About AVID Technology Group
AVID Technology Group is a Transportation, Automotive & Logistics company based in Cramlington (United Kingdom) founded in 2004, and was acquired by Turntide in June 2021. Manufacturer of electric drive systems and thermal management systems for hybrid and electric vehicles. 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. AVID Technology Group was last valued at $58.34 million in July 2016. AVID Technology Group offers products and services including Slot88 Platform. Its focus areas include Energy Tech, Electric Vehicles, Components and Powertrain Systems. Its legal entity is AVID TECHNOLOGY LIMITED.
Company details
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.
- Headquarters Cramlington, United Kingdom
- Employees 60
- Stage Acquired
- SectorsTransportation, Automotive & Logistics
- Email••••••••
- Phone•••• ••••
- Website avidtp.com
- Social LinkedIn X Facebook
- Acquired by Turntide (Jun 2021)
- Legal Name Avid Technology Limited
- Date of Incorporation 28 Nov, 2003
- Jurisdiction GATESHEAD, UNITED KINGDOM
Products & Services of AVID Technology Group
AVID Technology Group offers a comprehensive portfolio of products and services, including Slot88 Platform.
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 $17.75M
- Total Rounds 7
- Last Round Series A — $9.21M
- First Round $449,000
(Jan 2010)
- Investors Count 16
All 7 funding rounds of AVID Technology Group 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 |
|---|---|---|---|---|---|
| Mar 2019 | $9.21M | Series A | – | Maven Capital Partners | |
| Jul 2016 | $4.4M | Series A | $58.34M | NVM | |
| Nov 2015 | $524,700 | Seed | $2.42M | – | |
| Jun 2013 | $2.11M | Seed | $••••• | Chris Thompson | |
| Sep 2011 | $514,000 | Seed | $••••• | Express Group | |
| Dec 2010 | $537,200 | Seed | $••••• | Express Group | |
| Jan 2010 | $449,000 | Seed | $••••• | Christopher Baylis |
| Date | Valuation | Stage |
|---|---|---|
| Jul 2016 | $58.34M | •••••••• |
| Nov 2015 | $2.42M | •••••••• |
| Jun 2013 | $••••• | •••••••• |
| Sep 2011 | $••••• | •••••••• |
| Dec 2010 | $••••• | •••••••• |
Full valuation and stage history of AVID Technology Group
Every valuation point, the growth-stage changes (minicorn, soonicorn, unicorn) and the dates behind them require an active premium plan.
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Last known valuation $58.34M (Jul 2016). 17 investors in total: 8 institutional and 9 angel.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Multiple sectors are targeted for private equity investments. | 2005 | mavencp.com | Birmingham, United Kingdom | |
Private equity investments are managed across the UK. | 1984 | nvm.co.uk | Newcastle Upon Tyne, United Kingdom | |
Investment finance is provided to small and medium-sized enterprises. | northeastfund.org | Newcastle upon Tyne, United Kingdom | ||
Inheritance tax relief, funds, and bonds are provided across sectors. | 1986 | downing.co.uk | London, United Kingdom | |
| downingventures.com | ||||
| thenortheasttechnologyfund.com | ||||
Engineering & manufacturing companies focused PE fund | express-group.co.uk | |||
Provider of smart energy management solutions | 2013 | turntide.com | Sunnyvale, United States | |
AH Andy Hales | unknown_31b3657ee9104d8d9 | |||
MB Mike Browne | unknown_68a1c74a52f74fdea |
Investor details for AVID Technology Group
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of AVID Technology Group
1 people are tracked at AVID Technology Group (1 in leadership); the tracked headcount is 60.
| Name | Role | Group |
|---|---|---|
Graeme Cook | Managing Director | Leadership |
Complete people profiles for AVID Technology Group
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Timeline of AVID Technology Group
5 dated milestones of AVID Technology Group across 17 years, from founding to its latest funding, stage changes and deals.
- Founded AVID Technology Group is founded.
- Funding First funding round of $449K.
- Milestone Reaches Minicorn status.
- Funding Latest funding round, Series A, of $9.2M.
- Exit Acquired by Turntide.
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Frequently Asked Questions about AVID Technology Group
AVID Technology Group was founded in 2004 and raised its 1st funding round 6 years after it was founded.
AVID Technology Group is headquartered in Cramlington, United Kingdom. It is registered at Cramlington, Northumberland, United Kingdom.
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 $449K, raised on Jan 2010.
AVID Technology Group has 60 employees.
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.
AVID Technology Group offers Slot88 Platform.
AVID Technology Group has 17 investors. Key investors include Turntide, Downing, Maven Capital Partners, NVM Private Equity, and North East Fund.
The valuation of AVID Technology Group is $58.34M as of Jul 2016.
AVID Technology Group operates through Avid Technology Limited.
Yes. AVID Technology Group was acquired by Turntide in June 2021.