About Avantel
Avantel is a company based in Bogota (Colombia) founded in 1996 was acquired by Novator Partners in July 2020.. Avantel has raised $15 million across 1 funding round from investors including International Finance Corporation, CAF and Appaloosa Management. Avantel offers products and services including Potatoes and Grain Marketing.
- Headquarter Bogota, Colombia
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Sectors
Telecommunications
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Email
***********
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Phone
*********
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Website
*********
- Legal Name Maine Potato Growers, 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
$15 M (USD)
in 1 rounds
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Latest Funding Round
$15 M (USD), Series B
Nov 13, 2013
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Investors
International Finance Corporation
& 4 more
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Employee Count
Employee Count
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Acquired by
Novator Partners
(Jul 08, 2020)
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Products & Services of Avantel
Avantel offers a comprehensive portfolio of products and services, including Potatoes and Grain Marketing. 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.
Potatoes are farmed and sold for food and industrial purposes
Grains are promoted and distributed from farms to various buyers
Funding Insights of Avantel
Avantel has successfully raised a total of $15M through 1 strategic funding round. The most recent funding activity was a Series B round of $15 million completed in November 2013. 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 1
- Last Round Series B — $15.0M
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First Round
First Round
(13 Nov 2013)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2013 | Amount | Series B - Avantel | 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 |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Avantel
Avantel has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include International Finance Corporation, CAF and Appaloosa Management. 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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IFC is focused on private sector development in emerging markets.
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Founded Year | Domain | Location | |
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Early stage VC firm investing in the US
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Founded Year | Domain | Location | |
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Private equity investments in Europe are managed by Novator Partners.
|
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
|
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.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Avantel
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
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.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Avantel
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Avantel Comparisons
Competitors of Avantel
| 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.
|
Frequently Asked Questions about Avantel
When was Avantel founded?
Avantel was founded in 1996 and raised its 1st funding round 17 years after it was founded.
Where is Avantel located?
Avantel is headquartered in Bogota, Colombia. It is registered at Bogota, Bogota, Colombia.
Is Avantel a funded company?
Avantel is a funded company, having raised a total of $15M across 1 funding round to date. The company's 1st funding round was a Series B of $15M, raised on Nov 13, 2013.
What does Avantel do?
Avantel was established in 1996 and is headquartered in Bogota, Colombia. Operations within the telecommunications sector are centered on cellular network services. Connectivity solutions for mobile communications are delivered across the country. The domain avantel.com.co supports online presence for these activities. Focus remains on infrastructure and service provision in the regional market.
What products or services does Avantel offer?
Avantel offers Potatoes and Grain Marketing.
Who are Avantel's investors?
Avantel has 5 investors. Key investors include International Finance Corporation, CAF, Appaloosa Management, Discovery Capital, and Novator Partners.
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