Phase One Ventures
6751 N Sunset Blvd Suite E333, Glendale, AZ, 85305, United States
Overview
Phase One Ventures, LLC is a venture fund designed to manage Phase One Ventures Limited Partner Fund, LLP. The fund invests in technologies at the intersection of biotechnology and nanotechnology to create successful companies with the help of our experienced team. There is an abundance of both State and private capital available in New Mexico to invest in innovation and technology based entrepreneurial companies. Phase One Ventures LLC believes that higher returns on investment and improved success rates can be achieved by taken a decidedly different, highly focused approach to the market. Key Elements of this strategy for success are shown at the right.
- Total investments
- 4
- Lead investments
- 0
- Investments · 12mo
- 1
- Active investors
- 4
Sector focus
- Business Development
- Information Technology
- Software
Investment portfolio
- NextWork
Participated · Seed · Mar 2026
NextWork offers an online platform where learners build real AI projects—such as chatbots and automated workflows—and publish authenticated portfolios that employers can easily verify. By shifting focus from traditional credentials to demonstrable outcomes, the company serves as a trust layer for AI-related hiring. Since its 2024 launch, more than 190,000 users in over 190 countries have completed projects on the site, with 22% of those projects created by U.S. learners aged 25–35. The company plans to establish its U.S. headquarters in Austin, Texas and will direct new funds toward engineering and growth hiring. NextWork’s model addresses the widening AI skills gap, helping individuals switch careers or earn promotions by showcasing concrete abilities. Financial details beyond user metrics have not been publicly disclosed, but recent backing underscores investor confidence in its growth trajectory.
- Ivo
Participated · Series A · Feb 2025
Ivo provides an enterprise-grade contract intelligence platform that applies artificial intelligence to analyze and manage legal agreements. By converting contract text into structured data, the software enables legal and business teams to surface risks, accelerate revenue recognition, and create insight-driven workflows. Its technology is already deployed by customers such as Uber, Shopify, Atlassian, Reddit, and Canva, underscoring adoption among prominent technology companies. The founders, Min-Kyu Jung and Jacob Duligall, position the product as a central system for streamlining contractual obligations and opportunities. With fresh funding, the company plans to expand operations and intensify product development to broaden functionality and scale to additional enterprise customers. While the article did not disclose specific revenue or user counts, the named customer roster signals meaningful commercial traction.