The Venture Codex

Led · Series A · Dec 2025

Founded in 2022 by Davis Gilbert and Josh Pillsbury, Summit Commercial Solutions operates as a technology-driven commercial insurance brokerage serving thousands of Canadian businesses. Its core offering combines traditional brokerage services with proprietary software, data infrastructure, workflow automation, and an AI-powered compliance tool called Summit Sherpa, which modernises risk verification and policy management for property managers and corporate clients. The company positions itself as a platform for entrepreneurial brokers, aiming to increase producer productivity rather than replace them with automation. Since IA Capital’s initial investment, Summit has more than doubled its top-line revenue and expanded into group benefits while building internal wholesale capabilities. With the latest funding, Summit plans to open new offices across Canada, deepen its talent-acquisition vertical, and enhance its data and AI capabilities. The capital will also support the launch of new divisions in Group Benefits, Private Client, and a delegated underwriting authority ecosystem to offer comprehensive commercial, personal, and embedded insurance solutions.

Led · Equity · Nov 2025

District Cover operates an InsurTech platform that allows brokers to simplify underwriting and application workflows for urban businesses that have traditionally been underserved by legacy carriers. The company’s digital tools speed up quoting and policy issuance, helping small enterprises in city neighborhoods obtain tailored commercial coverage. District Cover plans to enhance its platform with higher total insured value (TIV) limits, upgraded quoting functionality, and a new property-only product aimed at landlords, LRO exposures, and diverse urban operations. Fresh capital will also back team growth and new municipal partnerships as the firm pushes beyond its initial New York launch. Over the past twelve months, District Cover has expanded into the Southeast, partnered with national distribution teams, processed more than 10,000 applications, and doubled its headcount. These operating milestones underscore accelerating demand for its technology-enabled approach to commercial insurance. The company has not disclosed revenue figures, but its momentum and increasing application volume point to rapid scaling potential.

Led · Seed · Sep 2025

Moby is building a proprietary AI engine that ingests the same data feeds used by Wall Street institutions and converts them into clear, actionable insights for everyday investors. Delivered via a freemium mobile and web platform, the service offers up-to-the-minute analysis tailored to users’ individual investment goals, avoiding both oversimplified robo-advice and overwhelming data dumps. The company reports 600% growth in paid subscribers over the past year, more than 100 million quarterly content views, and nearly 100 k monthly app users. Its free tier has reached 300 k subscribers, with targets of 500 k by year-end 2025 and over 1 million in 2026. Fresh capital will support hiring, the launch of a next-generation mobile app, enhanced AI-driven analytics, and new strategic partnerships. Ultimately, Moby aims to democratize high-quality market intelligence traditionally reserved for professional investors.

Participated · Seed · May 2025

Scription is a Calgary-based technology company founded in 2020 that offers Scription360, a subscription maintenance program for commercial foodservice equipment. The platform replaces hourly repair rates with monthly fixed-price coverage and uses predictive maintenance and data analytics to align incentives between service providers and restaurant operators. Scription says the model reduces total cost of ownership, increases equipment uptime, simplifies operations, and improves replacement planning for quick-serve franchise brands. The company plans to expand Scription360 throughout North America and has appointed Gerritt Graham as CEO to lead that expansion. To date Scription has raised $10.35M, including a $2.5M pre-seed in 2023 led by Markd and a $7.85M seed closed in January 2025 led by IA Capital with participation from Markd. The company positions itself as an outcome-based service platform that lowers operators' cost of risk through predictive analytics and aligned service incentives. Scription is an Edmonton, Canada–based Insurtech led by CEO Justin Villiers. The company’s platform leverages historical maintenance data to intelligently price and offer insurance for maintenance contracts tailored to individual pieces of equipment. Scription’s programs give service companies recurring aftermarket revenue and repairs exclusivity while equipment owners receive more predictable costs and fewer breakdowns. The startup raised $2.5M in funding and intends to use the proceeds to launch and onboard anchor customer brands. The company combines domain expertise and technology to help firms launch new aftermarket service programs.

Participated · Series A · Oct 2024

Delos Insurance Solutions is a managing general agent that uses satellite imagery, wildfire science, and machine learning to identify and insure homes deemed insurable within wildfire-exposed territories. The company offers policies on behalf of AM Best 'A' rated carriers and was founded in San Francisco in 2017 by aerospace engineers. Delos currently writes $40 billion in total insurance value and reports market-leading loss ratios and better-than-planned growth. Its proprietary technology pinpoints properties with lower risk of loss, allowing access to insurance in areas other carriers have abandoned. The team plans to expand geographically outside California and to develop new products to broaden affordable insurance availability. Recent industry recognition includes MGA/MGU of the Year by Insurance Insider US and a spot on CB Insights' Top 100 Global Fintech Companies for 2024. Delos Insurance Solutions provides technology that uses satellite imagery and artificial intelligence to identify insurable homes in territories other insurers avoid because of wildfire risk. Its platform aggregates and analyzes exposure and concentration data to quantify a home’s actual wildfire risk. The company is enabled by a proprietary geospatial AI algorithm and more than two hundred data layer inputs, including detailed weather, wind, drought, and vegetation overlays. Delos vertically integrates its wildfire science expertise and a full suite of wildfire models to pinpoint lower-risk properties within stressed areas. Led by CEO Kevin Stein and based in San Francisco, the company raised a $7.3M seed extension to support growth. It intends to use the funds to expand across the California homeowners’ insurance market.