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Prudence holds final close for its third fund with $80m of capital
Fundraising - MARCH 7, 2024

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Prudence holds final close for its third fund with $80m of capital

by Lewis Dayton

Prudence, an early-stage venture firm investing in technology companies leading the global transformation of the built world, announced it has closed its third fund after raising $80 million of capital commitments.

“For us, the definition of built world really expands across multiple verticals that can be commercial real estate, residential real estate, construction, infrastructure, climate,” said Jordan Viniar, a partner at Prudence, in an interview with IREI. “We’re really looking at the primarily software-based technology solutions that are driving innovation in those verticals,” Viniar added.

Prudence has $230 million of assets under management, and the $80 million fundraise for this third fund exceeds the second fund’s fundraise of $65 million.

With this third fund, Prudence has already made initial investments, including in AI Clearing, an AI-powered autonomous construction progress tracking and quality control platform; Propexo, a unified API

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