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.
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
People of Aavenir
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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.
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.
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Accel is recognized as a leading venture capital firm.
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Investments in SaaS startups are made by ScOp Venture Capital.
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Investor details for Aavenir
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Investments & Acquisitions by Aavenir
Investment portfolio details for Aavenir
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Financial Statements - Aavenir
Detailed financials for Aavenir
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Aavenir Comparisons
Peer comparison for Aavenir
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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.
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Cloud-based end-to-end spend management software is delivered for businesses.
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Cloud-based accounting and payroll solutions for small and medium businesses
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Cloud-based procurement and invoice management solutions are offered to businesses.
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Corporate cards and expense management are offered to businesses.
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Procure-to-pay management software is offered for business operations.
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Platform offering AI-powered vendor digitization, procurement and supply chain financing solutions
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Detailed competitors of Aavenir
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Latest news on Aavenir
Complete news archive for Aavenir
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Frequently Asked Questions about Aavenir
Aavenir was founded in 2019 and raised its 1st funding round 1 year after it was founded.
Aavenir is headquartered in Mckinney, United States. It is registered at Mckinney, Texas, United States.
Jesal Mehta is the current CEO of Aavenir. They have also founded this company.
Aavenir is a funded company, having raised a total of $8M across 2 funding rounds to date.
As of Mar 31, 2024, the latest employee count at Aavenir is 57.
Annual revenue of Aavenir is $2.08M as on Mar 31, 2023.
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.
Aavenir's top competitors include Coupa, Sage Group and Airbase.
Aavenir offers Contractflow, Invoiceflow, RFPflow, Onboardingflow, and Obligationflow.
Aavenir has 2 investors. Key investors include Accel, and ScOp Venture Capital.