DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Moderne Capital, LP
Moderne Capital, LP
Moderne Ventures is a strategic venture capital and growth equity firm investing in disruptive technology companies.
both early and growth/opportunity families, reported GAV $516M
Importance
52
elevated
Active deployment
55
elevated
Emerging
0
low
Completeness
75
high
Freshness
100
high
Research priority
20
moderate
Identity and regulatory footprint
- Headquarters
- Chicago, ILadviserinfo.sec.gov
- Office address
- 401 N MICHIGAN AVENUE, SUITE 1900, Chicago, IL, 60611adviserinfo.sec.gov
- Business phone
- 617-308-3191adviserinfo.sec.gov
- SEC adviser type
- exempt reporting adviseradviserinfo.sec.gov
- SEC exemption claimed
- venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
- Latest Form ADV
- Apr 1, 2026
- Private funds reported
- 18 (18 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $609Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Owners on Schedule A
- Moderne Capital, LP (Owner Of Moderne Associates Iii, Llc), NA; Moderne Capital GP, LLC (Gp Of Moderne Capital, Lp), NA
- business email
- ir@moderneventures.commoderneventures.compublished by the subject
- business email
- deals@moderneventures.commoderneventures.compublished by the subject
- business email
- media@moderneventures.commoderneventures.compublished by the subject
- business email
- platform@moderneventures.commoderneventures.compublished by the subject
- business phone
- 617-308-3191adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
32 observed deals
Stated (the firm’s website)
- Sectors
- ai, enterprise software, climate, deep tech, hardware, robotics
- Stages
- series b, growth, multi stage
- Geography
- chicago, global, michigan
- Check size
- not stated; DFX does not estimate checks from round sizes
- Self-described
- growth investor
Observed (from deals on record)
Stage at participation
series b 100%
Stage at first entry
series b 100%
Sectors
unknown 97%Other Technology 3%
lead rate 100%follow-on rate 0%new logos, 12 months 32
Funds and vehicles
19 reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Moderne CoInvest Fund XIII - Mesh, LLC | SPV or co-invest vehicle | 2026 form d first sale | Newly closed | unknown | unknown | $2.3M of $2.3M | Feb 4, 2026 |
| Moderne CoInvest Fund XII - ICON II, LLC | SPV or co-invest vehicle | 2025 form d first sale | Newly closed | unknown | unknown | $2.5M of $2.5M | May 1, 2025 |
| Moderne Ventures Growth Fund I, L.P. | Growth fund | 2025 form d first sale | Fundraising | unknown | unknown | $74.9M | Apr 8, 2026 |
| Moderne Coinvest Fund X - Notarize LLC | SPV or co-invest vehicle | 2024 adv first reported | Early deployment | $3.0M Mar 31, 2024 | 17 | unknown | unknown |
| Moderne Coinvest Fund Viii - Measurabl LLC | SPV or co-invest vehicle | 2024 adv first reported | Early deployment | $1.7M Mar 31, 2024 | 9 | unknown | unknown |
| Moderne Coinvest Fund Ix - Aerwave II LLC | SPV or co-invest vehicle | 2024 form d first sale | Early deployment | $1.5M Mar 31, 2024 | 5 | $450,000 of $450,000 | Mar 12, 2024 |
| Moderne Coinvest Fund Xi - Qloo LLC | SPV or co-invest vehicle | 2024 form d first sale | Early deployment | $528,375 Mar 31, 2024 | 3 | $228,375 of $228,375 | Jan 29, 2024 |
| Moderne Ventures Co-Invest Fund VII - Aerwave, LLC | SPV or co-invest vehicle | 2023 adv first reported | Active deployment | $1.6M Mar 31, 2024 | 3 | unknown | unknown |
| Moderne Ventures Core Fund III, L.P. | Fund | 2022 form d first sale | Active deployment | $129M Mar 31, 2024 | 83 | $117M | Oct 4, 2023 |
| Moderne Ventures Qp Co-Investment, LLC | SPV or co-invest vehicle | 2022 adv first reported | Active deployment | $16.6M Mar 31, 2024 | 2 | unknown | unknown |
| Moderne Co-Invest Fund V - Easyknock, LLC | SPV or co-invest vehicle | 2022 adv first reported | Active deployment | $9.3M Mar 31, 2024 | 16 | unknown | unknown |
| Moderne Co-Invest Fund V - Xeal, LLC | SPV or co-invest vehicle | 2022 adv first reported | Active deployment | $6.5M Mar 31, 2024 | 14 | unknown | unknown |
| Moderne Ventures Core Fund Ii-A, L.P. | Feeder or parallel | 2021 adv first reported | Mature | $92.8M Mar 31, 2024 | 42 | $0 | Dec 18, 2020 |
| Moderne Ventures Co-Invest Taskeasy C, LLC | SPV or co-invest vehicle | 2021 adv first reported | Mature | $194,256 Mar 31, 2024 | 3 | unknown | unknown |
| Moderne Ventures Co-Invest Fund II. LLC | SPV or co-invest vehicle | 2021 adv first reported | Mature | $44,237 Mar 31, 2024 | 7 | unknown | unknown |
| Moderne Ventures Co-Invest Fund, LLC | SPV or co-invest vehicle | 2021 adv first reported | Mature | $25,467 Mar 31, 2024 | 2 | unknown | unknown |
| Moderne Ventures Core Fund II, L.P. | Fund | 2020 form d first sale | Mature | $110M Mar 31, 2024 | 87 | $66.7M | Mar 19, 2021 |
| Moderne Ventures Co-Invest Fund IV - Icon, LLC | SPV or co-invest vehicle | 2020 form d first sale | Mature | $60.0M Mar 31, 2024 | 38 | $3.0M of $3.0M | Feb 18, 2020 |
| Moderne Ventures Fund I, L.P. | Fund | 2015 form d first sale | Harvest | $83.3M Mar 31, 2024 | 78 | $42.8M | May 29, 2018 |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
21 current, 0 departed
Luc Nahas
AssociateAssociate
Michael Ting
Investor relationsVice President, Capital Formation & Investor Relations
Rachel Warden
Investor relationsInvestor Relations Associate
Constance Freedman
