About Aavenir
Aavenir is a company based in Mckinney (United States) founded in 2019 by Jesal Mehta.. Aavenir has raised $8 million across 2 funding rounds from investors including Accel and ScOp Venture Capital. The company has 57 employees as of March 31, 2024. Aavenir offers products and services including Contractflow, Invoiceflow, RFPflow, Onboardingflow, and Obligationflow. Aavenir operates in a competitive market with competitors including Coupa, Sage Group, Tipalti, Emburse and Airbase, among others.
- Headquarter Mckinney, United States
- Employees 57 as on 31 Mar, 2024
- Founders Jesal Mehta
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Sectors
Technology
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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 Aavenir Software Private Limited
- Date of Incorporation 04 Jul, 2019
- Jurisdiction Ahmadabad City, Gujarat, India
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Annual Revenue
$2.08 M (USD)81.58as on Mar 31, 2023
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Net Profit
$216.38 K (USD)90.68as on Mar 31, 2023
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EBITDA
$294.71 K (USD)75.27as on Mar 31, 2023
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Total Equity Funding
$8 M (USD)
in 2 rounds
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Latest Funding Round
$6 M (USD), Series A
Mar 22, 2022
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Investors
Accel
& 1 more
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Employee Count
57
as on Mar 31, 2024
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Products & Services of Aavenir
Aavenir offers a comprehensive portfolio of products and services, including Contractflow, Invoiceflow, RFPflow, Onboardingflow, and Obligationflow. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-driven tool for end-to-end contract lifecycle management
Automates invoice extraction, verification, and workflows
Facilitates RFP creation and supplier collaboration
Streamlines vendor onboarding and due diligence processes
Manages and monitors contract obligations with AI
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Funding Insights of Aavenir
Aavenir has successfully raised a total of $8M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $6 million completed in March 2022. 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 A — $6.0M
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First Round
First Round
(14 Apr 2020)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2022 | Amount | Series A - Aavenir | Valuation | Accel | |
| Apr, 2020 | Amount | Seed - Aavenir | Valuation | Accel |
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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 Aavenir
Aavenir has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Accel and ScOp Venture Capital. 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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Accel is recognized as a leading venture capital firm.
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Founded Year | Domain | Location | |
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Investments in SaaS startups are made by ScOp Venture Capital.
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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 Aavenir
| 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 |
Financial Statements - Aavenir
| 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 |
Aavenir Comparisons
Competitors of Aavenir
Aavenir 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 Coupa, Sage Group, Tipalti, Emburse and Airbase, 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 |
Cloud-based end-to-end spend management software is delivered for businesses.
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| domain | founded_year | HQ Location |
Cloud-based accounting and payroll solutions for small and medium businesses
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| domain | founded_year | HQ Location |
Cloud-based procurement and invoice management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Corporate cards and expense management are offered to businesses.
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| domain | founded_year | HQ Location |
Procure-to-pay management software is offered for business operations.
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| domain | founded_year | HQ Location |
Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Aavenir
Frequently Asked Questions about Aavenir
When was Aavenir founded?
Aavenir was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Where is Aavenir located?
Aavenir is headquartered in Mckinney, United States. It is registered at Mckinney, Texas, United States.
Who is the current CEO of Aavenir?
Jesal Mehta is the current CEO of Aavenir. They have also founded this company.
Is Aavenir a funded company?
Aavenir is a funded company, having raised a total of $8M across 2 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on Apr 14, 2020.
How many employees does Aavenir have?
As of Mar 31, 2024, the latest employee count at Aavenir is 57.
What is the annual revenue of Aavenir?
Annual revenue of Aavenir is $2.08M as on Mar 31, 2023.
What does Aavenir do?
Founded in 2019, Aavenir is based in McKinney, United States, and operates in the software sector focused on contract management. A platform is offered for handling contracts from request to renewal, with features for obligation tracking and approvals. Tools are provided for extracting, reviewing, and analyzing contract data. Integration with external systems is supported to enhance workflow efficiency and contract visibility.
Who are the top competitors of Aavenir?
Aavenir's top competitors include Coupa, Sage Group and Airbase.
What products or services does Aavenir offer?
Aavenir offers Contractflow, Invoiceflow, RFPflow, Onboardingflow, and Obligationflow.
Who are Aavenir's investors?
Aavenir has 2 investors. Key investors include Accel, and ScOp Venture Capital.
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