modern venture Announcing 11 companies selected to participate in unique Moderne Passport industry concentration program

Chicago, April 16, 2024 /PRNewswire/ — modern venturea strategic venture capital and growth corporation that invests in technology companies in and around the real estate, finance, insurance, and sustainability industries; Announcing the Spring 2024 Modern Passport Class. The Moderne Passport program is an intensive six-month industry concentration that provides participants with the education, exposure, insight, and relationships to drive customer growth.

modern venture Announcing 11 companies selected to participate in unique Passport Industry Immersion Program

“At Moderne, we take a generalist approach to vertical investing, looking outside of our core industry to find technologies that can be applied within it,” he said. Constance FriedmanFounder and Managing Partner of modern venture. “This latest Passport cohort includes technology innovators who are pushing the boundaries of predictive analytics, artificial intelligence, sustainability, government policy, pet insurance, and last-mile delivery. We look forward to helping them gain exposure and grow their customer base.”

The Moderne Passport program accepts businesses at all stages.In this cohort, companies have raised more than $678 million in funding, ranging from seed to Series C, with an overall valuation of $1.3 billion up to now. The 11 companies are as follows.

• Residence (abodu.com) – (Redwood City, California): Beautifully designed and constructed accessory dwelling units transform your backyard space into a livable home for multi-generational households, aging homes, full-time rentals, and more.
  
• adduct (acreto.io) – (Jersey City, New Jersey): An enterprise-grade cybersecurity platform that identifies, connects, and secures any technology, anywhere.
  
• Companion protection (companionprotect.com) – (Leawood, Kansas): Trusted by property and casualty insurance companies, benefit companies, retailers, residential property managers, and animal shelter channel partners to manage pet insurance and wellness plans.
  
• size (getdimension.com) – (San Francisco, California): A fully digital platform that enables waste and recycling management of any waste stream and reduces carbon footprint
  
• FluidLytix (Fluidlytix.com) – (dallas texas): Intelligent water management that reduces your water bill by up to 30%
  
• Porco (porco.us) – (Madison, Wisconsin): modernizing the interaction between voters and government; Polco's platform enables voters to engage with government, and governments can make informed decisions based on voter input through online polls, industry-leading research, and performance data analysis. .
• evidence (proof.com) – (boston, massachusetts): As a pioneer in remote online notarization with the largest network of professional notaries in all 50 states, Proof (formerly Notarize) secures the digital economy with notarization and identity verification services, making every transaction more seamless and less costly. Less and more services.Safe
  
• Public grid (onepublicgrid.com) – (cambridge, massachusetts): A smarter green energy management platform that saves residential consumers electricity bills and reduces GHG emissions.
  
• Qloo (qloo.com) – (New York, New York): Use an advanced AI platform to understand and predict global consumer preferences, enabling businesses to achieve advanced personalization, improved customer experiences, and data-driven marketing and growth strategies.
  
• Real Sage (realsage.com) – (Toronto, Ontario): AI-driven decision support system for asset owners and operators – integrates data across the asset lifecycle from existing technologies to provide actionable insights and improve NOI
  
• The Rounds (rounds.co) – (Brooklyn, New York): Automate “inventory management” for reusable household essentials, deliver weekly scheduled refills via a unique bi-directional last-mile logistics network, maximize delivery efficiency with reusable packaging, and eliminate waste Reduce things.

“This is our 19^th Moderne Ventures' Passport class currently has over 125 companies participating in the program. We become an extension of companies' business development teams, helping them hone their go-to-market strategies and develop new distribution channels across multi-trillion dollar industries such as real estate, finance, insurance, and sustainability and over 1,500 Moderne networks. To do.”Partner” note carolyn kwon, modern ventures passport director.

modern venture Passport applications are being accepted on a rolling basis, with the next class starting in July.

about modern venture

modern venture is a strategic venture capital and growth equity firm. 500 million dollars A 15-year track record of generating top-class returns across assets under management and three funds. Moderne invests in technology companies in and around multitrillion-dollar industries ripe for innovation and disruption, including real estate, finance, insurance, and sustainability. The Fund takes a generalist approach to vertical investments and invests in companies that are relevant to both of these verticals and can expand beyond these industries to capture larger markets and top-tier venture returns. is focused on.

