Proptech investor Moderne Ventures raises $230M third fund

Moderne Ventures, a VC and growth equity firm specializing in proptech, fintech, insurtech and sustainability, raised over $230 million for its Core Fund III. Why it matters: VCs and LPs are back on the prowl for startup investments, after two slow years of dealmaking. How it works: Chicago-based Moderne's third core fund will focus on Seed to Series B investments, with a typical first check between $4 million and $8 million. • The firm plans to make 15 to 20 investments from the new fund, eight to 10 of which...