Insights from the Top
As the pandemic eases in the United States, Americans are anticipating a return to normalcy. But what will that really look like?
As Constance Freedman, Moderne Ventures Founder and Managing Partner states, “employers are facing the reality that virtual work, in some form, is here to stay as the work/play/live overlap continues to increase. As such, industries must remain responsive and highly adaptive to this change and Moderne supports our corporate partners in pioneering these technological advances.”
Here’s what is happening across the MV ecosystem this month:
All Things SPAC
In April, Freedman spoke with Matt Ehrlichman the CEO & Founder of Porch, the vertical software platform for the home. The two discuss Ehrlichman’s entrepreneurial journey and his experience taking a company public via a SPAC merger.
Announcing the Newest Passport Class
In April, Moderne Ventures’ was pleased to announce its 2021 Passport Class: JoyHub, Kaiyo, Peek, Piñata, MotoRefi, Tailorbird and Trash Butler which have raised over $32M in funding with collective valuations north of $230M. On April 29, hundreds of participants tuned in to hear directly from the founders at Innovation Day.
Fund Performance
Fintech disruptor Better, one of Modernes’ portfolio companies and one of the fastest growing home ownership startups in the country, secured a $500 million investment from SoftBank, valuing the company at $6 billion.
Insurance startup Hippo announced plans to go public via SPAC at a $5 billion valuation in March. WSJ covered the announcement.
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