Moderne differentiates itself by drawing customers into its portfolio companies. Moderne has both a fund and an industry immersion program, Moderne Passport, aimed at fostering innovation, partnership and growth between industry partners and emerging technology companies. Moderne has built an extraordinary network of over 1,500 executives and companies within his core industries and programmatically connects his portfolio to industry networks to drive portfolio growth. Moderne has invested in over 150 companies across his three funds and has built an impressive track record through investments in companies such as Caribou, DocuSign, Homesnap, ICON, Measurabl, Proof, Porch, Qloo, and Xeal.

contact: carolyn kwon, (email protected)

View original content to download multimedia: https://www.prnewswire.com/news-releases/moderne-ventures-announces-2024-spring-passport-class-302117369.html

sauce modern venture

Information is based on the latest veterinary research.

learn more ”

Hello, this is Dr. Karin. Read my bio, get to know me more, and meet his five cheerful cats: Clutch, Cyril, Alex, Zelda, and Zazzles.

I would like to let you in on a secret. The thing I hate most about being a veterinarian is not euthanasia. We are not dealing with aggressive, overly loud, or out of control dogs. It's not like you're trying to check out a cat with sharp teeth and razor claws that wants nothing more than to claw your eyes out and eat your innards for dinner. Five children under the age of four running screaming around the exam room, unrestrained and unnoticed by their obviously oblivious parents, trying to explain complex surgical procedures and medical conditions to their owners. not.

The thing I hate most about being a veterinarian is talking about money.

We all love animals and want to help them in any way we can, so we worked hard, studied hard and spent many hours during our university holidays doing practical work. No vet gets into this job for the money, and if they do, they've obviously been misled somewhere along the way. The average annual salary for a veterinarian is approximately USD 100,000, and veterinarians are ranked 86th in the salary rankings.¹ I'm not saying $100,000 is a small amount, but I'm not saying $100,000 is a small amount, but I appreciate the amount of technical knowledge, skills, and responsibility required for the position, the approximately 8 years of study required, and the average college loan is $80,000. Considering the fact that it's $200,000, believe me, we're not doing this because we want to get rich, we're doing this for the love of animals.

Where does my money go?

A large part of veterinary medicine is business. We receive no government funding and, as you all know, health care costs are high. Equipment, supplies, medications, support staff, buildings, utilities, and ongoing training to keep up with the latest technology and information all cost money. And your vet should be paid too!

What has impacted veterinary fees over the past decade or so is the rise of veterinary integrators like Mars. They are expanding their interests from snacks and chocolate to the world of pet medicine. This giant company currently owns an astonishing 3,000 veterinary clinics around the world, 37 leading pet food companies including Royal Canin, Iams, Wiskas, and Sheba, 11 veterinary diagnostic companies, and a leading online We have controlling interest in veterinary pharmacies and suppliers.

What does that mean for pet owners?

• This means your local independent veterinary practice could be acquired by a wealthy company without you even knowing it. That's because they have cleverly retained all of their original branding and signage, with corporate ownership only showing in the small details.
• This means that in addition to the normal expenses faced by veterinary practices, profits must be funneled into the pockets of shareholders and boards of directors, who now control the price of pet veterinary care. This is something that veterinarians and support staff have to deal with. Rebound from price rise.
• This means that no matter how angry or frustrated you may be when the cost of veterinary care increases, neither veterinarians nor clinic owners can control prices.

Why do veterinary practices sell to these companies? Because the competition they create in the market makes it nearly impossible for an independent business to survive.

What does this have to do with insurance?

