About AVID Technology Group
AVID Technology Group is a company based in Cramlington (United Kingdom) founded in 2004 was acquired by Turntide in June 2021.. AVID Technology Group has raised $17.75 million across 7 funding rounds from investors including Turntide, Downing and Maven Capital Partners. The company has 60 employees as of December 31, 2022. AVID Technology Group offers products and services including Slot88 Platform. AVID Technology Group operates in a competitive market with competitors including VIA Motors, IRP Systems, Libertine, ISE Corporation and TransPower, among others.
- Headquarter Cramlington, United Kingdom
- Employees 60 as on 31 Dec, 2022
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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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 Avid Technology Limited
- Date of Incorporation 28 Nov, 2003
- Jurisdiction GATESHEAD, UNITED KINGDOM
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Products & Services of AVID Technology Group
AVID Technology Group offers a comprehensive portfolio of products and services, including Slot88 Platform. 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.
Platform for playing slot games with bonuses and high RTP.
Funding Insights of AVID Technology Group
AVID Technology Group has successfully raised a total of $17.75M across 7 strategic funding rounds. The most recent funding activity was a Series A round of $9.21 million completed in March 2019. 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 7
- Last Round Series A — $9.2M
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First Round
First Round
(07 Jan 2010)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2019 | Amount | Series A - AVID Technology Group | Valuation | Maven Capital Partners | |
| Jul, 2016 | Amount | Series A - AVID Technology Group | Valuation | NVM | |
| Nov, 2015 | Amount | Seed - AVID Technology Group | 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 AVID Technology Group
AVID Technology Group has secured backing from 17 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Turntide, Downing and Maven Capital 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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Multiple sectors are targeted for private equity investments.
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Founded Year | Domain | Location | |
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Private equity investments are managed across the UK.
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Investment finance is provided to small and medium-sized enterprises.
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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 AVID Technology Group
| 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 |
Financial Statements - AVID Technology Group
| 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 |
investors |
Avid Technology Group Comparisons
Competitors of AVID Technology Group
AVID Technology Group 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 VIA Motors, IRP Systems, Libertine, ISE Corporation and TransPower, 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 |
Electric drive systems for commercial vehicles are provided.
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| domain | founded_year | HQ Location |
Software-defined electric powertrain systems for micromobility are provided.
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| domain | founded_year | HQ Location |
Linear power systems are provided for free-piston engine uses.
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| domain | founded_year | HQ Location |
Hybrid electric drive systems for heavy-duty vehicles were developed.
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| domain | founded_year | HQ Location |
Electric drive systems for commercial vehicles and battery energy storage systems
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| domain | founded_year | HQ Location |
Developer of powertrain system for multi-category vehicles
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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 Avid Technology Group
Frequently Asked Questions about AVID Technology Group
When was AVID Technology Group founded?
AVID Technology Group was founded in 2004 and raised its 1st funding round 6 years after it was founded.
Where is AVID Technology Group located?
AVID Technology Group is headquartered in Cramlington, United Kingdom. It is registered at Cramlington, Northumberland, United Kingdom.
Is AVID Technology Group a funded company?
AVID Technology Group is a funded company, having raised a total of $17.75M across 7 funding rounds to date. The company's 1st funding round was a Seed of $524.7K, raised on Jan 07, 2010.
How many employees does AVID Technology Group have?
As of Dec 31, 2022, the latest employee count at AVID Technology Group is 60.
What does AVID Technology Group do?
AVID Technology Group was founded in 2004 in Cramlington, United Kingdom, within the automotive sector. Electric drive systems and thermal management solutions for hybrid and electric vehicles are produced. Electrification and intelligent control of engine ancillaries, thermal systems, and hybrid components are specialized in. Drivetrain elements such as alternators and pumps are developed, including the Fan Micro Hybrid System (MHS) that replaces conventional engine cooling.
Who are the top competitors of AVID Technology Group?
AVID Technology Group's top competitors include VIA Motors, IRP Systems and Libertine.
What products or services does AVID Technology Group offer?
AVID Technology Group offers Slot88 Platform.
Who are AVID Technology Group's investors?
AVID Technology Group has 17 investors. Key investors include Turntide, Downing, Maven Capital Partners, NVM Private Equity, and North East Fund.
What is AVID Technology Group's valuation?
The valuation of AVID Technology Group is $58.34M as of Jul 2016.
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