Managing partnerFounder and Managing Partner
Lindsay Hyde
Operating partnerOperating Partner
Sam Delisi
Operating partnerOperating Partner
Moderne Ventures
OtherPortfolio News & Insights Team
Carolyn Kwon
PartnerManaging Director
Connor Kause
PartnerProgram Manager
Constance a Freedman
PartnerOwner And Manager Of Moderne Associates Iii, Llc · since Jun 1, 2022
Liza Anne Boyd
PartnerOwner Of Moderne Associates Iii, Llc · since Jun 1, 2022
Liza Benson
PartnerPartner
Seth Corder
PartnerManaging Director
Lila Trickle
Platform and operationsChief of Staff and Chief Communications Officer
Mark Michelson
Platform and operationsVice President of Finance
Paige Evangelista
Platform and operationsExecutive Assistant
Dylan Ketcham
PrincipalPrincipal
Nicole Weldon
PrincipalDirector of Partnerships and Passport
Ahmad Tahir
Vice presidentVice President
Matt Burns
Vice presidentSenior Associate
Pei Ni Chng
Vice presidentSenior Associate
Investments on record
32 edges, 32 companies, 0 partner-attributed
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
16 relationships from shared deals, counted for the whole firm
Hannah Grey Ventures, LLC 1 shared · one timeActivant Capital Group LLC 1 shared · one timeManhattan West Asset Management, LLC 1 shared · one timeK50 Ventures 1 shared · one timeIA Capital Group, Inc. 1 shared · one timeMotley Fool Ventures 1 shared · one timeMaveron LLC 1 shared · one timeEpsilon Health Investors, LLC 1 shared · one timeRHO Capital Partners 1 shared · one timeGrotech Management Company 1 shared · one timeMercato 1 shared · one timeQED Investors, LLC 1 shared · one timeVerity Venture Partners, LLC 1 shared · one timeN49p Management, LLC 1 shared · one timeZacua Manco 1 shared · one timeVocap Partners 1 shared · one time · we led 1
Limited partners
0 disclosed
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Timeline
49 dated events
- Sep 16, 2026Closingtheory no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceClosingtheoryVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026chateauz.io no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferencechateauz.ioVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Caribou no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceCaribouVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Bytegain no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceBytegainVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Butlerplus no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceButlerplusVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026brokerbot.ai no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferencebrokerbot.aiVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Breaksports no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceBreaksportsVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Better no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceBetterVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Bentoforbusiness no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceBentoforbusinessVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Bendhsa no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceBendhsaVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026avvir.io no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceavvir.ioVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026AUGUST no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceAUGUSTVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Auditmate no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceAuditmateVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Audiencetown no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceAudiencetownVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026audette.io no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceaudette.ioVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Arcbazar no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceArcbazarVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026aquanta.io no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceaquanta.ioVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Dwelo no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceDweloVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Algoma Inc. no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceAlgoma Inc.Venture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Helloalfred no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceHelloalfredVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Airside no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceAirsideVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026aerwave.io no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceaerwave.ioVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026actionfigure.ai no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceactionfigure.aiVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026acreto.io no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceacreto.ioVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Acres no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceAcresVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Acornfinance no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceAcornfinanceVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Aclaimant no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceAclaimantVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Abodu no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceAboduVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 2026Goabode no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInferenceGoabodeVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 16, 20263vinfrastructure no longer listed on Moderne Capital, LP's portfolio pageRemoved from portfolio pagePortfolioInference3vinfrastructureVenture organization websites (about, team, portfolio, thesis, news pages)
