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The Venture Codex

Operate Studio

1954 Placentia Ave #208, Costa Mesa, CA, 92627, USA

Overview

Operate is a new kind of startup studio that believes founders need more than capital and advice to be successful. In addition to investing capital, Operate embeds our team of top-tier operators into startups to give them a higher probability of success and help execute their vision to make a big impact on society.

Total investments
8
Lead investments
1
Investments · 12mo
0
Active investors
5
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Investment portfolio

  • Bevz

    Participated · Equity · Sep 2023

    Bevz is a technology platform built for convenience and liquor stores to purchase inventory from distributors, sign up for and combine multiple e-commerce apps (DoorDash, Uber Eats, Grubhub, etc.), and manage inventory. The solution includes 15+ API integrations with partners such as DoorDash, GrubHub, Uber, Core-Mark, Plaid, Stripe, and DocuSign. Hundreds of convenience stores are actively using the SaaS platform across 10 states in the U.S. Led by CEO Jason Vego, the company intends to use new funding to increase sales and marketing, support national expansion, continue product development, and add customer success resources. Bevz raised $3.1M in the reported funding round to support those initiatives. The platform targets independently operated and small chain operators with integrations and inventory workflows tailored to convenience retail.

  • Knit

    Participated · Seed · Jun 2022

    Knit provides an end-to-end, AI-native platform that automates the consumer research process, using Researcher-Driven AI to take time-intensive research tasks off researchers' plates. The platform combines quantitative and qualitative data in the same survey to deliver agency-quality insights in days. The company is led by CEO Aneesh Dhawan and CTO Raahish Kalaria. Knit is using the new funding to launch Report-Ready Insights, its latest offering aimed at enabling researchers to run agency-quality quantitative and qualitative research at DIY costs. Over the past year it has onboarded more than 30 enterprise brands and grown its annual recurring revenue 5X. The company is based in Austin, TX. Knit operates a platform that lets brands upload custom research questions and receive 30–90 second selfie video responses from hundreds of Gen Z consumers in hours, alongside quick quantitative data. The company uses video-analysis AI to turn hours of footage into insights in minutes. Knit reports access to a panel of over 1 million Gen Z and 4 million Millennial consumers and more than 30 enterprise customers, including NASCAR, WNBA, Harman (JBL) and Moët Hennessy. Since its January 2021 launch the business has observed seven-times growth. Led by CEO Aneesh Dhawan and CTO Raahish Kalaria, the team are Techstars alumni and position the product as an on-demand think tank for Gen Z insights. With the new capital the company plans to further automate video analysis and expand its panel beyond Gen Z into a cross-generational solution, beginning in EMEA and LATAM.

  • Souq G-Commerce

    Participated · Seed · Jun 2022

    Souq G-Commerce provides a blockchain-agnostic portfolio manager that helps players track and monitor the value of their game assets and the health of game economies. The platform centralizes performance tracking across any blockchain or wallet and surfaces market intelligence on individual gaming economies. The company positions itself as a financial-markets layer for Web3 games—described by the CEO as like “Robinhood for video game assets”—and aims to enable players to participate in economic upside across virtual worlds. Souq targets the rapidly growing blockchain gaming industry, which the article says grew 2,000% in the last year and has about 10M active users today. Near-term product and growth milestones include 50–100k active wallets, 95% of games covered on the platform, $100M of assets connected, and support for ETH, L2s, Solana, Flow, and Avalanche. Financially, the company completed a $3.3M pre-seed raise to advance product development and market expansion.

  • Souq

    Participated · Seed · Jun 2022

    Souq is a New York-based provider of consumer asset management software in the Web3 gaming space. The company focuses on building a financial market for game economies that enables players to participate in and share the upside of virtual worlds. Its flagship product onboards players quickly and lets them track and manage portfolios across any blockchain or wallet. Souq intends to use the funds to further expand this flagship product and support players and games across all major blockchains. The company raised $3.3M in pre-seed funding to support these plans. Souq is led by CEO JonPaul Vega and Head of Product Ken Berkowitz.

  • Ramped

    Participated · Seed · Mar 2022

    Ramped operates a career discovery and job-skilling platform that allows users to attain credentials, gain functional job skills, and augment their learning to optimize job searches. The platform is designed to help job seekers acquire experience and credentials coveted by top employers across industries. Founded in 2020, Ramped has formed strategic partnerships with employers in tech, financial services, education, and healthcare to connect learners with opportunities. The company closed a $3.1M seed financing round to support its growth. Proceeds are earmarked for sales and marketing and to expand the product’s capabilities. Ramped plans to expand its team over the next several months to support these initiatives.

Team