About Avetta
Avetta is a company based in Lehi (United States) founded in 2003 was acquired by EQT in April 2024. Avetta has raised $35 million across 1 funding round from investors including EQT, Welsh, Carson, Anderson & Stowe and Norwest Venture Partners. Avetta has completed 1 acquisition, including Pegasus. Avetta operates in a competitive market with competitors including Nulogy, APEX Analytix, ConnXus, Beroe and Achilles, among others.
- Headquarter Lehi, United States
- SectorsTechnology
- Website category Heavy Industry and Engineering · Energy Industry
- Email••••••••
- Website avetta.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Welsh, Carson, Anderson & Stowe (Mar 2018)
- Legal Name Avetta India Private Limited
- Date of Incorporation 08 Jun, 2018
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹81.1 Lakh
FY 2025 · -28% YoY
- Net Profit₹5.7 Lakh
FY 2025 · 7% margin
- EBITDA₹8.1 Lakh
FY 2025 · 10% margin
- Total Equity Funding$35M (USD)
in 1 rounds
- Latest Funding Round$35M (USD), Series B
Jan 2013
- InvestorsEQT
& 3 more
- Investments & Acquisitions
- Acquired by
Associated legal entities of Avetta
Avetta operates through Avetta India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Avetta India Private Limited CIN U74999DL2018FTC335058 | Active | 08 Jun 2018 | New Delhi, Delhi | ₹0.8 Cr | – | 2 | View details |
Apps and channels of Avetta
Avetta publishes 2 mobile apps with over 20K+ downloads; its YouTube channel Avetta has 828 subscribers and 30 videos.
Videos from Avetta
The most watched videos on Avetta's YouTube channel, Avetta (828 subscribers). Click a video to play it here.
More on Avetta.
Funding Insights of Avetta
Avetta has successfully raised a total of $35M through 1 strategic funding round. The most recent funding activity was a Series B round of $35 million completed in January 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 $35M
- Total Rounds 1
- Last Round Series B — $35M
- First Round $35M
(Jan 2013)
- Investors Count 1
All 1 funding rounds of Avetta 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 |
|---|---|---|---|---|---|
| Jan 2013 | $35M | Series B | – | – |
4 investors in total: 4 institutional.
Investors in Avetta
Avetta has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include EQT, Welsh, Carson, Anderson & Stowe and Norwest Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors. | 1961 | nvp.com | Menlo Park, United States | |
EQT is recognized as a global investment organization focused on value creation. | 1994 | eqtgroup.com | Stockholm, Sweden | |
Healthcare and technology sectors are targeted for private equity investments. | 1979 | wcas.com | New York, United States | |
Venture capital is invested in global technology companies by TCV. | – | tcv.com | Menlo Park, United States |
Investor details for Avetta
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Avetta India Private Limited (Avetta)
Avetta India Private Limited is the primary company behind Avetta. The board of Avetta India Private Limited currently have 2 directors; the longest-serving is Brandon Ross Grinwis, appointed in 2024. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Brandon Ross Grinwis DIN 10651699 | Director | 28 Nov 2024 | 1 yr 10 mo | Avetta India Private Limited |
| Shikha Agarwal DIN 03405871 | Director | 28 Nov 2024 | 1 yr 10 mo | Avetta India Private Limited |
People of Avetta
178 people are tracked at Avetta (54 in leadership, 124 in team).
| Name | Role | Group |
|---|---|---|
Arshad Matin | President & CEO | Leadership |
Ali Nick | Partner Manager (alliance & Channels) | Leadership |
Hiren Patel | Director, Global Workforce Strategy | Leadership |
Laura-Taylor Richards | Senior Director, Supplier Network Experience | Leadership |
Tatiana Feola | Director Sales Developoment | Leadership |
Leo Tsai | Director, Finance | Leadership |
Stephen Clouse | VP - It, Business Applications, And Cybersecurity | Leadership |
Brett Pearson | Vice President - Corporate Services | Leadership |
Juan C. M. | Regional Director - Latin America | Leadership |
Edwin Chan | Director, Account Management - APAC | Leadership |
Lindsay M. | Director, Customer Sales - Noram & CAN | Leadership |
Bill Strauss | Senior Director, Business Systems | Leadership |
Laura Carpinetti | Director Of Product Experience | Leadership |
Brittany Powers | Director Of Product Management | Leadership |
Jeff Kristick | Chief Revenue Officer | Leadership |
Bob Bocksel | Sales Director | Leadership |
Brian Wang | Senior Director, Devops | Leadership |
Mina Mina | VP Product | Leadership |
Dave Andreasen | Director, Sales Analytics And Systems | Leadership |
Erwin Mangali | Director, Product Operations | Leadership |
158 more people are available in the full profile.
Complete people profiles for Avetta
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Avetta
Figures of Avetta India Private Limited, the primary company behind Avetta, for FY 2025. Revenue was ₹81.1 Lakh (-28% year on year). Net profit was ₹5.7 Lakh (7% margin). EBITDA was ₹8.1 Lakh (10% margin). Revenue has grown at a compounded annual rate of +47% over three years and +39% over five years.
- ₹81.1 LakhRevenue · FY 2025 · -28% YoY
- ₹5.7 LakhNet profit · 7% margin
- ₹8.1 LakhEBITDA · 10% margin
- ₹1 LakhPaid-up capital
- +47%Revenue CAGR, 3 years
- +39%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Avetta India Private Limited are on its company page.
