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

1. 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