About Avakin
Avakin is a company based in Nottingham (United Kingdom) founded in 2013 by Halli Bjornsson.. Avakin has raised $27.8 million across 2 funding rounds from investors including Tencent, Novator Partners and David Helgason. Avakin operates in a competitive market with competitors including IMVU, Meta, Decentraland, Resolution Games and ZEPETO, among others.
- Headquarter Nottingham, United Kingdom
- Founders Halli Bjornsson
- Stage Minicorn
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Sectors
TechnologyMedia & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Lockwood Publishing Limited
- Date of Incorporation 10 May, 2007
- Jurisdiction NOTTINGHAM, ENGLAND
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$27.8 M (USD)
in 2 rounds
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Latest Funding Round
$26.5 M (USD), Series A
Oct 23, 2020
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Investors
Tencent
& 3 more
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Employee Count
Employee Count
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Funding Insights of Avakin
Avakin has successfully raised a total of $27.8M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $26.5 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 A — $26.5M
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First Round
First Round
(07 Jun 2019)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2020 | Amount | Series A - Avakin | Valuation | Tencent | |
| Jun, 2019 | Amount | Seed - Avakin | Valuation |
investors |
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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 Avakin
Avakin has secured backing from 4 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Tencent, Novator Partners and David Helgason. 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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Private equity investments in Europe are managed by Novator Partners.
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Founded Year | Domain | Location | |
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Value-added internet, mobile, and telecom services are provided in China.
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Founded Year | Domain | Location | |
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DH
David Helgason |
Co-founder of Unity Technologies, active angel investor in tech startups.
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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 Avakin
| 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 - Avakin
| 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 |
Avakin Comparisons
Competitors of Avakin
Avakin 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 IMVU, Meta, Decentraland, Resolution Games and ZEPETO, 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.
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|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of an online 3D avatar-based social network
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Virtual world games are facilitated through an NFT-based platform.
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VR casual games are developed for major platforms.
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Metaverse social platform offering 3D character creation
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Provider of a VR-based social platform
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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 Avakin
Frequently Asked Questions about Avakin
When was Avakin founded?
Avakin was founded in 2013 and raised its 1st funding round 6 years after it was founded.
Where is Avakin located?
Avakin is headquartered in Nottingham, United Kingdom.
Is Avakin a funded company?
Avakin is a funded company, having raised a total of $27.8M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.3M, raised on Jun 07, 2019.
What does Avakin do?
Avakin is a provider of an app to develop intelligent 3D avatars. It allows users to create and customize 3D avatars with clothes, hair, makeup accessories and chat with fellow Avakin friends. Also, it allows users to share their ideas, work, or content through avatars on the app. It is available on iOS, Android, Amazon, and Facebook Game room.
Who are the top competitors of Avakin?
Avakin's top competitors include ZEPETO, IMVU and Decentraland.
Who are Avakin's investors?
Avakin has 4 investors. Key investors include Tencent, Novator Partners, David Helgason, and Hilmar Pétursson.
What is Avakin's valuation?
The valuation of Avakin is $120.34M as of Oct 2020.
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