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The Venture Codex

Benson Capital Partners

1450 Poydras St Suite #404, New Orleans, LA, 70112, United States

Overview

Benson Capital, a private, for-profit entity that facilitates new business formation, workforce expansion, and wealth creation across the Gulf South. Benson Capital – through Gayle Benson’s private investing – provides capital and resources in the most promising companies that are addressing large markets.

Total investments
6
Lead investments
3
Investments · 12mo
0
Active investors
1
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Investment portfolio

  • Prokeep

    Participated · Series A · Nov 2024

    Prokeep is a New Orleans, LA–based provider of a customer communication and engagement platform for distributors. Led by CEO Jack Carrere, the platform centralizes digital inbound communication and unlocks an outbound sales engine for distributors. It aims to deliver a better customer experience, create more sales opportunities, and increase operational efficiency for distributor customers. The platform is used by ABC Supply, WinSupply, Johnstone Supply, City Electric Supply, NAPA, and Ferguson. Prokeep has formed partnerships with manufacturers including LG, Paccar Parts, High Bar Brands, JCI, Allied Air, and Schneider Electric. The company plans to use new funding to accelerate growth and expand its demand generation capabilities designed for distributors. Prokeep is a web-based end-to-end communications and commerce platform built for the distributor market. The platform streamlines ordering, deliveries, and pickups in a single workplace and evolves based on distributor feedback. Co-founded by Jack Carrere, McKay Johnson, and Mark Kanof, the company serves over 1,000 distributors throughout the US and Canada. Prokeep employs over 60 people in New Orleans, Atlanta, and across the US. The company plans to use new funding to accelerate marketing and sales in the construction industry, expand partnership channels, and enter additional industries. It raised $9M in Seed funding to support these growth initiatives.

  • ARIX Technologies

    Led · Series A · Jun 2023

    ARIX Technologies develops in-house robotic pipe-crawling devices that perform non-destructive testing and feed data into its AI-based analytics platform. The company targets industrial facilities such as petrochemical plants and electric utilities to help prevent costly shutdowns and environmental incidents caused by pipe corrosion. ARIX integrates inspection hardware and software to support customers' risk-based inspection programs. The press release highlights that the company completed an oversubscribed Series A financing of more than $10 million. Greenberg Traurig advised ARIX on the transaction, and ARIX's founder and CEO Dianna Liu commented on the firm's role in multiple financings. No operating metrics (revenue or user counts) were disclosed in the article.

  • Obatala Sciences

    Participated · Series A · Oct 2022

    Obatala Sciences develops patented and patent-pending human-derived hydrogels, adult human stem cells from a diverse biobank, media for cell growth and differentiation, and tissue chip kits (including fat-on-chip and pancreas-on-a-chip under development) for research and drug discovery. The company’s products are sold to pharmaceutical companies, government labs, and academic researchers to provide more predictive, human-based data across diverse populations. Obatala positions its solutions as a response to limitations of 2D cell culture and animal-derived data, aiming to reduce failure rates and time to market for therapeutics. The company was founded in 2017 and is based in New Orleans. Its stated near-term plans include commercialization of pipeline products, building out a lab at The Beach at UNO research park, obtaining ISO certifications, and expanding North American and international distribution. Management also plans to deepen sales, marketing, and customer support teams to support a growing global customer base.

  • Conserv

    Led · Series A · May 2022

    Conserv offers an environmental monitoring platform that combines traditional environmental data from wireless sensors with pest management data to give preservation professionals an overview of risks to their collections. The system uses LoRaWAN-based sensors for wireless setup and maintenance in complex, sensitive environments. Conserv serves museums, libraries, archives, and historic properties and has grown to over 300 customers in the last 18 months. Notable users include Smithsonian Libraries and Archives, Massachusetts State Libraries, the Museum of Modern Art, and the Birmingham Civil Rights Institute. The company has a team of eleven employees, including four full-time conservators, and recently added a President and Chief Product Officer in advance of closing the round. Conserv intends to use the Series A proceeds to expand operations in the United States and Europe.

  • Prepaid2Cash

    Led · Series A · Jul 2021

    Prepaid2Cash Holdings, Inc. is a Birmingham, Alabama-based leader in the gift and prepaid card redemption space. Launched in 2016 and led by CEO Peter Vogt, P2C enables consumers and business clients to convert gift and prepaid cards (Visa, MasterCard, Amex, Discover) into cash. The company's technology and partnerships allow users to exchange cards and receive cash or Bitcoin directly to their bank account or crypto wallet within minutes. Prepaid2Cash closed a $5.1M Series A financing round. The company intends to use the funds to accelerate customer acquisition and to continue development of its financial technology and feature set. It also plans to hire engineering, product, and operational talent out of its Birmingham headquarters. Prepaid2Cash offers a mobile app that lets consumers scan network-branded (Visa, MasterCard, Amex, Discover) prepaid and gift cards and receive cash via direct deposit in as little as 24 hours or by check in a few business days. The company leverages advanced technologies and partnerships with banking and payment institutions to enable faster payouts than peer marketplaces that require selling to other users. Prepaid2Cash was founded by two financial-technology entrepreneurs in San Francisco and launched to the public in 2016. Since inception the platform has processed millions of dollars in transactions, has thousands of users, and is described as growing quickly. In connection with a recent investment, the company is relocating its worldwide headquarters from San Francisco to Birmingham, Alabama, and its leadership has cited the move as a way to scale, access new customers, and tap regional connections.

Team