July 2025 VC Fund Close: Modi Ventures Closes $88M Fund II for Tech-Bio Convergence
Houston-based Modi Ventures closed its oversubscribed second fund at $88 million on July 16, 2025, investing at the intersection of AI, biology, and medical technology.
Modi Ventures closed Fund II at $88 million on July 16, 2025 — an oversubscribed raise completed in ~3 months, bringing total committed capital to $134M+.
Key facts
- Firm: Modi Ventures
- Date announced: July 16, 2025
- Fund size: $88 million (Fund II)
- Total committed: $134M+ (Fund I + II)
- Focus: Tech-bio convergence — AI × biology × medtech
- HQ: Houston (Texas Medical Center / Helix Park)
- Founded: 2022
Investment themes
Cell reprogramming, AI-driven drug discovery, diagnostics, therapeutics — via proprietary financial engineering selecting resilient fund and company portfolios.
Fund I context
Raised $30M+ in 2023 during the 2022 market downturn — proving thesis through volatility.
Sources
- PR Newswire (July 16, 2025): https://www.prnewswire.com/news-releases/modi-ventures-raises-88-million-for-second-fund-to-invest-in-tech-bio-convergence-302505446.html
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