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The Venture Codex

GC1 Ventures

7650 Girard Avenue, Suite 300, La Jolla, CA, 92037, United States

Overview

GC1 Ventures is the venture capital arm of GC1 Holding, a multinational holding company whose largest assets are in the retail and financial services sectors. GC1 invests in innovative early-stage companies that are redefining their respective industries and have high growth potential. The investment team manages a hybrid portfolio composed of startups and venture capital funds.

Total investments
6
Lead investments
0
Investments · 12mo
0
Active investors
2

Sector focus

  • Venture Capital
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Investment portfolio

  • Impilo

    Participated · Series A · Nov 2024

    Impilo provides a digital health platform that integrates 4PL logistics, patient support, and data connectivity to enable healthcare providers to deliver care in patients' homes. Its ecosystem includes connected devices, diagnostics, and medical supplies that bring the clinic directly to the patient. The company is led by CEO Josh Stein and is based in Philadelphia, PA. Impilo plans to use the new funding to accelerate its next phase of expansion, enhance its technology infrastructure, scale go-to-market operations in new regions, and refine its user experience. The article does not disclose revenue or other operating metrics.

  • KarmaCheck

    Participated · Series B · Jun 2024

    KarmaCheck provides a technology-driven platform that combines automated dashboards, built-in API integrations with applicant tracking systems, and a mobile-friendly candidate interface for scheduling clinic-based screenings. The company emphasizes an AI-forward approach alongside expert-led customer support to deliver fast, accurate results and an improved candidate experience. KarmaCheck’s platform is used by staffing administrators to manage background checks, credentialing, and compliance workflows. The company plans to use the Series B proceeds to accelerate development of its proprietary technology platform, scale service levels to more customers and candidates, and expand into new industry verticals. Founded by Eric Ly and based in San Francisco, KarmaCheck reported revenue growth of over 600%, expanded its customer experience team by more than 300%, and has delivered millions of screenings. These operating metrics accompanied the company’s recent momentum ahead of the Series B. KarmaCheck provides a compliant technology platform that uses proprietary data access and processing to simplify employment background checks and deliver real-time, actionable notifications to employers. The platform is used by hundreds of large North American companies, including McDonald’s, Domino’s and Recruiter.com. Founded by Eric Ly and based in San Francisco, the company focuses on automating and improving the speed and compliance of hiring-related checks. KarmaCheck says it will use the new funding to expand operations and broaden its business reach. The article does not disclose revenue or other financial metrics.

  • Anduin

    Participated · Series B · Jul 2023

    Anduin builds a Fund Subscription and Data Room ecosystem that streamlines investor onboarding and fund documentation for private markets. Its core platform automates onboarding workflows and manages data rooms to connect LPs and GPs efficiently. The company has helped 27,000+ investors onboard at 510+ funds that have raised over $55 billion in capital globally. Led by CEO Eliot Hodges, Anduin plans to deepen platform functionality and integrations. It intends to expand beyond onboarding to support ongoing connections between GPs, LPs, and partners across asset classes and geographies. The company will use new funding to accelerate growth and broaden its product capabilities. Anduin builds an end-to-end cloud financial platform that centralizes workflows for private-market transactions, including diligence, milestone reporting, auditing, and deal negotiation. The platform aims to make private transactions as efficient and transparent as public ones by creating common standards and trust. Anduin is targeting a large private market (estimated $7.4 trillion AUM) and plans to move up-market to serve large, multi-billion-dollar AUM firms on the East Coast. The company will deploy part of its recent funding to expand its sales and marketing team. Anduin has shown commercial traction, having more than doubled sales after pivoting from a basis-point pricing structure to a subscription model in late 2020. Existing customers have increasingly recommended the platform to limited partners at other funds, producing self-marketing momentum. Leadership includes CEO Eliot Hodges (recruited by co-founder Joe Lonsdale) and co-founder/CTO Alin Bui, who previously served as CEO and held roles at IBM, NASA, and Walmart.

  • Chord

    Participated · Series A · Jan 2023

    Chord builds an AI platform designed to power modern commerce operations by unifying data, operational context, and execution into what it calls a "context graph," a living operational memory of metrics, rules, decisions, constraints, and trade-offs. The company says its platform enables brands to generate insights and immediately take action, compressing workflows that previously required multiple teams into minutes, and that teams are increasingly using Chord in place of traditional BI tools. Chord was built by the team behind Glossier and says customers using the platform collectively represent over $1 billion in annual revenue; named customers include Mr. Beast, Ritual, Ruggable, Rodan + Fields, and Blue Bottle Coffee. The company reports organic expansion within customers and that Copilot usage has tripled as adoption shifts from legacy analytics. With the new funding, Chord plans to accelerate its agent infrastructure development and scale across mid-market and enterprise commerce and retail brands generating $20M–$1B in revenue.

  • Carro

    Participated · Series B · Nov 2021

    Carro operates a cross-selling and influencer commerce platform that lets brands discover influencers and form partnerships to sell each other’s products without purchasing inventory or handling returns. The service is installable from the Shopify App Store and supports brands discovering influencers who already use and love their products. Carro’s network includes more than 7 million influencers, 30,000 brands, over 1 million products, and it reports 320 million visitors per month. The company says it grew by over 500% in the past year and now employs about 50 people. Carro was co-founded in 2015 by David Perry and Jason Goldberg. The business plans to use new funding to expand its team, accelerate product development, and grow its network.

Team