The Venture Codex

Led · Debt Financing · Jan 2026

Propy operates licensed title and escrow businesses and has built an AI- and blockchain-powered platform that automates the entire real-estate closing workflow, from offer through deed recording. Its new AI Agent can perform tasks traditionally handled by escrow officers—monitoring emails, opening transactions 24/7, checking bank accounts, and contacting lenders and HOAs—reducing manual workloads by up to 70%. Since 2021 the company has processed more than $5 billion in transactions, with volume roughly doubling year over year. Propy is executing an AI-led roll-up strategy, targeting title and escrow firms generating $5 million–$20 million in annual revenue and aiming to add about $100 million in annual revenue through consolidation. Recent activity includes a second $5 million acquisition and a signed LOI for a third $6 million deal, with roughly $75 million in active M&A pipeline. Advisory board members include former U.S. Treasury Assistant Secretary Chris Campbell and former SEC Commissioner Dr. Michael S. Piwowar, and investors include Tim Draper. The company positions itself as the infrastructure layer that will make real-estate transactions cheaper, faster, and as liquid as modern financial markets.

Led · Equity · Jan 2026

Presto Phoenix develops a voice artificial intelligence platform purpose-built for quick-service restaurant (QSR) drive-thrus. Its technology aims to increase restaurant revenue, cut labor costs, boost staff productivity, and improve the overall guest experience by automating order taking. The company positions its product as an enterprise solution that can be rapidly deployed across large QSR chains. A graduate of Y Combinator, Presto Phoenix plans to use newly raised capital to scale operations and accelerate product development. Management highlights the platform’s ability to serve high-volume, multi-location operators, although no user or revenue figures were disclosed. The firm’s recent funding underscores growing investor interest in applied voice AI within the food-service sector.

Led · Equity · Jun 2025

Nexus IT provides managed IT services and cybersecurity through a platform that acquires and integrates culturally aligned managed service providers (MSPs). The company focuses on clients in highly regulated industries, prioritizing strong client and employee relationships and operational excellence. Nexus IT announced a $60 million capital commitment to accelerate a nationwide growth strategy and to fund additional acquisitions and integrations. Leadership emphasizes a founder-led, mission-aligned approach that values long-term value creation, cultural fit, and client-centric innovation rather than pursuing scale at all costs. With several deals already in the pipeline, Nexus IT anticipates significant expansion of its U.S. footprint over the next three years. The company is also positioning the business as a next-generation M&A platform distinct from conventional investor rollups.

Led · Equity · May 2023

Sourcepass is an East Northport, NY–based IT services and cybersecurity provider. The company is led by CEO and founder Chuck Canton. In 2023 Sourcepass launched Quest, a consumption platform powered by AI. It raised an additional $65M, bringing total funding to $135M, to support its strategic objectives. Proceeds are intended to fund the acquisition of Proxios to expand its physical presence in the mid‑Atlantic and broaden its client base in healthcare, legal, and non‑profit sectors. Sourcepass plans further expansion through a series of strategic acquisitions during the year to increase vertical markets and bolster its services and talent resources. Sourcepass provides innovative IT managed services to small and mid-sized businesses, focusing on digitizing the IT services experience and connecting SMBs with the right technology. The company delivers an omni-channel, end-to-end approach and is expanding capabilities through strategic acquisitions. Sourcepass completed a $70M financing composed of debt and equity to support growth and transactions. It closed the acquisition of Network Solutions and Technology, Inc. (NST) and plans to integrate future acquisitions into NST's operating model. NST adds 155 employees and locations in New York City, Long Island, New Jersey, Connecticut, and Tennessee. Sourcepass will extend digital capabilities to NST’s roughly 400 SMB customers across 38 states and over 20,000 endpoints via interactive web portals and mobile applications.

Participated · Equity · Dec 2022

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.