Moderne Ventures Announces First Passport Class of 2019

Moderne Ventures accepts eight new companies into its Passport program; companies address seismic shifts in real estate, finance, insurance and home services

CHICAGO, Jan. 24, 2019—Moderne Ventures, a venture investment fund, announced today the eight new companies accepted into its 2019 Moderne Passport Program, an intensive 7-month industry immersion program where companies receive strategic guidance, participate in over 100 one-on-one mentor meetings with senior executive leaders and administer pilots with corporations in the Moderne Network.

The 2019 Passport Class companies are marketplaces, services and solutions that are using technologies, like blockchain and artificial intelligence, to help progress 100+ year old industries. This class has collectively raised over $150M in funding with collective valuations north of $700M. The new companies are:

  • ByteGain (bytegain.com)—Los Altos, CA: Artificial Intelligence platform that increases lead quantity, quality and performance

    AI platform that analyzes billions of online user behavior data points on websites and CRM systems to identify patterns in journeys enabling real-time conversion predictions, lead scoring and next best actions to close—increasing lead quantity, quality, and performance.

  • Eusoh (eusoh.com)—Los Angeles, CA: Spread the Love - the only community-based care plan for pets

    Insurance is complicated, costly, and confusing, so we've developed a simpler, cheaper, and transparent alternative that helps loving pet owners share the cost of accidents, diseases, and preventative care within their communities. Eusoh (you-so) is different, let us prove it!

  • Payfully (payfully.co)—New York, NY: Get commissions paid while in contract

    Transactions can take time to close, Payfully is a safe and secure way to get commission paid today with no hidden fees and same day transfers.

  • Porch (porch.com)—Seattle, WA: Porch gets the Job Done: home service and maintenance for residential homes and buildings

    Porch is a leading home improvement marketplace and service provider, connecting homeowners and building managers who need help with a project to home professionals that can provide a full suite of services from routine maintenance tasks to large or complicated renovations. 

  • Sagegreenlife (sagegreenlife.com)—Chicago, IL: Green living walls for greater spaces, places and life

    Nature plays a vital role in creating a productive and effective environment for people. Our patented living walls enable unparalleled performances and stunning visuals to make the ecosystems of our lives—work, schools, shops, homes—a greener place.

  • Snappt (snappt.com)—Los Angeles, CA: Instant identity and financial verification to prevent fraud 

    Snappt verifies rental and mortgage applicants’ identity instantly empowering the real estate industry with revolutionary AI enabled fraud software to reduce evictions and bad debt.

  • StreetWire (streetwire.net)—New York, NY: A data network for faster transactions and operational efficiency

    StreetWire’s network allows businesses to unlock the value of the data that they already produce.  By leveraging the network, there is greater transparency between transaction stakeholders and streamlined data recording and distribution rights allowing for faster, more secure transactions at lower costs. 

  • WattBuy (wattbuy.com)—Washington, DC: We empower residents to find the best rates and take charge of their electricity

    WattBuy is an electricity marketplace for residents to compare and choose their electricity provider. Consumers have free access, which can be co-branded, to user-friendly advice that saves time, money, and the planet.

“With every Passport class, we bring in the most innovative solutions addressing our industries. We help companies understand complexities, optimize their products and services and connect partners that can benefit most from them,” said Constance Freedman, Moderne Ventures founder and managing partner. “This is one of the most interesting classes we have had yet, and we are excited to help them make an impact.” 

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About Moderne Ventures
Moderne Ventures invests in technology companies in and around real estate, finance, insurance. Moderne operates both a Venture Fund and the Moderne Passport, an Industry Immersion Program designed to foster innovation, partnership and growth between industry partners and new emerging technology companies. Moderne works with over 700 executives and corporations within its core industries and evaluates over 4,500 emerging tech companies each year. Its principals have invested in over 80 companies including DocuSign, Updater, August, Better, Hello Alfred, TaskEasy, Homesnap and Leaselock. 

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As Constance Freedman, founder of VC fund Moderne Ventures, explained, “I think that a lot of people have finally sort of figured out that this is a gigantic market and a lot of opportunity within it. It's largely an antiquated industry and therefore there’s a lot of opportunity to help it evolve.”

Moderne Ventures Announces Its New Class of Seven Passport Companies

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Moderne Ventures, a venture investment fund, hosted its third annual Moderne Portfolio Company & Industry Summit last week hosting over 120 leaders in real estate, insurance and finance.  The leaders came together with Moderne’s 40+ portfolio companies in working sessions to foster partnership, innovation and growth.  At the Summit, Moderne announced seven companies selected for its 2018 Midyear Passport Program.

These seven companies were selected from over 4,500 companies Moderne reviewed this year. Passport Program participants have demonstrated unique, defensible solutions that are augmenting and challenging real estate, finance, insurance and home services industries – multi-trillion dollar industries ripe for innovation and change.

Companies selected into the Passport program will embark on an intensive 7-month industry immersion program where they receive strategic consulting to support the growth of their business, participate in over 100 one-on-one mentor meetings with senior executive leaders who are a part of the Moderne Network, capture pilot opportunities with leading corporations and garner exposure at major industry conferences.

Constance Freedman, Moderne Ventures Founder and Managing Partner, who has recently been named one of the most influential women by HousingWire shares, “These companies are addressing some of the core challenges facing our industries on a global scale.  They are positioned to make a dramatic impact.  Moderne was created to accelerate that growth by helping our companies, and our industry partners, create mutually beneficial relationships, share market feedback, rapidly iterate, and scale.”

The Moderne Passport 2018 Midyear Class has collectively raised almost $80M in funding prior to joining the class and collective valuations north of $200M.  The new companies are:

  • Dwelo (www.dwelo.com– Salt Lake City: Simple, seamless smart building technology platform
  • Geo CV (www. geocv.com– New York: Truly automated 3D computer vision technolog
  • Havenly (www.havenly.com– Denver: Online interior design that’s fun, convenient and affordable
  • PERQ (www.perq.com) – IndianapolisIncrease online conversions with guided buying journeys powered by artificial intelligence
  • Shyft (www.shyftmoving.com) – San Francisco: A technology and logistics company transforming the moving and relocation industry
  • Sisu (https://sisu.co/– Salt Lake City: Coaching and accountability sales platform
  • Super (www.hellosuper.com) – San Francisco: Home warranty that makes owning as easy as renting

 

About Moderne Ventures
Moderne Ventures invests in technology companies in and around real estate, finance, insurance. Moderne most often looks outside its industries to find game changing innovation that can be applicable within them.  Moderne operates both a Venture Fund and the Moderne Passport, an Industry Immersion Program designed to foster innovation, partnership and growth between industry partners and new emerging technology companies.  Moderne works with over 700 executives and corporations within its core industries and evaluates over 4,500 emerging tech companies each year.  Its principals have invested in over 60 companies including DocuSign, Updater, August, Better, Hello Alfred, TaskEasy, Homesnap and Leaselock.