About Avassa
Avassa is a company based in Stockholm (Sweden) founded in 2020 by Fredrik Lundberg.. Avassa has raised $7 million across 2 funding rounds from investors including H&M Group Ventures, Fairpoint Capital and Industrifonden. Avassa offers products and services including Avassa Edge Platform, Control Tower, and Edge Enforcer. Avassa operates in a competitive market with competitors including Datadog, VMware, Nutanix, Flexera and AvePoint, among others.
- Headquarter Stockholm, Sweden
- Founders Fredrik Lundberg
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Avassa Systems Ab
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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 M (USD)
in 2 rounds
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Latest Funding Round
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Investors
H&M Group Ventures
& 2 more
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Employee Count
Employee Count
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Products & Services of Avassa
Avassa offers a comprehensive portfolio of products and services, including Avassa Edge Platform, Control Tower, and Edge Enforcer. 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.
Platform for deploying and managing edge applications securely
Central interface for configuring and monitoring edge applications
Agent for securing and automating edge host operations
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Funding Insights of Avassa
Avassa has successfully raised a total of $7M across 2 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 2
- Last Round Last Round
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First Round
First Round
(18 Nov 2020)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Series A - Avassa | Valuation | H&M Group Ventures | |
| Nov, 2020 | Amount | Series A - Avassa | Valuation | Fairpoint Capital |
| 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 Avassa
Avassa has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include H&M Group Ventures, Fairpoint Capital and Industrifonden. 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 fund investing in multiple sectors
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Founded Year | Domain | Location | |
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B2B tech sectors focused early & growth stage VC fund
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Founded Year | Domain | Location | |
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Investments in deep-tech, life sciences, and transformative tech are managed.
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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 Avassa
| 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 - Avassa
| 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 |
Avassa Comparisons
Competitors of Avassa
Avassa 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 Datadog, VMware, Nutanix, Flexera and AvePoint, 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 |
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| domain | founded_year | HQ Location |
Cloud and application performance management platform is provided.
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| domain | founded_year | HQ Location |
Cloud orchestration solutions are provided for multi-cloud and device applications.
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| domain | founded_year | HQ Location |
AI-powered cloud management software is delivered for enterprises.
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| domain | founded_year | HQ Location |
Cloud management solutions are delivered via an online IT platform.
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| domain | founded_year | HQ Location |
Cloud based platform offering data backup and recovery solutions
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| domain | founded_year | HQ Location |
AI based cost management platform
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 Avassa
Frequently Asked Questions about Avassa
When was Avassa founded?
Avassa was founded in 2020.
Where is Avassa located?
Avassa is headquartered in Stockholm, Sweden.
Who is the current CEO of Avassa?
Fredrik Lundberg is the current CEO of Avassa. They have also founded this company.
Is Avassa a funded company?
Avassa is a funded company, having raised a total of $7M across 2 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Nov 18, 2020.
What does Avassa do?
Avassa was founded in 2020 in Stockholm, Sweden, as a provider of edge cloud management solutions. Operations focus on the technology sector, where container applications are autonomously executed and controlled across micro-data centers. Distributed secrets management is handled through cryptographic tenants, and integration with various application management tools is supported. Services address edge computing needs in distributed environments.
Who are the top competitors of Avassa?
What products or services does Avassa offer?
Avassa offers Avassa Edge Platform, Control Tower, and Edge Enforcer.
Who are Avassa's investors?
Avassa has 3 investors. Key investors include H&M Group Ventures, Fairpoint Capital, and Industrifonden.
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