Moderne Coinvest Fund IX - Aerwave II LLC
Moderne Ventures · adviser of record: Moderne Capital, LP · 2023 vintage
Moderne Coinvest Fund IX - Aerwave II LLC is a 2023 venture fund managed by Moderne Ventures, with $450k raised (Form D, amount sold). It reported $772k in gross assets at year-end 2025, 1.72x its size, against a peak of $1.5mm in 2023.
- Latest value held
- $772k year-end 2025
- Peak
- $1.5mm year-end 2023
- Fund size
- $450k Form D, amount sold
- Held vs. size
- 1.72x peak 3.31x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $772k | 1.72x | -48% over 2 yrs |
| 2023 | $1.5mm | 3.31x | – |
Other funds from Moderne Ventures
- Moderne Coinvest Fund X - Notarize LLC 2023
- Moderne Coinvest Fund VIII - Measurabl LLC 2023
- Moderne Ventures Core Fund III, L.P. 2022
- Moderne Ventures CO-Invest Fund VII - Aerwave, LLC 2022
- Moderne Ventures QP CO-Investment, LLC 2021
- Moderne CO-Invest Fund V - Easyknock, LLC 2021
- Moderne CO-Invest Fund VI - Xeal, LLC 2021
- Moderne Ventures Core Fund II, L.P. 2020
- Moderne Ventures CO-Invest Fund IV - Icon, LLC 2020
- Moderne Ventures CO-Invest Fund II LLC 2020
- Moderne Ventures Fund I, L.P. 2015
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-4857171872. Data updated October 13, 2026.
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