- Sep 12, 2026Moderne Capital, LP: INSTITUTIONAL_VC -> MULTI_STAGE_VC (both early and growth/opportunity families, reported GAV $516M)Classification changedClassificationInferenceno URL
- Mar 31, 2024Moderne Coinvest Fund Ix - Aerwave II LLC first reported on Form ADV by Moderne Capital, LP (Venture Capital Fund), GAV $1,488,401Fund first reported on Form ADVFundsFactModerne Coinvest Fund Ix - Aerwave II LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2024Moderne Coinvest Fund Xi - Qloo LLC first reported on Form ADV by Moderne Capital, LP (Venture Capital Fund), GAV $528,375Fund first reported on Form ADVFundsFactModerne Coinvest Fund Xi - Qloo LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2024Moderne Coinvest Fund Viii - Measurabl LLC first reported on Form ADV by Moderne Capital, LP (Venture Capital Fund), GAV $1,668,498Fund first reported on Form ADVFundsFactModerne Coinvest Fund Viii - Measurabl LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2024Moderne Coinvest Fund X - Notarize LLC first reported on Form ADV by Moderne Capital, LP (Venture Capital Fund), GAV $3,015,000Fund first reported on Form ADVFundsFactModerne Coinvest Fund X - Notarize LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2023Moderne Ventures Co-Invest Fund VII - Aerwave, LLC first reported on Form ADV by Moderne Capital, LP (Venture Capital Fund), GAV $478,000Fund first reported on Form ADVFundsFactModerne Ventures Co-Invest Fund VII - Aerwave, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2023Moderne Ventures Core Fund III, L.P. first reported on Form ADV by Moderne Capital, LP (Venture Capital Fund), GAV $89,547,980Fund first reported on Form ADVFundsFactModerne Ventures Core Fund III, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Jun 1, 2022Liza Anne Boyd joined Schedule A of Moderne Capital, LP as Owner Of Moderne Associates Iii, Llc
- Mar 29, 2022Moderne Co-Invest Fund V - Xeal, LLC first reported on Form ADV by Moderne Capital, LP (Venture Capital Fund), GAV $2,025,000Fund first reported on Form ADVFundsFactModerne Co-Invest Fund V - Xeal, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2022Moderne Ventures Qp Co-Investment, LLC first reported on Form ADV by Moderne Capital, LP (Venture Capital Fund), GAV $5,019,016Fund first reported on Form ADVFundsFactModerne Ventures Qp Co-Investment, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2022Moderne Co-Invest Fund V - Easyknock, LLC first reported on Form ADV by Moderne Capital, LP (Venture Capital Fund), GAV $7,435,000Fund first reported on Form ADVFundsFactModerne Co-Invest Fund V - Easyknock, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Moderne Ventures Core Fund Ii-A, L.P. first reported on Form ADV by Moderne Capital, LLC (Venture Capital Fund), GAV $9,340,267Fund first reported on Form ADVFundsFactModerne Ventures Core Fund Ii-A, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Moderne Ventures Co-Invest Fund II. LLC first reported on Form ADV by Moderne Capital, LLC (Venture Capital Fund), GAV $1,127,035Fund first reported on Form ADVFundsFactModerne Ventures Co-Invest Fund II. LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Moderne Ventures Co-Invest Fund, LLC first reported on Form ADV by Moderne Capital, LLC (Venture Capital Fund), GAV $113,011Fund first reported on Form ADVFundsFactModerne Ventures Co-Invest Fund, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Moderne Ventures Co-Invest Taskeasy C, LLC first reported on Form ADV by Moderne Capital, LLC (Venture Capital Fund), GAV $149,998Fund first reported on Form ADVFundsFactModerne Ventures Co-Invest Taskeasy C, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Moderne Ventures Co-Invest Fund IV - Icon, LLC first reported on Form ADV by Moderne Capital, LLC (Venture Capital Fund), GAV $7,637,583Fund first reported on Form ADVFundsFactModerne Ventures Co-Invest Fund IV - Icon, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 31, 2021Moderne Ventures Core Fund II, L.P. first reported on Form ADV by Moderne Capital, LLC (Venture Capital Fund), GAV $66,260,900Fund first reported on Form ADVFundsFactModerne Ventures Core Fund II, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 27, 2017Moderne Ventures Fund I, L.P. first reported on Form ADV by Moderne Capital, LLC (Venture Capital Fund), GAV $6,774,503Fund first reported on Form ADVFundsFactModerne Ventures Fund I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Nov 27, 2017Moderne Capital, LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 12, 2026Multi-stage venture firm (confirmed, 95%, cls-1)both early and growth/opportunity families, reported GAV $516M
- Sep 12, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $516M across 16 vehicles
Evidence
54 observations from 3 sources