The Venture Codex

Participated · Series B · Feb 2025

VRIFY develops DORA, an AI-assisted mineral discovery platform that helps mining companies predict mineral deposits, assess exploration potential, communicate project value to investors, and secure investment. The company combines AI with industry expertise and partners with nearly 200 companies across 70 countries, including 26 early-adopter clients. VRIFY employs a team of over 100 geoscientists, data scientists, developers, and industry professionals. Led by CEO and Founder Steve de Jong, the company is focused on accelerating industry-wide adoption of its platform. To support that goal it recently closed a Series B financing. The funds are intended to accelerate adoption of VRIFY's platform across the mining industry. Vrify offers 3D visualization technologies and 360-degree virtual tours to help mining companies communicate project details to investors. The platform includes interactive features that facilitate meaningful dialogue and ensure non-technical stakeholders can get up to speed quickly. Led by founder and CEO Steve de Jong, the company serves over 130 clients across 70 countries, including Southern Cross Gold, Teck, and Kinross Gold. Vrify raised $6M in a Series A round. The company intends to use the funds to develop new platform features and expand its team, with a focus on AI-led innovation. Vrify is based in Vancouver, BC, Canada.

Led · Equity · Sep 2023

Sandbox Royalties was founded in 2022 by Sandstorm Gold Royalties and Equinox Gold to build a leading diversified metals royalty company. The firm acquires royalty and streaming interests on mining projects and aims to create value for stakeholders while promoting sustainability. Proceeds from recent financing will be used to acquire three royalty and streaming assets on high-quality, in-construction mining projects. These acquisitions are expected to drive significant revenue growth and transform Sandbox’s diversified royalty portfolio. The company received growth financing that affects its near-term capital position and acquisition capacity.

Participated · Series C · Sep 2021

Kore.ai develops a no-code and pro-code platform that lets enterprises build, orchestrate and manage AI agents capable of automating complex workflows across customer, employee and back-office functions. The company positions itself as model-, data- and cloud-agnostic, allowing clients to choose their preferred infrastructure while maintaining security and scalability. Kore.ai’s technology has been recognized as a Leader in Gartner’s Magic Quadrant for Conversational AI Platforms and tops additional analyst evaluations from Forrester and Everest Group. Strategic partnerships with Microsoft (launch partner for Microsoft Agent 365) and AWS (agentic competency partner) help the firm support large-scale deployments. The firm serves 480 Global 2000 companies and is supported by more than 500 partners worldwide, underscoring meaningful commercial adoption. Headquartered in Orlando with offices across India, the UK, the Middle East, Japan, South Korea and Europe, Kore.ai aims to accelerate international expansion and deepen customer engagement. The new funding will be used to scale go-to-market initiatives, grow its agentic solutions marketplace, and continue product innovation. No revenue figures were disclosed in the article.

Participated · Equity · Mar 2021

Act-On Software is a growth marketing automation platform based in Portland, OR, led by CEO Kate Johnson. The company rebranded its Growth Marketing Automation Platform in June 2020 and has since delivered new innovations required by modern marketers. Recent product additions include Zoom webinar integration, an Automated Journey Builder for customer lifecycle support, transactional event-triggered email capabilities, and integrated real-time SMS messaging. Act-On also offers localized offerings in Canada and the European Union designed to comply with relevant data protection regulations. Its platform provides advanced capabilities such as segmentation, personalization, and multi-channel communications to drive value beyond customer acquisition. The company plans to use the new financing to grow customers and revenue through further product innovation, expanded go-to-market activities, and investment in its team and partner ecosystem. Act-On Software provides integrated marketing automation software to more than 2,000 companies, enabling multi-channel marketing and lead nurturing across email, web, mobile and social. The company also offers a professional services team, customer support, and an APEX ecosystem of partners. It was founded in 2008 and is led by CEO Raghu Raghavan, with offices in Beaverton; Roseville and San Mateo, California; Scottsdale, Arizona; London, United Kingdom; and Bangalore, India. Act-On serves small and mid-size businesses and departments of large enterprises. The company intends to use the funds to accelerate product development, expand sales, and increase brand recognition. As of this round it has raised a total of $74m. Act-On Software provides a cloud-based marketing automation platform that helps companies automate marketing campaigns. The company targets small and mid-sized businesses and competes with HubSpot, Marketo and Optify. It reported 300 percent growth last year and expects more triple-digit growth this year. Act-On plans to use new financing to expand globally and accelerate product development. The company is based in Beaverton, Oregon, and its founder and CEO is Raghu Raghavan. Industry research cited by the company forecasts 60 percent growth this year in B2B marketing automation to $525 million. Act-On Software offers a cloud-based marketing automation platform that lets marketers manage a variety of online marketing initiatives from a single system and integrates with applications including Salesforce.com and Webex. The company says it currently boasts over 250 active customers managing more than 25 million contacts. Act-On will use the new funding to ramp up product development, sales and marketing efforts and to expand internationally. It recently opened a UK sales office in partnership with Pipedream Marketing to serve the European market. The company closed a $10 million Series C and had secured $4 million roughly six months earlier. Act-On is based in Beaverton, Oregon.

Led · Series B · Jan 2019

Founded in 2002 by Al Karim Somji, Zafin designs customer‑centric financial services software used by many of the world’s largest financial institutions. Its solutions help banks power pricing, product and customer strategies, increase revenue generation, drive customer transparency and aid regulatory compliance. Zafin positions its platform to enhance banks' agility, improve customer experience and enable more personalized and profitable relationships. The company announced a $17.2M growth financing round and intends to use the funds to accelerate growth and innovation. Zafin previously entered a partial acquisition and strategic alliance with Accenture in December 2018. Zafin provides the miRevenue platform, which integrates customer, product, pricing and billing functions into a single solution for banks across retail, cash management, wealth management and custody services. The platform is used by financial institutions of all sizes to increase revenue, enhance operational efficiency, streamline regulatory compliance and enable connected digital banking. Zafin says clients trust miRevenue to process billions of transactions for hundreds of millions of customers and that the company has a 100 percent client retention rate. The company is executing a product and market development roadmap and has recently added members to its executive leadership team. Zafin states it continues to add top-tier banks to its client list and aims to gain substantial market share moving forward. The company markets itself as a trusted partner for banks seeking to improve customer understanding and competitiveness in digital banking. Zafin builds relationship-banking software for financial institutions, centering on its miRevenue Product and Pricing Lifecycle Management (PPLM) platform. miRevenue is presented as a start-to-finish PPLM solution to help banks bring products to market quickly with a focus on revenue enhancement. The suite is designed to manage products, pricing, loyalty and billing across the entire client relationship. Zafin says its client base includes many of the world’s largest tier-1 banks. The company plans to expand its international sales and marketing efforts and to accelerate its product roadmap. Zafin has received external growth capital to support that expansion. Zafin provides relationship banking software solutions to the financial services industry and is described as a market leader across Retail, Corporate, Wealth Management and Correspondent Banking. Its core product suite, miRevenue, is a Product & Pricing Lifecycle Management (PPLM) platform that helps banks manage products, pricing, loyalty and billing across client relationships. The company says it has an established customer base of global banking customers and a strong pipeline of new business. Zafin plans to use new financing to more aggressively pursue growth opportunities in the market. It completed a private financing arrangement for growth capital with Beedie Capital Partners. The deal is intended to support expansion and a long-term partnership with the investor.