- Fund III will target 10 to 15 companies
- The fund’s initial investments include AI Clearing, an AI-powered autonomous construction progress tracking and quality control platform; and VendorPM, a software platform for property managers
- Founded in 2009, Prudence has $230 million in assets under management
New York City-based Prudence, an early-stage venture capital firm focused on tech companies, has closed their third fund at $80 million.
“We are grateful to our limited partners for their support and confidence in our team and investment thesis,” says Gavin Myers, a managing partner of Prudence in a statement. “We are excited to continue investing behind best-in-class founders who are transforming the built world through the development of advanced software solutions, data infrastructure capabilities, and artificial intelligence applications.”
Prudence invests at the seed to Series B stage and leads or co-leads investment rounds. Fund III will target 10 to 15 companies.
Prudence has already made initial investments in its third fund, including AI Clearing, an AI-powered autonomous construction progress tracking and quality control platform; and VendorPM, a software platform for property managers.
Founded in 2009, Prudence has $230 million in assets under management.
