PHX Ventures

PHX Ventures is a venture capital firm that specializes in investing in B2B software companies, primarily focusing on early-stage opportunities. The firm is dedicated to supporting ambitious founders in building transformational and enduring companies, with a strong emphasis on the Southwestern United States, particularly Arizona. They offer capital, strategic support, and long-term partnerships to foster sustained growth for their portfolio companies.

The firm was founded in 2019 by software entrepreneur Gregg Scoresby. Scoresby established PHX Ventures to address a perceived gap in the local software community, aiming to provide institutional-quality, seed-stage venture capital for high-growth companies in Arizona. This initiative stemmed from his own experiences in raising capital for his previous venture, CampusLogic, where he recognized the need for more accessible and supportive funding for local entrepreneurs.

PHX Ventures manages several investment vehicles, including the Launch Fund, which invests $50,000 to $250,000 in promising pre-revenue companies in Metro Phoenix, and the Flagship Fund, which leads priced rounds between $1 million and $5 million in high-growth, early-stage software companies across the Southwestern United States. Additionally, the firm operates a Partners Fund, investing as a limited partner in top-tier software growth equity funds, which provides their founders with access to a valuable investor network and critical market insights. Notable investments include companies like diner (Social/Platform Software), Ory (Business/Productivity Software), Rivia Health, ProPlaintiff.ai, Tactic, and Nurture Boss. PHX Ventures Fund II, launched in 2023, was oversubscribed with $25.4 million in commitments and is anticipated to cap at $30 million.

The team at PHX Ventures comprises experienced professionals with backgrounds as former builders, bringing deep expertise to the table. Key team members include Gregg Scoresby (Founder & Managing Partner), Chris Chumley (Operating Partner), Jeff Kerr (Partner), Jackson Scoresby (VP Finance), Noor Nusrum (Associate), Bennett Scoresby (Product Analyst), Becky Winter (Head of Community), and Anita Grantham (Operating Partner). Their approach to investing is data-driven, founder-focused, and long-term oriented, ensuring rigorous analysis and strategic support for the companies they back.