About Avenga
Avenga is a company based in Koln (Germany) founded in 2019 was acquired by KKCG in December 2023.. Avenga has completed 3 acquisitions, including IncluIT, Perfectial and Sevenval. Avenga offers products and services including Software Development, Consulting Services, Managed Services, and Staffing Services. Avenga operates in a competitive market with competitors including UST, NTT DATA, Breed Reply, Globant and 1&1 IONOS, among others.
- Headquarter Koln, Germany
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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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Products & Services of Avenga
Avenga offers a comprehensive portfolio of products and services, including Software Development, Consulting Services, Managed Services, and Staffing 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.
Delivers custom software for business needs and digital transformation.
Provides technology advice for strategic digital initiatives.
Offers ongoing support for infrastructure and applications.
Facilitates team augmentation for IT projects.
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Funding Insights of Avenga
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| 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 |
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Investors in Avenga
Avenga has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include KKCG. 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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KKCG is engaged in investment and innovation across multiple industries.
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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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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 Avenga
Avenga has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include IncluIT, Perfectial and Sevenval. 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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Software product development services are offered across multiple industries.
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2008 | ||||
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IT services are provided by Sevenval in the technology sector.
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1999 | ||||
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Software development, DevOps, cloud, and related IT services are provided.
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1994 |
| 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 - Avenga
| 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 |
Avenga Comparisons
Competitors of Avenga
Avenga 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, NTT DATA, Breed Reply, Globant and 1&1 IONOS, 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 |
High-quality office furniture is provided by UST for various needs.
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Application development, cloud, cybersecurity, and business intelligence services are provided.
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AI, cloud, and blockchain services are provided globally.
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IT and digital transformation services are delivered to various industries.
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| domain | founded_year | HQ Location |
Cloud infrastructure and hosting services are provided by 1&1 IONOS.
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Provider of end-to-end business process outsourcing services
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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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 Avenga
Frequently Asked Questions about Avenga
When was Avenga founded?
Avenga was founded in 2019.
Where is Avenga located?
Avenga is headquartered in Koln, Germany. It is registered at Koln, North Rhine-westphalia, Germany.
What does Avenga do?
Avenga was established in 2019 and is headquartered in Cologne, Germany. Operations focus on the information technology sector, where services encompassing UIUX design, data analytics, cloud management, and IoT solutions are delivered to clients. These offerings support digital transformation initiatives across various industries, with a presence centered in Europe. The company maintains a global footprint through its service provisions.
Who are the top competitors of Avenga?
Avenga's top competitors include Happiest Minds, 1&1 IONOS and Genpact.
What products or services does Avenga offer?
Avenga offers Software Development, Consulting Services, Managed Services, and Staffing Services.
How many acquisitions has Avenga made?
Avenga has made 3 acquisitions, including IncluIT, Perfectial, and Sevenval.
Who are Avenga's investors?
Avenga has 1 investor. Key investors include KKCG.
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