Detailed financial statements for Avetta
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Avetta
Avetta has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pegasus.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Online platform for workforce management in various industries is provided. | pegasus.net.au | Newcastle, Australia | 1987 | May 2021 | •••• |
Complete acquisition details for Avetta
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Avetta
5 dated milestones of Avetta across 21 years, from founding to its latest funding, stage changes and deals.
- Founded Avetta is founded.
- Funding First funding round of $35.0M.
- Exit Acquired by Welsh, Carson, Anderson & Stowe.
- Acquisition Acquires Pegasus.
- Exit Acquired by EQT.
Competitors of Avetta
Avetta 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 Nulogy, APEX Analytix, ConnXus, Beroe and Achilles, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| nulogy.com | 2002 | Toronto, Canada | $25.45M | – | Cloud-enabled supplier collaboration solutions are provided to businesses. | |
| apexanalytix.com | 1988 | Greensboro, United States | $7M | 316 | Audit and supplier management solutions are offered to businesses. | |
| connxus.com | 2010 | Mason, United States | $12.75M | 28 | Cloud-based supplier management solutions are provided by ConnXus. | |
| beroeinc.com | 2005 | Raleigh, United States | $44.25M | 629 | Procurement insights and supplier ratings are delivered across industries. | |
| achilles.com | 1990 | Abingdon, United Kingdom | $82.04M | 224 | Supply chain risks are identified, qualified, evaluated, and monitored globally. | |
| sourceday.com | 2013 | Austin, United States | $58.75M | 86 | Cloud-based ERP supply chain and supplier management portal for businesses | |
| lavante.com | 2001 | San Jose, United States | $25.32M | 34 | Supplier onboarding and compliance automation is provided by Lavante. |
Detailed competitors of Avetta
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of Avetta
The website of Avetta (avetta.com) receives about 300.1K visits a month and ranks #123,453 among all websites worldwide, #964 in Energy Industry.
- Monthly visits300.1K
▲ 28.7% vs previous month
- Unique visitors78.5K
per month
- Global rank#123,453
among all websites
- Category rank#964
Heavy Industry and Engineering · Energy Industry
- Bounce rate31%
- Pages per visit7.9
- Average visit4 min 39 sec
- DevicesDesktop 68% · Mobile 32%
Websites whose visitors overlap most with Avetta. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| isnetworld.com | 100% | 506.7K | #90,463 | View details | |
| safetyservicescompany.com | 51% | 18K | #1,231,405 | View details | |
| mastec.com | 45% | 74.2K | #512,179 | View details |
Latest news on Avetta
Complete news archive for Avetta
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Avetta
10 companies that operate in the same segment as Avetta (Procurement & Supply Chain IT), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based end-to-end spend management software is delivered for businesses. | 2006 | San Mateo, California, United States | USD 169 M | USD 39.68 M | 648 | |
Cloud-based positioning solutions are offered for industrial sectors. | 1978 | Sunnyvale, California, United States | – | USD 3.59 B | 12,100 | |
Zebra Technologies is recognized for providing intelligent operation solutions globally. | 1969 | Lincolnshire, Illinois, United States | – | USD 5.43 B | 9,900 | |
AI and cloud-based supply chain management solutions are provided. | 1985 | Scottsdale, Arizona, United States | USD 800 M | – | – | |
AI and SaaS-based robots for warehouse automation are provided. | 2012 | Roswell, United States | USD 545.23 M | USD 39.76 M | 553 | |
Provider of supply chain financing solutions for small and medium enterprises | 2017 | Mumbai, Maharashtra, India | USD 269.95 M | USD 48.5 M | 1,506 | |
AI-based electronic invoicing and supply chain management solution for businesses | 2009 | San Francisco, California, United States | USD 220.46 M | – | 185 | |
Contract lifecycle management software is developed using AI-powered intelligence. | 2016 | San Carlos, California, United States | USD 154.69 M | – | – | |
AI-powered software for legal contract management is utilized. | 2012 | Lehi, Utah, United States | USD 170.95 M | – | – | |
Procure-to-pay management software is offered for business operations. | 2017 | San Francisco, California, United States | USD 90.5 M | – | – |
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Frequently Asked Questions about Avetta
Avetta was founded in 2003 and raised its 1st funding round 10 years after it was founded.
Avetta is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Avetta is a funded company, having raised a total of $35M across 1 funding round to date. The company's 1st funding round was a Series B of $35M, raised on Jan 2013.
The primary company behind Avetta, Avetta India Private Limited, reported revenue of ₹81.1 Lakh for FY 2025, down 28% year on year.
Founded in 2003 and headquartered in Lehi, United States, Avetta operates in the supply chain risk management sector. A cloud-based platform is offered to mitigate risks during supplier onboarding and interactions. Key modules include DocuGuard for regulatory citations and safety statistics validation, InsureGuard for insurance document storage and verification, AuditGuard for field auditing and safety program samples, and EmployeeGuard for employee training and supplier engagement management.
Avetta has made 1 acquisition, including Pegasus.
Avetta has 4 investors. Key investors include EQT, Welsh, Carson, Anderson & Stowe, Norwest Venture Partners, and TCV.
Avetta operates through Avetta India Private Limited.
Yes. Avetta was acquired by Welsh, Carson, Anderson & Stowe in March 2018.
The legal entities of Avetta currently have 2 directors, including Brandon Ross Grinwis, Shikha Agarwal.
Yes. Avetta publishes Onsite Mobile by Avetta and 1 more app, with over 20,000 downloads.