About Aave
Aave is a company based in London (United Kingdom) founded in 2009 by Stani Kulechov.. Aave has raised $29.5 million across 2 funding rounds from investors including Framework Ventures, ParaFi and Standard Crypto. The company has 6 employees as of December 31, 2021. Aave has completed 1 acquisition, including Sonar. Aave operates in a competitive market with competitors including Compound, Lido, Dharma, Folks Finance and Curve, among others.
- Headquarter London, United Kingdom
- Employees 6 as on 31 Dec, 2021
- Founders Stani Kulechov
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Sectors
TechnologyFinancial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Aave Limited
- Date of Incorporation 19 Oct, 2018
- Jurisdiction LONDON, UNITED KINGDOM
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Annual Revenue
$3.79 M (USD)298as on Dec 31, 2021
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Net Profit
$161.98 K (USD)197as on Dec 31, 2021
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EBITDA
$161.98 K (USD)197as on Dec 31, 2021
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Total Equity Funding
$29.5 M (USD)
in 2 rounds
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Latest Funding Round
$25 M (USD), Series B
Oct 12, 2020
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Investors
Framework Ventures
& 4 more
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Employee Count
6
as on Dec 31, 2021
- Investments & Acquisitions
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Funding Insights of Aave
Aave has successfully raised a total of $29.5M across 2 strategic funding rounds. The most recent funding activity was a Series B round of $25 million completed in October 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series B — $25.0M
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First Round
First Round
(09 Jul 2020)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Series B - Aave | Valuation | Standard Crypto , Blockchain Coinvestors |
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| Jul, 2020 | Amount | Series A - Aave | Valuation | ParaFi , Framework Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Aave
Aave has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Framework Ventures, ParaFi and Standard Crypto. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital is invested in the cryptocurrencies sector.
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Founded Year | Domain | Location | |
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Investments in blockchain sector are managed by venture capital fund.
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Founded Year | Domain | Location | |
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Investments are focused on crypto and tech companies by ParaFi.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Aave
Aave has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Sonar. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Sonar is recognized as an AI-driven wealth management platform for Web3.
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2021 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Aave
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Aave Comparisons
Competitors of Aave
Aave operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Compound, Lido, Dharma, Folks Finance and Curve, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
P2P lending platform based on the Ethereum blockchain
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| domain | founded_year | HQ Location |
Non-custodial staking for Ethereum and other cryptocurrencies is facilitated.
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| domain | founded_year | HQ Location |
Global lending is enabled through blockchain records and credit checks.
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| domain | founded_year | HQ Location |
Algorithmic lending and borrowing protocol on Algorand blockchain is operated.
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| domain | founded_year | HQ Location |
Liquidity pools are managed for decentralized digital asset exchanges.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Aave
Frequently Asked Questions about Aave
When was Aave founded?
Aave was founded in 2009 and raised its 1st funding round 11 years after it was founded.
Where is Aave located?
Aave is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Who is the current CEO of Aave?
Stani Kulechov is the current CEO of Aave. They have also founded this company.
Is Aave a funded company?
Aave is a funded company, having raised a total of $29.5M across 2 funding rounds to date. The company's 1st funding round was a Series A of $4.5M, raised on Jul 09, 2020.
How many employees does Aave have?
As of Dec 31, 2021, the latest employee count at Aave is 6.
What is the annual revenue of Aave?
Annual revenue of Aave is $3.79M as on Dec 31, 2021.
What does Aave do?
Decentralized crypto lending marketplace for consumers. It offers ETHLend that allows users to borrow funds against cryptocurrency collateral and retain upside instead of selling. Provides access fee reductions and participates in the future governance of Aave protocols. It allows users to originate cash loans to borrowers against cryptocurrency and digital asset collaterals. Also offers developer tools for building tokenized debit applications on Ethereum.
How many acquisitions has Aave made?
Aave has made 1 acquisition, including Sonar.
Who are Aave's investors?
Aave has 5 investors. Key investors include Framework Ventures, ParaFi, Standard Crypto, Blockchain Coinvestors, and Three Arrows Capital.
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