Prudence Raises $80M for Prop-tech Fund
March 10, 2024, 7:44 pm
Prudence, a NYC-based VC firm, has quietly closed an $80 million fund for property tech and related industries. Founded in 2009, the firm focuses on sectors like construction, real estate, and climate/energy adaptation. Prudence invests from seed to Series B, targeting 10-15 companies per fund. The firm has already made three investments out of Fund III, including AI Clearing, Propexo, and VendorPM. With $230 million in AUM, Prudence has backed companies like Compass and Crexi. The firm's founder, Gavin Myers, emphasizes the importance of digital tools for the future of commercial real estate.