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Corigin Ventures raises $36M debut fund and looks beyond real estate

Corigin Ventures has traditionally invested in real estate startups using capital from its parent company, New York real estate developer Corigin. The venture investment arm, founded in 2012, has its roots tied to property all over the east coast, from Miami multi-family residences to New York University student dorms. Thus, in the past, Corigin Ventures’ investments have reflected more of the same: portfolio companies include real estate startups Compass and Bowery Valuation.
Now, Corigin’s appetite is changing. Today, Corigin Ventures closed its first institutional fund at $36 million to invest in seed startups; this is the first independent fund from Corigin. With new limited partners in the mix, Corigin is pushing an investment strategy that includes marketplace and consumer startups. The firm also hired a new partner, Aubrie Pagano .
With new capital in hand, Corigin is looking to write large checks and lead seed rounds. The firm’s partners will use the debut fund to write checks between $500,000 to $1 million for pre-seed and seed-stage startups. Corigin will invest across 25 companies with this fund, at roughly six to 10 deals a year, according to David Goldberg, general partner at Corigin Ventures.
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