About Avanade
Avanade is a company based in Seattle (United States) founded in 2004 by Roger Gerdes was acquired by Avanade in November 2012. It operates as a Managed Services. Avanade has raised $21 million across 3 funding rounds from investors including Second Avenue Partners, Ignition Partners and Avanade. Avanade has completed 1 acquisition, including M3 Technology Group. Avanade offers products and services including Sustainable AI & Cloud Services. Avanade operates in a competitive market with competitors including UST, Genpact, NTT DATA, Endava and Persistent, among others.
- Headquarter Seattle, United States
- Founders Roger Gerdes
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Sectors
Business Services
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$21 M (USD)
in 3 rounds
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Latest Funding Round
$5 M (USD), Series C
Apr 10, 2009
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Investors
Second Avenue Partners
& 2 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Avanade
(Nov 13, 2012)
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Products & Services of Avanade
Avanade offers a comprehensive portfolio of products and services, including Sustainable AI & Cloud Services. 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.
Sustainable AI and cloud solutions are provided for businesses.
Funding Insights of Avanade
Avanade has successfully raised a total of $21M across 3 strategic funding rounds. The most recent funding activity was a Series C round of $5 million completed in April 2009. 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 3
- Last Round Series C — $5.0M
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First Round
First Round
(11 Jul 2005)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2009 | Amount | Series C - Avanade | Valuation |
investors |
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| Nov, 2007 | Amount | Series C - Avanade | Valuation | Second Avenue Partners , Ignition Partners |
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| Jul, 2005 | Amount | Series B - Avanade | Valuation | Second Avenue Partners , Ignition Partners |
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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 Avanade
Avanade has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Second Avenue Partners, Ignition Partners and Avanade. 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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Founded Year | Domain | Location | |
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Investments in enterprise software sectors are made by Ignition Partners.
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Founded Year | Domain | Location | |
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Avanade is recognized as a leading Microsoft expert providing sustainable business services.
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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 Avanade
Avanade has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include M3 Technology Group. 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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Apartment rentals featuring modern amenities are provided.
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2002 |
| 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 - Avanade
| 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 |
Avanade Comparisons
Competitors of Avanade
Avanade 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 UST, Genpact, NTT DATA, Endava and Persistent, 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 |
High-quality office furniture is provided by UST for various needs.
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| domain | founded_year | HQ Location |
Provider of end-to-end business process outsourcing services
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| domain | founded_year | HQ Location |
Application development, cloud, cybersecurity, and business intelligence services are provided.
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| domain | founded_year | HQ Location |
Endava is engaged in digital transformation and AI-driven solutions.
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| domain | founded_year | HQ Location |
IT consulting, data analytics, and digital transformation services are provided.
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| domain | founded_year | HQ Location |
Business process and technology management services are provided globally.
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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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Frequently Asked Questions about Avanade
When was Avanade founded?
Avanade was founded in 2004 and raised its 1st funding round 1 year after it was founded.
Where is Avanade located?
Avanade is headquartered in Seattle, United States. It is registered at Seattle, Washington, United States.
Is Avanade a funded company?
Avanade is a funded company, having raised a total of $21M across 3 funding rounds to date. The company's 1st funding round was a Series B of $6M, raised on Jul 11, 2005.
What does Avanade do?
Avanade is recognized as a leading expert in Microsoft solutions, providing sustainable AI and cloud business services. Operations are focused on delivering innovative technology solutions to various industries globally. Services are tailored to enhance business efficiency through advanced cloud computing and artificial intelligence technologies.
Who are the top competitors of Avanade?
Avanade's top competitors include Genpact, Persistent and NTT DATA.
What products or services does Avanade offer?
Avanade offers Sustainable AI & Cloud Services.
How many acquisitions has Avanade made?
Avanade has made 1 acquisition, including M3 Technology Group.
Who are Avanade's investors?
Avanade has 3 investors. Key investors include Second Avenue Partners, Ignition Partners, and Avanade.