---
title: "July 2025 VC Fund Close: Modi Ventures Closes $88M Fund II for Tech-Bio Convergence"
description: "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."
date: 2025-07-16T00:00:00.000Z
tags: ["fund-close", "2026-vc-news", "venture-capital", "healthtech", "frontier-tech"]
source: https://venturecapitaltracker.com/nyc-vc-fund-news-2025-07-16-modi-ventures-88m-fund-ii
---

# 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

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