Moderne Capital, LP
SEC exempt reporting adviser (venture capital exemption).
- HQ
- IL
Moderne Ventures is a strategic venture capital and growth equity firm that invests in disruptive technology companies such as AI, Robotics, Deep tech, Sustainability, Data and Digital Transaction Management. Constance Freedman is its Founder and Managing Partner. Its portfolio includes Mesh, Orbital, Sigma360, which builds trusted AI infrastructure for highly regulated markets, and Caribou, which provides auto refinancing solutions for enterprises.
New fund likely raising soon
The firm's newest fund is 4 to 7 years past its first sale and no newer Form D has been filed.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Seed, Series A, Series B, Growth | Not enough dated deals | Seed, Series A |
| Sectors | AI applications, Data analytics, Enterprise SaaS, Climate software, Robotics, Hardware | Not enough dated deals | Construction and proptech, Enterprise SaaS, Fintech, Ecommerce, Consumer, Marketplaces |
| Regions | Not stated | Not enough dated deals | CA, NY, IL |
Says: what the firm's funds state. Does: from 1 dated deal in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2014 | 1 | Cybersecurity |
| 2015 | 5 | Construction and proptech, Ecommerce, Marketplaces |
| 2016 | 10 | Enterprise SaaS, Fintech, Construction and proptech |
| 2017 | 10 | Construction and proptech, Ecommerce, Enterprise SaaS |
| 2018 | 18 | Construction and proptech, Enterprise SaaS, Fintech |
| 2019 | 18 | Construction and proptech, Fintech, Consumer |
| 2020 | 7 | Enterprise SaaS, AI applications, Construction and proptech |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2014 | 0 | 1 | 0 | 0 | 0 |
| 2015 | 0 | 0 | 0 | 0 | 0 |
| 2016 | 0 | 1 | 3 | 2 | 0 |
| 2017 | 0 | 3 | 0 | 0 | 1 |
| 2018 | 0 | 2 | 3 | 2 | 0 |
| 2019 | 0 | 0 | 1 | 1 | 0 |
| 2020 | 0 | 0 | 0 | 1 | 1 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 1 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Moderne Ventures Core Fund III, L.P. Moderne Ventures is a strategic venture capital and growth equity firm investing in disruptive technology companies like AI, Robotics, Deep tech, Sustainability, Data and Digital Transaction Management. It focuses on multi-vertical technology companies with applications in real estate, insurance, finance and sustainability. Inferred from the firm's website | 2022 | $116.8M to $128.79M (Form D and SEC adviser filing) | Late investment period |
| Moderne Ventures Core Fund II-A, L.P. | approx. 2020 | $92.8M (SEC adviser filing) | Follow-ons only |
| Moderne Ventures Core Fund II, L.P. | 2020 | $66.67M to $110.41M (Form D and SEC adviser filing) | Follow-ons only |
03 · People across funds
- Carolyn Kwon, Managing Director
Moderne Ventures Core Fund III, L.P. (Team); Moderne Ventures Core Fund II, L.P. (Team)
- Constance Freedman, Founder and Managing Partner
Moderne Ventures Core Fund III, L.P. (Team); Moderne Ventures Core Fund II, L.P. (Team)
- Lindsay Hyde, Operating Partner
Moderne Ventures Core Fund III, L.P. (Team); Moderne Ventures Core Fund II, L.P. (Team)
- Liza Benson, Partner
Moderne Ventures Core Fund III, L.P. (Team); Moderne Ventures Core Fund II, L.P. (Team)
- Luc Nahas, Associate
Moderne Ventures Core Fund III, L.P. (Team); Moderne Ventures Core Fund II, L.P. (Team)
- Matt Burns, Vice President
Moderne Ventures Core Fund III, L.P. (Team); Moderne Ventures Core Fund II, L.P. (Team)
- Michael Ting, Vice President, Capital Formation & Investor Relations
Moderne Ventures Core Fund III, L.P. (Team); Moderne Ventures Core Fund II, L.P. (Team)
- Sam Delisi, Operating Partner
Moderne Ventures Core Fund III, L.P. (Team); Moderne Ventures Core Fund II, L.P. (Team)
- Seth Corder, Managing Director
Moderne Ventures Core Fund III, L.P. (Team); Moderne Ventures Core Fund II, L.P. (Team)
- Mark Michelson, Chief Financial Officer
On the team page, not linked to a fund
- Pei Ni Chng, Senior Associate
On the team page, not linked to a fund
04 · Recent deals
- Jan 27, 2026MeshGrowthFirmsource
05 · Latest from the firm
- InvestmentModerne VenturesUndated
- InvestmentModerne VenturesUndated
- InvestmentModerne VenturesUndated
06 · Sources
- https://www.moderneventures.com/passport
- https://www.moderneventures.com/team
- https://www.moderneventures.com/news-insights/moderne-invests-in-orbital-ai-platform---60m-series-b-funding-round
- https://www.moderneventures.com/news-insights/moderne-leads-sigma360s-series-b-to-scale-ai-powered-financial-crime-prevention-and-compliance
- https://www.moderneventures.com/portfolio
- https://www.moderneventures.com/news-insights/moderne-invests-in-mesh-series-c-company-reaches-1b-valuation
- https://www.moderneventures.com/
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026