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The Venture Codex

Avenue Growth Partners

1701 Rhode Island Ave NW, 4th Floor, Washington, DC, 20036, United States

Overview

Avenue Growth Partners is a growth capital firm that seeks to invest in high-growth B2B software companies at the expansion stage.

Total investments
8
Lead investments
8
Investments · 12mo
5
Active investors
2

Sector focus

  • B2B
  • Business Development
  • Financial Services
  • Venture Capital
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Investment portfolio

  • Billables AI

    Led · Series A · Jun 2026

    Billables AI provides an AI-native operational intelligence platform that passively captures work activity, generates billing narratives, and delivers time capture, billing optimization, productivity and workflow insights for law firms. The platform integrates via secure APIs with productivity tools such as Microsoft 365, Google Workspace, Zoom and Adobe, as well as law practice management platforms including Centerbase, Litify, SurePoint, 8am/MyCase, Clio and LeanLaw. The company emphasizes privacy and security by avoiding screenshot or screen-monitoring approaches in favor of API integrations. Billables AI serves hundreds of law firms—particularly midmarket practices—and aims to surface operational data to support pricing, staffing and AI governance decisions. Founded in 2023 and based in San Francisco, the company recently won “Legal Tech Company of the Year” at the 2026 Legalweek Leaders in Tech Law Awards. Financially, it raised $3.9 million in seed funding in 2024 and closed a $10.2 million Series A in 2026 to fund R&D, go-to-market expansion and partnership growth.

  • Scispot

    Led · Series A · Jun 2026

    Scispot offers an AI-native operating layer that connects instruments, samples, workflows, approvals, and data to make lab work traceable and automatable. The platform captures context, sample lineage, audit trails, approvals, and instrument runs to enable structured, traceable lab data and human review where required. Scispot serves 100+ labs across sectors including biotech, pharma, diagnostics, genomics, CRO/CDMO, bioproduction, biobanking, and testing, supporting 250+ instrument types and 1,000+ experiments per month and managing millions of samples. The company is headquartered in Kitchener-Waterloo, Ontario and positions itself as a model-agnostic context layer that can enable AI agents to work with real lab context. Scispot’s long-term vision is a self-driving lab where routine coordination, data capture, analysis, and reporting run automatically while scientists retain control for review and sign-off. The recent $8M Series A is intended to fund product and engineering development, AI work, implementation, and customer success expansion, with hiring focused on high-skill roles in Canada.

  • Datatruck

    Led · Series A · Jan 2026

    Datatruck provides a unified transportation management platform that acts as the single system of record for dispatch, load management, compliance, and embedded financial workflows. The software integrates 150+ external tools—including fuel cards, factoring, and compliance solutions—to streamline day-to-day carrier operations. Built around AI agents, the system automates routine tasks, surfaces real-time profitability insights, and delivers automated IFTA reporting and integrated factoring through its FinTruck module. This functionality helps carriers reconcile financial data, minimize revenue leakage, and improve decision-making at scale. The company serves approximately 500 long-haul carriers across the United States and reports triple-digit year-over-year growth as fleets migrate off legacy TMS products. Management plans to deepen Datatruck’s AI capabilities, expand product development, and grow customer-facing teams with its new funding. Headquartered in the Chicago area, Datatruck positions itself as the modern operating backbone for carriers seeking efficiency and profitability.

  • Renterra

    Led · Series A · Jan 2026

    Renterra offers a comprehensive operating system that helps equipment rental companies streamline operations, enhance customer experience, and drive growth. The cloud platform supports functions such as inventory management, marketing, and analytics, and is increasingly infused with practical AI to automate decision-making and optimize performance. Hundreds of rental businesses across the United States and Canada already run on Renterra, collectively processing hundreds of millions of dollars in rental transactions each year. The company’s vision is to become the definitive technology stack for the rental industry over the next decade. With fresh funding, Renterra plans to expand its engineering, product, customer success, and go-to-market teams while accelerating AI development. The announcement was released from Chicago, underscoring the firm’s Midwestern roots and growing national footprint.

  • Boom

    Led · Equity · Oct 2025

    Boom has built what it calls the world’s first AI-powered Property Management System (AiPMS) that acts as an intelligent co-pilot for short-term rental and hotel operators. The platform automates guest communications, task management, maintenance, reviews and financial workflows, with clients reporting that 80 % of traveller messages are now handled autonomously by Boom’s AI. Operating in 20 countries across five continents, the company gives operators real-time performance transparency through built-in reporting and business intelligence tools. Boom claims measurable gains such as higher conversion rates, revenue growth and significant labour savings, reflected in an exceptional Net Promoter Score of 86—more than double the SaaS industry average of 36. The firm positions itself at the forefront of “agentic AI,” developing next-generation autonomous systems that can make and act on operational decisions. Newly secured capital will finance international market expansion, bolster engineering, data science and customer-success hiring, and fuel further agentic-AI R&D. Founder and CEO Shahar Goldboim states the mission is to lighten property managers’ workloads so they can focus on growth and owner relations.

Team