The Venture Codex

Participated · Equity · Jan 2025

Darwin CX is a SaaS provider focused on transforming customer experience for publishers, membership organizations, and subscription-based businesses through subscription lifecycle management solutions. The platform offers customized check-out pages, targeted audience offerings, real-time A/B testing, and analytics while enabling clients to control customer data. Darwin CX serves nearly 200 clients and brings over seven years of migration expertise off legacy platforms. The company positions itself as a global leader in subscription lifecycle management and aims to accelerate acquisition, retention, and loyalty for its customers. Recent plans emphasize expanding and enhancing the CX platform and developing new tools to meet evolving subscription-market needs. Financially, Darwin CX has secured additional capital to fund product development and scaling efforts. Darwin CX offers a SaaS platform for the subscription economy that enables brands to accelerate acquisition and retention and increase customer loyalty. The platform provides customized check-out pages, targeted audience offerings, real-time A/B testing, and analytics to help optimize conversions. It enables clients to retain control over customer data to tailor customer experiences. DCX integrates with third-party applications and fulfillment providers to support operations and delivery. The company plans to use the new funding to expand operations, build strategic channel partnerships, and continue investing in its product roadmap. The company is led by CEO Laas Turnbull and is based in Toronto, Canada.

Led · Series B · Jan 2024

Thentia builds and sells Thentia Cloud, a regulatory-technology platform used by regulators and regulatory agencies worldwide to manage licensing, investigations, enforcement, fitness to practise, quality assurance, scope of practise, continuing education, board management, and data analysis. The company is led by CEO Julian Cardarelli and positions its platform as an alternative to legacy processes, custom-built solutions, and disparate applications. Thentia raised a $38M Series B extension to scale operations and propel accelerated growth. The company plans to invest the proceeds in artificial intelligence and to enhance its ability to meet the needs of its expanding global client base. Thentia emphasized investor support and called its platform “the regulatory platform of the future,” reflecting its strategic focus on technology-led product development. Thentia provides Thentia Cloud, a SaaS platform used by regulatory bodies and government agencies to manage data and licensing with automation and ease of use. Led by CEO Julian Cardarelli, the company serves public-sector customers and emphasizes product and engineering development alongside customer support. Thentia operates globally with teams in the United States, the United Kingdom, and Canada. The platform is trusted by regulatory bodies and government agencies worldwide and supports more than 8 million active licensees. The company intends to use recent funding to invest across product and engineering, and to scale customer-facing services and support teams. These investments are aimed at creating a consistent customer experience across all markets. Thentia offers Thentia Cloud, a proprietary cloud-based licensing platform that supports license registration and renewals, QA, complaints management, governance, finance, document management, analytics, and other regulatory functions. The company partners with licensing agencies across more than 90 occupations and industries coast-to-coast. Thentia grew rapidly in 2021, increasing its employee base by 300% over two quarters, with the majority of new hires based in the U.S. In 2021 it expanded market reach—announcing entry into Quebec and becoming the state-supported software provider for occupational licensing in Oklahoma—and is pursuing broader North American and EMEA expansion. Financially, Thentia secured a $15 million credit facility from Espresso Capital and earlier raised a $10 million Series B in May 2021 led by Spring Mountain Capital with participation from BDC Capital. The company intends to use the financing to fund investments and acquisitions, enhance its product, ramp sales and marketing, and pursue incremental revenue opportunities. Thentia is a Toronto-based GovTech Software-as-a-Service (SaaS) company offering Thentia Cloud, a platform for agencies to manage data and licensing. Led by CEO Julian Cardarelli, the company serves government customers with cloud-based licensing and data-management solutions. In April 2021 Thentia raised $10 million in a Series B financing. The company said it will use the funds to accelerate its go-to-market strategy and expand its position across the U.S. Thentia was founded in Canada and maintains operations in Chicago, IL. The Series B round was led by Spring Mountain Capital with participation from BDC Capital. Thentia is a Toronto-based cloud regulatory software company that provides B2B software-as-a-service solutions to the regulatory industry. Its flagship product, Thentia Cloud, offers a comprehensive collection of regulatory modules that track licensing and registration issuance and renewals, continuing education, public complaints, investigations and enforcement, auditing, data analytics, and governance. The platform serves regulatory bodies, licensees, and registrants across North America and has a major presence in the regulatory and licensure market. Led by CEO Julian Cardarelli, the company will use funds to expand sales and marketing worldwide and further innovate its cloud platform. Thentia closed a Series A equity financing of undisclosed amount with an investment from the Business Development Bank of Canada’s Industrial, Clean and Energy Venture Fund. The financing is intended to support growth and product innovation.

