About Avangate
Avangate is a company based in Redwood City (United States) founded in 2006 was acquired by Francisco Partners in October 2013.. Avangate has raised $7.5 million across 3 funding rounds from investors including Francisco Partners, Gecad Ventures and 3TS Capital Partners. The company has 3 employees as of December 31, 2020. Avangate has completed 1 acquisition, including 2Checkout. Avangate operates in a competitive market with competitors including Recurly, Zuora, Chargebee, Impartner and Zift Solutions, among others.
- Headquarter Redwood City, United States
- Employees 3 as on 31 Dec, 2020
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Avangate Inc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$7.5 M (USD)
in 3 rounds
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Latest Funding Round
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Investors
Francisco Partners
& 2 more
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Employee Count
3
as on Dec 31, 2020
- Investments & Acquisitions
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Acquired by
Francisco Partners
(Oct 07, 2013)
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Funding Insights of Avangate
Avangate has successfully raised a total of $7.5M across 3 strategic funding rounds. 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 Last Round
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First Round
First Round
(01 May 2006)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jan, 2013 | Amount | Series B - Avangate | Valuation |
investors |
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| Mar, 2011 | Amount | Series A - Avangate | Valuation |
investors |
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| May, 2006 | Amount | Seed - Avangate | Valuation |
investors |
| 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 Avangate
Avangate has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Francisco Partners, Gecad Ventures and 3TS Capital Partners. 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 firm focused on cybersecurity, fintech, AI,ML, AR, VR, and IoT companies
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Founded Year | Domain | Location | |
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Private equity investment firm focused on technology sector
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Founded Year | Domain | Location | |
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Technology-focused venture growth investments are managed by the firm.
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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 Avangate
Avangate has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include 2Checkout. 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
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
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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Cloud-based payment gateway solution for businesses
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2006 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
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.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 |
Financial Statements - Avangate
| 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 |
Avangate Comparisons
Competitors of Avangate
Avangate 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 Recurly, Zuora, Chargebee, Impartner and Zift Solutions, 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 |
Subscription billing automation is provided for business operations.
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| domain | founded_year | HQ Location |
Cloud-based invoice and subscription management solutions for businesses
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| domain | founded_year | HQ Location |
Cloud-based solutions for billing, subscriptions, and revenue management are provided.
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| domain | founded_year | HQ Location |
Partner relationship management and marketing automation are provided via platform.
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| domain | founded_year | HQ Location |
SaaS platform for enterprise channel sales management is offered.
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| domain | founded_year | HQ Location |
Channel sales automation platform is offered for partner management.
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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 Avangate
When was Avangate founded?
Avangate was founded in 2006.
Where is Avangate located?
Avangate is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is Avangate a funded company?
Avangate is a funded company, having raised a total of $7.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $2M, raised on May 01, 2006.
How many employees does Avangate have?
As of Dec 31, 2020, the latest employee count at Avangate is 3.
What does Avangate do?
Avangate was founded in 2006 and is headquartered in Redwood City, United States. Software and SaaS companies are supported through scalable commerce solutions designed for online and offline sales channels. The SkyCommerce platform is offered, incorporating a secure eCommerce system, partner order management, and an affiliate network. Visibility is enhanced and revenue streams are optimized for clients including HP, ABBYY, and Kaspersky Lab within the software sector.
Who are the top competitors of Avangate?
How many acquisitions has Avangate made?
Avangate has made 1 acquisition, including 2Checkout.
Who are Avangate's investors?
Avangate has 3 investors. Key investors include Francisco Partners, Gecad Ventures, and 3TS Capital Partners.
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