HomeUSAPrudence Closes $80M Fund III

Prudence Closes $80M Fund III


Prudence, a NYC-based early-stage venture firm investing in technology companies, closed its third fund, at $80m. 

Founded in 2009 and led by Gavin Myers, Managing Partner, Prudence is an early-stage venture capital firm investing in technology companies leading the global transformation of the built world. The firm invests across multiple verticals, including construction, real estate, infrastructure, and climate/energy adaptation. 

They invest at the Seed to Series B stage and leads or co-leads investment rounds, aiming to invest in 10-15 companies per fund and supporting its founders through active roles as both an investor and board member. 

Prudence is an early investor in companies such as AI Clearing, CASAFARI, Compass (NYSE: COMP), CREXi, Evernest, Hemlane, Maxwell, Morty, Propexo, Salus, Sundae, and VendorPM. The firm has $230m in assets under management. 

Prudence has already made initial investments in its third fund, including AI Clearing, an AI-powered autonomous construction progress tracking and quality control platform; Propexo, a unified API for property management software that enables engineers to launch integrations within days rather than months; and VendorPM, a software platform that modernizes how property managers work with vendors by automating vendor management, sourcing, procurement & compliance.