Companies

Operating holding companies

• Crescendocustomer experienceCustomer-experience company that combined an AI platform with the acquired BPO PartnerHero, reports more than $100m ARR, and partners with Alorica for distribution. Part of General Catalyst's Creation portfolio.
• EudialegalLegal-services platform (Cicero Technologies, trading as Eudia) backed by General Catalyst's Creation strategy. It acquired Johnson Hana and Out-House, operates an Arizona ABS law firm, and sells 'Enterprise Brain' AI to corporate legal teams.
• Ithaca Holdingsconsumer internet · softwareIthaca Holdings is a technology holding company founded by Ravi Gupta and John Hegeman to renew established businesses using frontier technology and operating expertise. Its announced Bumble take-private provides an initial case study in applying this approach to consumer internet.
• Long Lakeproperty management · multi sectorOwnership-led services company that has acquired dozens of community-management and residential-services businesses, runs its Nexus platform across them, and agreed to acquire Amex GBT for about $6.3bn.
• Sequence Holdingsmulti sector · financial services · insuranceNew York holding company that 'refounds' scaled services businesses with its Atlas platform and embedded engineers; agreed a $7.7bn enterprise-value deal for The Baldwin Group and reports early results at BankSouth.
• Thrive Holdingsmulti sector · accounting · it servicesPermanent holding company launched by Thrive Capital in April 2025 that builds sector platforms (Current in accounting, Shield in IT services) and counts OpenAI as an equity partner.
• Titan MSPit servicesGeneral Catalyst-backed acquirer of managed IT service providers, founded 2024 in New York. Announced $74m of funding and the acquisition of RFA; reports ticket-level automation results.
• AccrualaccountingAccounting-technology software vendor pursuing product M&A; General Catalyst led its first two rounds through Creation.
• AIVCcross sectorAIVC combines embedded AI transformation, infrastructure development, company building and ownership. Its public thesis is to invest after demonstrating an operating advantage, rather than treating AI implementation as a standalone software sale.
• Beacon SoftwaresoftwareAI-native software holding company that acquires niche software businesses. Raised a $250m Series B co-led by General Catalyst; WSJ material reports a later $225m Series C.
• BHubaccountingBHub is a Brazilian accounting and financial-outsourcing business that acquires accounting firms and deploys proprietary AI within their workflows. It uses acquired customer relationships to distribute technology as part of the accounting service.
• Buenaproperty managementBuena acquires German property-management businesses and integrates them with its own software and AI workflows. The model combines local service relationships with centralized technology and integration support.
• CirceussoftwareCirceus acquires mission-critical B2B software and supports its businesses through shared AI and operating infrastructure. Its stated model pairs long-term ownership with decentralized product and customer leadership.
• CurrentaccountingThrive Holdings' accounting and advisory services platform, formerly Crete Professionals Alliance, which rebranded as Current.
• Dwellyproperty managementProperty-management company named by General Catalyst as a Creation portfolio example.
• FuralogisticsFura acquires US freight brokerages and migrates them onto a shared technology platform. Its acquisition proposition combines customer relationships and operator expertise with automation in quoting, carrier sales and shipment visibility.
• ModusaccountingModus invests in accounting-firm interests and develops AI workflows for audit and assurance delivery. It combines technology, professional expertise and an alternative practice structure rather than operating the parent itself as a licensed CPA firm.
• Multiplier Holdingsprofessional services · accountingProfessional-services acquirer that announced a $35m Series B from The General Partnership, Ribbit and Lightspeed.
• Oberoncross sectorOberon combines an AI-focused acquisition vehicle, Oberon Holdings, with an external transformation business, Oberon Studios. It describes buying mid-market operating companies and applying reusable engineering tools both to owned businesses and to third-party clients.
• Perceptamulti sectorTransformation platform launched by General Catalyst and described as fully owned at launch.
• Shield Technology Partnersit servicesThrive Holdings' IT-services platform, launched with more than $100m from Thrive and ZBS Partners.
• Zero RFIconstruction servicesZero RFI combines construction advisory and owner-representation businesses with AI-enabled project intelligence. It acquires complementary capabilities to improve coordination and decision-making across the building lifecycle.
• American Growth InsuranceinsuranceInsurance-agency acquirer backed by Rockbridge and Atomic that announced nearly $70m of committed equity and its first closed acquisition.
• Arcos LabslegalLegal platform candidate associated with 8VC in imported search leads.
• Cabanahome servicesServices acquirer in pool services. Listed as a candidate in the imported roll-up directory; not yet independently researched by this project.
• CapitalPadmulti sectorAcquisition-capital platform candidate.
• Commons ClinichealthcareClinical platform in healthcare. Listed as a candidate in the imported roll-up directory; not yet independently researched by this project.
• CRIaccountingServices platform in accounting. Listed as a candidate in the imported roll-up directory; not yet independently researched by this project.
• Eaglemulti sectorServices acquirer in engineering. Listed as a candidate in the imported roll-up directory; not yet independently researched by this project.
• Enduring Venturesmulti sectorPermanent holding company candidate from the imported directory.
• Infinity Constellationmulti sectorAI company-builder candidate named in the imported directory alongside Beacon as an 'AI-native holdco'.
• Integral (German accounting)accountingGerman SME-accounting roll-up identified by General Catalyst; distinct from the unrelated privacy company of the same name.
• Kodiak Holdingsmulti sectorAcquisition-capital platform candidate.
• Mainshares / American Operatormulti sectorAcquisition-capital platform candidate connecting operators with small-business deals.
• Metropolismulti sectorTechnology enabled operator in parking. Listed as a candidate in the imported roll-up directory; not yet independently researched by this project.
• PipeDreamshome servicesServices acquirer in home services. Listed as a candidate in the imported roll-up directory; not yet independently researched by this project.
• R1healthcareServices operator in healthcare revenue cycle. Listed as a candidate in the imported roll-up directory; not yet independently researched by this project.
• RocketablesoftwareSoftware-acquirer candidate from the imported directory.
• Roofer.comhome servicesServices acquirer in roofing. Listed as a candidate in the imported roll-up directory; not yet independently researched by this project.
• Savvy Wealthwealth managementAdvisor platform in wealth management. Listed as a candidate in the imported roll-up directory; not yet independently researched by this project.
• Teamsharesmulti sectorEmployee-ownership succession platform for small businesses; tracked as an adjacent model.

