Moderne Ventures, the Chicago-based venture fund launched by the former head of the National Association of Realtors’ venture initiatives, has accepted nine companies into its 2022 Passport Program, it was announced Thursday.
Moderne, which claims $350 million in assets under management and evaluates over 4,500 emerging tech companies each year, says its Passport Program provides participating companies with education, exposure, insight and relationships to drive customer growth.
Companies participating in the six-month industry immersion program gain access to Moderne’s network of over 700 executives and corporations.
“We help companies understand complexities, optimize their products and services, and connect them to partners who can benefit most from them,” said Constance Freedman, Moderne Ventures’ founder and managing partner, in a statement.
The nine companies selected for the 2022 Passport Program have raised more than $52 million in funding, which collectively value the companies at $268 million.
The companies are:
Some of Moderne’s more notable investments in residential real estate include Better, Easy Knock, Hippo, ICON and Porch. Moderne has already exited investments in a number of companies, including Contactually, Homebot and Homesnap.
Before launching Moderne in 2015, Freedman led NAR’s venture initiatives, Second Century Ventures and REach, a startup accelerator. This week REach announced eight companies participating in its 2022 tech accelerator program: Courted, Fractional, Inspectify, leadPops, PLACE, Perchwell, Reggora and Revive.
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