Participated · Series B · Aug 2023

Osano provides a privacy platform and suite of products to help organizations build, automate and scale privacy programs, with integrations for websites, Android and iOS. The platform uses AI to locate and classify protected information across data stores and offers tools for cookie consent and subject rights. Osano also offers regulatory guidance via a dedicated team of attorneys and provides frameworks to identify gaps and improve privacy programs. The company says it serves many industries, including financial services, e-commerce, healthcare, media, retail and CPG. Osano plans to use new funding to expand engineering, product development, sales, increase R&D investment and build a channel program. The startup reports more than 40,000 users and delivers over 1 billion cookie consent banners per month, and has raised $44.4 million in total capital to date. Osano is a software-as-a-service platform that helps companies monitor and manage their risk and compliance with privacy laws like Europe’s GDPR and California’s CCPA. The platform tracks changes to the rules and laws it covers to help customers avoid falling out of compliance and facing fines. Osano is rolling out an AI-powered data discovery tool to automatically find and classify dozens of types of personal and nonpersonal data. It offers integrations with dozens of apps and services, including AWS, Dropbox, Google and Oracle. The company plans to use new funding to double headcount with a focus on sales to meet growing demand. To date the startup has raised a total of $22.3 million, including a $5 million Series A in 2019. Osano is a risk and compliance startup offering a privacy platform to help businesses understand and address compliance with state and international privacy laws. One of its flagship features provides cookie and consent management on customer websites, allowing users to choose privacy settings in their own language. The turnkey platform is used by more than 750,000 companies — including some Fortune 500 companies — to secure over 3.5 million websites. The Austin, Texas-based company raised $5.4 million in a Series A led by LiveOak Venture Partners and Next Coast Ventures, bringing total capital raised to date to $8.4 million. Osano plans to use the new funds to further invest in research and development, marketing, and hiring to meet growing demand. Co-founder and CEO Arlo Gilbert said the company is moving quickly to add talent and deepen its position as a leading data privacy platform. Osano, founded in 2018 by Arlo Gilbert, builds tools to increase data-privacy transparency for consumers and businesses. Its core product, Privacy Monitor, is a free browser plugin (Chrome, Firefox, Safari) and a mobile app (Android, soon iOS) that analyzes thousands of online privacy policies and surfaces a proprietary privacy reputation score. The score reflects how companies collect, use, share and store data and whether they comply with regulations such as GDPR. The company emerged from stealth alongside the launch of Privacy Monitor and intends to use new funding to launch and expand adoption of its Privacy Monitor tools and privacy reputation scoring system. Osano operates as a B Corporation and positions purpose alongside profit in its business decisions. The company recently completed a seed financing to support product rollout and user growth.

Led · Equity · Mar 2023

Shinydocs raised $16.25M in funding in a round led by First Ascent Ventures and Export Development Canada (EDC). The company intends to use the funds to boost sales and marketing resources to access a wider customer base. Shinydocs provides software and services that crawl through structured and unstructured corporate document repositories to discover data and automatically recognize, classify, and index content. Its product uses a search-engine approach to help companies find the files, documents, and records that hold business information. Shinydocs serves organizations within the oil and gas/utilities, government, and financial services verticals to reduce time searching for files and improve customer and employee experiences. The company is led by CEO Jason Cassidy and is based in Waterloo, Canada.

Led · Series A · Sep 2022

Andgo Systems offers an end-to-end intelligent workflow automation suite that automates absence onboarding, shift filling, and annual vacation selection and awarding for complex, high-volume scheduling environments. The product delivers actionable insights and is designed to accurately fill more shifts faster, reducing manual effort and errors. Andgo emphasizes use in industries with complex staffing requirements, notably healthcare, where Covid has increased demand for absence management and shift filling. The company says its holistic approach drives significant ROI and improves operational efficiency, patient care, and employee satisfaction. Andgo will use the new growth financing to accelerate its expansion across North America and enhance its shift-filling solutions. Founded in 2014 in Saskatoon, Saskatchewan, the company positions itself as a market leader in dynamic scheduling automation. Andgo Systems offers an end-to-end intelligent workflow automation suite—available as a full suite or à la carte—that integrates with customers' scheduling environments to automate absence onboarding, shift filling, and vacation mapping. The platform replaces highly manual, time-consuming processes and gives customers actionable insights to fill more shifts faster and more accurately. Andgo targets complex industries with unique staffing challenges, such as healthcare and manufacturing, and focuses on tools that improve frontline employees' experience. The company has seen momentum adding new customers across North America in major healthcare organizations. Andgo plans to grow its team to meet demand as organizations modernize scheduling to address staffing shortages, budget pressures, and retention challenges. Founded in 2014 and headquartered in Saskatoon, Saskatchewan, the company emphasizes driving significant ROI in high-volume scheduling environments.