Yes, let's go back. Like everything else, pet insurance prices are steadily rising, leading many pet owners to make the difficult decision to cancel their insurance policy or switch to a cheaper company. However, there are problems with that decision:

• Many companies offer lower premiums.
  • Premiums increase each year and each time a claim is made.
  • You may only be paid for certain conditions, and you may only be paid a very limited amount per condition.
  • It only covers symptoms for 12 months, which is fine if it's a one-off injury or illness, but not if it's something that might recur later in life or a lifelong condition like diabetes. , guaranteed for 12 months. Monthly policies are not very useful.
• If you change companies, conditions noted in your pet's medical history will not be covered. For example, if your cat hurt her knee when she was 2 years old, and you need surgery on that knee 5 years later, and you changed companies during that time, you won't be covered for the surgery.
• If you cancel your insurance policy due to affordability, there is little chance that you will be able to pay for treatments and surgeries that can cost thousands of dollars.
  • Pet insurance companies usually have a minimum no-insurance period of 14 days, so if you think you can get insurance right away when something goes wrong with your pet, that doesn't always work.

As a veterinarian, it's clear that there are some things you can do for your pet, but it's not always easy to actually do it away from your pet. But I know the things I can't do are expensive, so all my pets have pet insurance. As you may know, I have five cats (and five dogs), so pet insurance costs me a lot of money each month, but I am committed to paying for them by adopting these pets. Masu. We choose not to do any major TV deals, are very frugal when it comes to grocery shopping, and regularly buy and sell on Facebook Marketplace (which is sustainable That's great from that point of view). I am fully aware that we are in a much better financial situation than many others, but my point is: how much are pet owners willing to sacrifice in their monthly expenses? We strongly recommend that you consider . There is room for pet insurance.

Our cats depend on us to care for them, and by adopting them we are saying that we can provide them with the best care possible, but unfortunately that care is not possible. is becoming expensive. Trust me, I know how frustrating it is to see pet insurance premiums taken out of your bank account every month, even though you (hopefully) will never use them. I believe he has spent over $15,000 on insurance for his current group of cats and has never filed a claim. But if something were to happen to your beloved cat and the vet bill would cost her more than $3,000, she'd be very grateful to have been able to find an insurance benefit of $15 to $20 per month. Probably.

A few years ago, when Sparky ran away and was hit by a car and brought to our clinic, we didn't know if he would survive. He required major surgery to repair his broken pelvis and jaw, with an estimated cost of about $4,000. Luckily, Sparky had a microchip, so he was able to contact his owner right away. And they said the words every veterinarian wants to hear in this situation: “We have insurance, so we'll be fine.”

As veterinarians, we do not make money from insurance. And the only reason we highly recommend this insurance to our customers is because if the worst happens, we want to do everything we can to make sure your cat returns home healthy. to you. We know prices are rising and we know how much stress that can add to an already difficult situation. Trust me, your vet hates talking about money when your cat is in trouble, but you know what we want to hear?

Don't worry, we also have pet insurance.

We hope you never need it, but if something goes wrong you'll be glad you did.

Related item:

SAN FRANCISCO – Dave Lambert knew something was wrong with 12-year-old Ender last Thursday when one of his family's two cats suddenly stopped eating. Ender is a sensitive pet who recognizes the sounds of the Lamberts' car, and regularly recognizes sounds. Greet them at the door.

To choose the best pet insurance for your pet, consider the features that are most important to you, such as fast reimbursements, unlimited coverage, low premiums, or low deductibles. Then compare plans and get quotes from your top three choices to see how your options stack up.

Factors to consider when choosing a plan include:

Get an accident and illness plan and consider wellness add-ons

Typical pet insurance plans include accident only, accident and illness, and wellness add-ons. Combining the Accident and Illness Plan with the Wellness add-on provides the most comprehensive cover for your pet from head to tail.

Please note coverage exclusions

Most accident and illness plans include diagnostic tests, medications, hospitalization, and surgery. Additional coverage varies by plan and may or may not include dental treatment, behavioral therapy, alternative therapies, orthopedic surgery, test costs, and end-of-life costs.

