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The Venture Codex

Banc of California

18500 Von Karman Avenue, Suite 1100, Irvine, CA, 92612, United States

Overview

Banc of California is committed to building the top full-service bank serving California’s diverse private businesses, entrepreneurs, and homeowners with innovative banking products and exceptional service that simplifies financial lives and benefits the communities where our clients live and work. Our simple and fair approach to full-service banking is designed to eliminate the complexity of everyday banking and save you time so that you can focus on what’s important to you–growing your business, looking after family and employees, and planning for the future. That’s the Banc of California advantage and our commitment to you.

Total investments
5
Lead investments
1
Investments · 12mo
2
Active investors
3

Sector focus

  • Banking
  • Finance
  • Financial Services
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Investment portfolio

  • Artis

    Participated · Debt Financing · Jun 2026

    Founded in 2022 and based in Austin, Artis builds connected intelligence about residential design and construction practices to manage their brand presence across social media, websites, and AI search. The company serves more than 60 firms, including McALPINE, Kligerman AD, Schafer & Company, Cravotta Interiors, and Foursquare Builders. Artis centralizes each client’s voice, standards, and project decisions into underlying intelligence that feeds every surface it runs, with work that compounds over the life of the partnership. The company plans to expand its product from social media into websites and generative-engine optimization (GEO) and will launch websites and AI-search discoverability in the coming months. Artis has also made senior hires—Melissa Fodo as Head of Brand & Marketing and David Moon as Head of Client Partnerships—to support its growth.

  • Create Music Group

    Led · Equity · Mar 2026

    Founded in 2015, Los Angeles-based Create Music Group operates as an owner-operator and strategic partner to culturally influential independent labels, catalogs and creative businesses. The company rolls up specialist music assets such as broke., Monstercat, !K7 Music, Cr2 Records and Mau5trap onto a unified platform that provides technology, data, marketing and capital. Create deploys significant capital—over $500 million in the last 12 months alone—for acquisitions, advances and growth initiatives, most recently investing more than $300 million to take a stake in Nettwerk Music Group. Its platform preserves each label’s creative autonomy while leveraging centralized scale and analytics to drive global reach. Management positions the business as the definitive platform for music and media entrepreneurs in an era of rapid change in consumption channels. The newly raised funds will accelerate further M&A, technology development and international expansion. The company was valued at $2.2 billion in its latest round and remains majority-owned by its founders.

  • Odeko

    Participated · Debt Financing · Mar 2025

    Odeko provides a unified operations and technology portal that lets independent coffee shops, cafes, and other F&B businesses purchase supplies, track ordering trends, finance equipment, and receive local delivery. The platform connects customers to hundreds of national and local brands and offers direct-to-fridge/shop delivery up to seven days a week. Odeko serves more than 14,000 customers and operates warehouses in 15 major U.S. markets while serving the rest of the country via e-commerce. The company says customers using its portal can increase revenue, lower expenses and environmental footprint, and save on vendor management time. Odeko plans to use new capital to add services and cost savings for customers, acquire complementary businesses, and build out its leadership bench and technology offerings. Recent moves include the acquisition of Butter Insurance to provide tailored insurance solutions and senior hires from U.S. Foods and Roland Foods to accelerate expansion. Odeko offers smart operations software and supply‑chain tooling for independent coffee shops and cafés, enabling inventory management, data insights and purchasing from more than 400 vendors. The platform automates vendor ordering and procurement to reduce costs and environmental footprint while saving operators administrative time. Odeko works with roughly 10,000 small businesses and reports revenue growth of over 300% year‑over‑year. The company says customers can save up to 21% on cost of goods and reclaim up to 10 hours per week managing vendors. Odeko is active in 16 local markets (adding six markets in the past year, including Miami, Portland and Dallas) and is available across the United States via e‑commerce and other solutions. Management intends to use new capital to develop technology, scale operations, enter new markets and add adjacent offerings later this year.

  • Alchemy

    Participated · Seed · Oct 2024

    Alchemy is a San Francisco, CA-based company that supplies the physical, clinical, and digital infrastructure needed to build and operate in-house pharmacy programs. The company focuses on serving clinics with large HIV and Hepatitis C (HCV) patient populations. After setting up an in-house pharmacy, Alchemy designs and implements clinical pharmacy programs and deploys technology products that leverage the pharmacy to expand patient reach, improve health outcomes, and increase a clinic’s pharmacy financial impact. Alchemy raised $31M in Seed funding and plans to use the proceeds to accelerate growth and launch in-house pharmacy programs across 20 states over the next year. The company also intends to expand its offerings to include a mobile clinic program and a digital platform to streamline pharmacy operations and patient communication.

  • Enbrite.ly

    Participated · Equity · Nov 2014

    Enbrite.ly reveals hidden fraud in online advertising by building analytics into ads to analyze visitor behavior and segment audiences into bots and humans. It flags non-viewable ads and non-human clicks and warns advertisers about fraud before fees are paid. The company positions increased transparency into traffic sources and user conversion as a way to reduce customer acquisition costs. The article cites industry metrics that online advertising is a $121 billion business with as much as 36 percent of ads fraudulent, equating to $41 billion in annual fraud. Enbrite.ly is based in Budapest, Hungary, and its cofounder is Oszkar Rimoczi. Its current notable financial event is winning a $500,000 cash prize as Slush 2014's best startup.

Team

  • Steven A. Sugarman

    Founder & CEO

    LinkedIn
  • Ken McMullen

    SVP and Treasurer

    LinkedIn
  • Lynn Sullivan

    Executive Vice President, Chief Risk and BSA Officer