About Avenue
Avenue is a company based in Miami (United States) founded in 2002 by Henry Conceicao and Roberto Lee.. 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 as of December 31, 2022. Avenue has completed 1 acquisition, including myProfit. Avenue operates in a competitive market with competitors including Public, Interactive Brokers, TD Ameritrade, Tiger Brokers and Tastytrade, among others.
- Headquarter Miami, United States
- Employees 140 as on 31 Dec, 2022
- Founders Henry Conceicao, Roberto Lee
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Sectors
Technology
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Email
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Phone
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Website
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Social
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Finance and Accounting
1 people
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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 Total Funding
- Total Rounds 3
- Last Round Series B — $94.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2022 | Amount | Series B - Avenue | Valuation | Itau BBA |
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| Aug, 2021 | Amount | Series A - Avenue | Valuation | SoftBank Latin America Fund | |
| Feb, 2020 | Amount | Seed - Avenue | 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 |
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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. 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 is invested in multiple sectors by the fund.
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Founded Year | Domain | Location | |
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Venture capital firm focused on multiple sectors
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Founded Year | Domain | Location | |
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A leading Brazilian bank, Itaú is focused on providing comprehensive financial solutions.
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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 Avenue
Avenue has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include myProfit. 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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App-based platform for stock market indicators
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2020 |
| 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 - Avenue
| 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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Avenue Comparisons
Competitors of Avenue
Avenue 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 Public, Interactive Brokers, TD Ameritrade, Tiger Brokers and Tastytrade, 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 |
Multi-asset investments are facilitated for individual users through a platform.
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| domain | founded_year | HQ Location |
Provider of online brokerage services and trading platforms
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| domain | founded_year | HQ Location |
Online trading in stocks, forex, futures, and ETFs is facilitated.
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| domain | founded_year | HQ Location |
Online trading of stocks, securities, and options is enabled.
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| domain | founded_year | HQ Location |
Online platform publishing content focusing on investment
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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 Avenue
Frequently Asked Questions about Avenue
When was Avenue founded?
Avenue was founded in 2002 and raised its 1st funding round 18 years after it was founded.
Where is Avenue located?
Avenue is headquartered in Miami, United States. It is registered at Miami, Florida, United States.
Who is the current CEO of Avenue?
Roberto Lee is the current CEO of Avenue. They have also founded this company.
Is Avenue a funded company?
Avenue is a funded company, having raised a total of $122.94M across 3 funding rounds to date.
How many employees does Avenue have?
As of Dec 31, 2022, the latest employee count at Avenue is 140.
What does Avenue do?
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.
Who are the top competitors of Avenue?
Avenue's top competitors include Public, Tastytrade and Tiger Brokers.
How many acquisitions has Avenue made?
Avenue has made 1 acquisition, including myProfit.
Who are Avenue's investors?
Avenue has 3 investors. Key investors include Itaú, Igah Ventures, and SoftBank Latin America Fund.