About Avenue
Avenue is a Technology company based in Miami (United States) founded in 2002 by Henry Conceicao and Roberto Lee. Online platform for trading in stocks. Avenue has raised $122.94 million across 3 funding rounds from investors including Itaú, Igah Ventures and SoftBank Latin America Fund. The company has 140 employees. Avenue has completed 1 acquisition, including myProfit. Its chief executive, as recorded, is Roberto Lee. Its website avenue.us draws about 539 thousand monthly visits. Its focus areas include FinTech, Investment Tech, Online Trading Platforms and Stocks. Its competitors include Public, Interactive Brokers and TD Ameritrade; 1 of its 3 listed competitors has raised funding.
Company details
Avenue is an online platform focused on trading in stocks, ETFs, REITs, among others. It allows users to buy, sell trade assets at discount rates. The application can be accessed on iOS and Android devices.
Funding Insights of Avenue
Avenue has successfully raised a total of $122.94M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $94 million completed in July 2022. 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 $122.94M
- Total Rounds 3
- Last Round Series B — $94M
- Investors Count 3
All 3 funding rounds of Avenue with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2022 | $94M | Series B | – | Itau BBA | – |
| Aug 2021 | $28.94M | Series A | – | SoftBank Latin America Fund | |
| Feb 2020 | Seed | – | – |
3 investors in total: 3 institutional.
Investors in Avenue
Avenue has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Itaú, Igah Ventures and SoftBank Latin America Fund.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital is invested in multiple sectors by the fund. | latinamericafund.com | Miami, United States | ||
Venture capital firm focused on multiple sectors | 2011 | igahventures.com | Sao Paulo, Brazil | |
A leading Brazilian bank, Itaú is focused on providing comprehensive financial solutions. | 1988 | itau.com.br | Sao Paulo, Brazil |
Investor details for Avenue
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People of Avenue
5 people are tracked at Avenue (5 in leadership); the tracked headcount is 140.
| Name | Role | Group |
|---|---|---|
Henry Conceicao | Co-Founder & CTO | Leadership |
Roberto Lee | Co-Founder & CEO | Leadership |
Emmanuil Gambini Inglesis | Chief Financial Officer | Leadership |
Pedro C. | Partner | Leadership |
William Castro Alves | Chief Strategist | Leadership |
Complete people profiles for Avenue
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Investments & Acquisitions by Avenue
Avenue has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include myProfit.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
App-based platform for stock market indicators | myprofitweb.com | Jundiai, Brazil | 2020 | Nov 2022 | •••• |
Complete acquisition details for Avenue
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Timeline of Avenue
4 dated milestones of Avenue across 20 years, from founding to its latest funding, stage changes and deals.
- Founded Avenue is founded.
- Funding First funding round.
- Funding Latest funding round, Series B, of $94.0M.
- Acquisition Acquires myProfit.
Competitors of Avenue
Avenue has 3 listed competitors in our database, 1 of them funded. They include Public, Interactive Brokers and TD Ameritrade.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| public.com | 2019 | New York, United States | $420.58M | Multi-asset investments are facilitated for individual users through a platform. | ||
| interactivebrokers.com | 1977 | Greenwich, United States | 2,932 | Provider of online brokerage services and trading platforms | ||
| tdameritrade.com | 1994 | Omaha, United States | Online trading in stocks, forex, futures, and ETFs is facilitated. |
Detailed competitors of Avenue
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Web traffic of Avenue
The website of Avenue (avenue.us) receives about 538.5K visits a month and ranks #74,154 among all websites worldwide, #4,685 in Investing.
- Monthly visits538.5K
- Unique visitors191.5K
per month
- Global rank#74,154
among all websites
- Category rank#4,685
Finance · Investing
- Bounce rate26%
- Pages per visit5.5
- Average visit2 min 36 sec
- DevicesDesktop 50% · Mobile 50%
Websites whose visitors overlap most with Avenue. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| xpi.com.br | 100% | 4M | #11,208 | View details | |
statusinvest.com.br | statusinvest.com.br | 99% | #16,805 | – | |
| maisretorno.com | 97% | 438.1K | #105,645 | View details | |
tesourodireto.com.br | tesourodireto.com.br | 96% | #18,874 | – | |
investidor10.com.br | investidor10.com.br | 95% | #6,191 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Avenue
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Top companies in Investment & Financial Technology
3 companies that operate in the same segment as Avenue (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 |
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Related news about Avenue
Complete news archive for Avenue
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Frequently Asked Questions about Avenue
Avenue was founded in 2002 and raised its 1st funding round 18 years after it was founded.
Avenue is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Roberto Lee is the CEO of Avenue, as recorded in our data. They have also founded this company.
Avenue is a funded company, having raised a total of $122.94M across 3 funding rounds to date.
Avenue has 140 employees.
Avenue is an online platform focused on trading in stocks, ETFs, REITs, among others. It allows users to buy, sell trade assets at discount rates. The application can be accessed on iOS and Android devices.
Avenue's top competitors include Public, Interactive Brokers and TD Ameritrade.
Avenue has made 1 acquisition, including myProfit.
Avenue has 3 investors. Key investors include Itaú, Igah Ventures, and SoftBank Latin America Fund.
The website of Avenue receives about 539 thousand visits a month and ranks #74,154 among all websites worldwide.