Considering the effects of Arizona's heat

With temperatures reaching up to 110 degrees in Phoenix, Arizona's intense summer heat puts pets at increased risk of heat stroke, dehydration, and other heat-related medical emergencies. These conditions often require emergency veterinary treatment and hospitalization, which can result in costly costs for Arizona pet owners.

To avoid thousands of dollars in out-of-pocket costs, Arizona pet owners should purchase a high-quality pet insurance plan with an annual coverage limit of $10,000 or more. This level of protection means owners are not financially responsible if their pet suffers a burn injury and requires life-saving treatment.

Please read the contract carefully

Be sure to read the proposed policy carefully before signing on the dotted line. Businesses cannot openly advertise exclusions, waiting periods, and details online, but this information can be found in the fine print of the policy.

Select a limit of at least $10,000 per year

Most insurance policies allow you to choose your deductible, coverage limits, and reimbursement rates. The more options available, the more likely you are to be able to adjust your monthly costs to find a rate that works for you. But make sure your coverage choices don't compromise the ease of use of your insurance.

You want to receive at least $10,000 per year in coverage so that you are fully financially covered in the event of an emergency. Emergency pet surgery can cost thousands of dollars, and you don't want to be asked to pay out of pocket. Additionally, an 80% reimbursement rate and $250 deductible provide sufficient coverage while keeping premiums on the low end.

Read online reviews

You can learn more about plans with each company by checking reviews on trusted sites like the Better Business Bureau (BBB) ​​and Trustpilot. If you notice people complaining about the same issue, consider whether it's a deal breaker for you.

Due to changes in state regulations, availability of certain plans and features may vary by state. Be sure to get a quote and make sure the plan you're considering is available for pets in Arizona.

We treat our pets like family members and take good care of them, but it can add up.

And Consumer Reports reveals that we spend billions of dollars each year on veterinarian fees.

If you think pet insurance could save you money on routine checkups and emergencies, listen up.

Find out how Consumer Reports found that not all pet insurance parents are satisfied, and why there may be better ways to save money.

Paulina Vargas had previously purchased pet insurance for her other dogs, but decided against purchasing Nigel and Bella.

“We decided that it made more sense for us not to pay a monthly fee for pet insurance and that paying out of pocket was the best option for us,” Vargas said.

Paulina is not alone. A Consumer Reports survey found that pet owners are highly dissatisfied with their pet insurance coverage.

“In our survey, more than 2,000 members shared their experiences with pet insurance, covering everything from the actual coverage, to the premiums they paid, to the claims process to get a refund. And overall. , there was no true top dog. In fact, most results found that the insurers were all about in the middle of the pack,” said Consumer Reports' Brian Vines.

CR looked at survey data from eight pet insurance companies. On average, the total cost per pet was about $47 per month.

Six insurers received moderate overall satisfaction scores, while two received the lowest ratings.

So what can be done to save? – Deposit the amount you will use for insurance premiums into a dedicated savings account.

“Insure yourself by putting money away each month in a high-yield savings account in case your fur baby needs medical help,” says Vines.

If you're having trouble paying for your pet's medical expenses, why not consider attending a veterinary school that offers discounts on everything from health checkups to spaying and neutering.

If your pet needs medication, shop around. You may find it cheaper to order medications online from places like Chewy, Petco, PetMeds, and Walmart Pet Pharmacy.

“We're very lucky. They're very healthy and happy,” Vargas said.

Pet Assure is a veteran pet insurance alternative company that has been providing discounted care to pet owners for over 25 years. They entered the market with the first pet insurance employee benefits program. We recently launched the Mint Wellness Plan, a new pet insurance alternative option for pet parents around the world.

Rather than focusing on covering unrelated veterinary expenses, Mint Wellness offers coverage and discounts for routine veterinary care. This plan allows pets of all ages and types for a flat fee. Best of all, you cannot refuse a pet based on pre-existing conditions.

Pet Assure Insurance Mint Wellness Plan Review