Investors and company builders

Shown separately because sponsor capital does not measure the scale of the operating companies it backs.

• General Catalystmulti sectorVenture firm whose Creation strategy incubates and funds AI-led services roll-ups and transformation companies. Its essays and portfolio announcements define much of the category's vocabulary.
• SaxeCapVertical not yet classifiedSaxeCap combines AI transformation services, proprietary products and investment activity.
• TenetVertical not yet classifiedTenet invests at inception in AI roll-ups and AI-native services, with a stated focus on flexible capital structures.
• 8VCmulti sectorVenture firm led by Joe Lonsdale; seed co-lead of Sequence and author of essays on integrated AI service businesses.
• Atomicmulti sectorVenture studio; backer of American Growth Insurance.
• Bessemer Venture Partnersmulti sectorVenture firm named as a backer in the imported directory.
• DFO Managementmulti sectorDell Family Office; named as a new partner of Sequence.
• Khosla Venturesmulti sectorVenture firm named as a backer in the imported directory.
• Lightspeed Venture Partnersmulti sectorVenture firm; a named investor in Multiplier's Series B.
• Ribbit Capitalfinancial servicesFintech venture firm; named investor in Multiplier's Series B.
• Rockbridge Growth Equitymulti sectorGrowth-equity firm; backer of American Growth Insurance.
• Slow Venturesmulti sectorVenture firm; partner Yoni Rechtman's commentary on product-first growth buyouts appears in the archive.
• The General Partnershipmulti sectorVenture firm; named investor in Multiplier's Series B.
• Thrive Capitalmulti sectorVenture firm that launched and funds Thrive Holdings.
• ZBS Partnersmulti sectorInvestor alongside Thrive in Shield Technology Partners.