selective with the Moderne Ventures team evaluating over 4,500 companies a year, but selecting on average 6 to 10 companies per class. In February, the company's technology was prominently featured in the Bravo hit "Million Dollar Listings'' and, more recently, it provided the technology behind a prominent Robb Report listing and article . For more information on Modwell, click HERE . About Modwell Modwell is a design tech company whose first-of-its-kind collaborative platform and tools empower agents and buyers to modernize their real estate experience. While other industries have evolved to match our 21st century lifestyles and preferences, real estate has stayed relatively the same. Modwell was founded in 2020 by architecture and marketing veterans who not only set out to close that gap but who have a clear vision for where real estate is going as the world embraces virtual realities. About Christie's International Real Estate Christie's International Real Estate  has successfully marketed high-value real estate around the world for more than 30 years. Through its invitation-only Affiliate network spanning nearly 50 countries and territories, Christie's International Real Estate offers incomparable services to a global clientele at the luxury end of the residential property market. Media Contact:

Jun 9, 2023
Measurabl

Moderne Ventures Investments

49 Investments

Moderne Ventures has made 49 investments. Their latest investment was in Measurabl as part of their Series D on May 5, 2023.

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Moderne Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/31/2023

Series D

Measurabl

$93M

Yes

18

12/7/2022

Series A

MoveEasy

$7M

Yes

7

11/3/2022

Series B

Xeal

$40M

No

2

10/4/2022

Series A - II

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$99M

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10

6/8/2022

Seed VC

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$99M

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10

Date

5/31/2023

12/7/2022

11/3/2022

10/4/2022

6/8/2022

Round

Series D

Series A

Series B

Series A - II

Seed VC

Company

Measurabl

MoveEasy

Xeal

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Amount

$93M

$7M

$40M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

Sources

18

7

2

10

10

Moderne Ventures Portfolio Exits

7 Portfolio Exits

Moderne Ventures has 7 portfolio exits. Their latest portfolio exit was Better on August 23, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

8/23/2023

Reverse Merger

$99M

13

11/1/2022

Acquired

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$99M

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10

5/21/2021

Acquired

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$99M

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10

3/4/2021

Reverse Merger

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$99M

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10

12/23/2020

Reverse Merger

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$99M

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10

Date

8/23/2023

11/1/2022

5/21/2021

3/4/2021

12/23/2020

Exit

Reverse Merger

Acquired

Acquired

Reverse Merger

Reverse Merger

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

13

10

10

10

10

Moderne Ventures Fund History

3 Fund Histories

Moderne Ventures has 3 funds, including Moderne Ventures Core Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/3/2021

Moderne Ventures Core Fund II

$200M

3

5/29/2018

Moderne Ventures Fund I

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$99M

10

Moderne Ventures Core Fund II-A

10

Closing Date

8/3/2021

5/29/2018

Fund

Moderne Ventures Core Fund II

Moderne Ventures Fund I

Moderne Ventures Core Fund II-A

Fund Type

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Status

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Amount

$200M

$99M

Sources

3

10

10

Moderne Ventures Team

2 Team Members

Moderne Ventures has 2 team members, including current Founder, Managing Partner, Constance Freedman.

Name

Work History

Title

Status

Constance Freedman

Founder, Managing Partner

Current

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Name

Constance Freedman

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Work History

Title

Founder, Managing Partner

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Status

Current

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