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
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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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- Legal Name Avetta India Private Limited
- Date of Incorporation 08 Jun, 2018
- Jurisdiction New Delhi, Delhi, India
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Sales and Marketing
35 people
Leadership Team
34 people
Product Management Team
22 people
Software Development Team
13 people
Senior Team
10 people
Account Team
10 people
Finance and Accounting
8 people
Operations Team
4 people
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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 Total Funding
- Total Rounds 1
- Last Round Series B — $35.0M
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First Round
First Round
(17 Jan 2013)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2013 | Amount | Series B - Avetta | 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 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. 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 and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location | |
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EQT is recognized as a global investment organization focused on value creation.
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Founded Year | Domain | Location | |
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Healthcare and technology sectors are targeted for private equity investments.
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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 Avetta
Avetta has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pegasus. 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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Online platform for workforce management in various industries is provided.
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1987 |
| 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 - Avetta
| 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 |
Avetta Comparisons
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. 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-enabled supplier collaboration solutions are provided to businesses.
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| domain | founded_year | HQ Location |
Audit and supplier management solutions are offered to businesses.
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| domain | founded_year | HQ Location |
Cloud-based supplier management solutions are provided by ConnXus.
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| domain | founded_year | HQ Location |
Procurement insights and supplier ratings are delivered across industries.
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| domain | founded_year | HQ Location |
Supply chain risks are identified, qualified, evaluated, and monitored globally.
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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 Avetta
Frequently Asked Questions about Avetta
When was Avetta founded?
Avetta was founded in 2003 and raised its 1st funding round 10 years after it was founded.
Where is Avetta located?
Avetta is headquartered in Lehi, United States. It is registered at Lehi, Utah, United States.
Is Avetta a funded company?
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 17, 2013.
What does Avetta do?
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.
How many acquisitions has Avetta made?
Avetta has made 1 acquisition, including Pegasus.
Who are Avetta's investors?
Avetta has 4 investors. Key investors include EQT, Welsh, Carson, Anderson & Stowe, Norwest Venture Partners, and TCV.
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