Early-stage technology investor Moderne Ventures has raised up to $42.7m for Fund I, FinTech Global can reveal.
Moderne Ventures Fund I has received contributions from 66 backers, according to the latest US Securities and Exchange Commission filing. There is no target or goal listed for this vehicle.
The firm’s venture capital division backs technology and business services companies operating in the real estate, finance, insurance and home service industries. Morderne has built a network of over 700 corporations within its target sectors, which serve as investors, mentors and advisers to its fund and portfolio companies.
Alongside its venture fund, Moderne operates ‘Passport Program’, a seven-month project which offers participants with education, exposure, insight and relationships.
The Chicago-based firm has been fairly active in the FinTech sector, having already completed two transactions this year. Last month, it participated in the $10m Series A round of insurance platform for the rental housing industry LeaseLock.
Its other deal in the sector this year, was a commitment to Homesnap, a property management solution to support brokers and agents increase revenue and simplify listings.
There has been a series of firms to raise FinTech funds this month. Earlier in the week, FinTech Global reported InsurTech-focused venture firm MTech was looking to raise $150m for its flagship fund.
Rocket Internet, DCM Ventures, Nordic Capital and Underscore VC are among the investors to raise capital this month to invest in the FinTech space.
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