About Avnet
Avnet is a company based in Phoenix (United States) founded in 1921.. The company has 14,870 employees as of June 30, 2025. Avnet has completed 20 acquisitions, including Abacus Group, Avnet Services and Bell Microproducts. Avnet offers products and services including Potatoes and Grain Marketing.
- Headquarter Phoenix, United States
- Employees 14870 as on 30 Jun, 2025
- Stage Public
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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 Avnet, Inc.
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Annual Revenue
$22.2 B-6.55as on Jun 30, 2025
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Net Profit
$240.22 M-51.83as on Jun 30, 2025
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EBITDA
$747.76 M-27.92as on Jun 30, 2025
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Latest Funding Round
$1.93 M (USD), Post-IPO
Apr 13, 2019
- Investors
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Employee Count
14870
as on Jun 30, 2025
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Investments & Acquisitions
Abacus Group
& 19 more
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IPO & Listings of Avnet
Avnet is a publicly listed company on the NASDAQ with ticker symbol AVT in USA, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Avnet
Avnet offers a comprehensive portfolio of products and services, including Potatoes and Grain Marketing. 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.
Potatoes are farmed and sold for food and industrial uses by the company.
Grains are promoted and distributed from farms through these services.
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Software Development Team
64 people
Human Resources and Administration
29 people
Product Management Team
28 people
Leadership Team
22 people
Finance and Accounting
13 people
System Team
6 people
Legal and Compliance
6 people
Operations Team
5 people
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Funding Insights of Avnet
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $1.9M
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First Round
First Round
(13 Apr 2019)
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2019 | Amount | Post-IPO - Avnet | 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 |
investors |
Investors in Avnet
Avnet has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Cipher Capital. 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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Cipher Capital is engaged in investment management using quantitative methods.
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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 Avnet
Avnet has strategically engaged in corporate development activities, having acquired 20 companies. Notable acquisitions include Abacus Group, Avnet Services and Bell Microproducts. 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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Social community platform for learning about hardware
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2013 | ||||
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Provider of E-waste recycling services
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2009 | ||||
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Managed IT and cybersecurity services are provided for financial firms.
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2008 |
| 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 - Avnet
| 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 |
Avnet Comparisons
Competitors of Avnet
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Avnet
Frequently Asked Questions about Avnet
When was Avnet founded?
Avnet was founded in 1921 and raised its 1st funding round 98 years after it was founded.
Where is Avnet located?
Avnet is headquartered in Phoenix, United States. It is registered at Phoenix, Arizona, United States.
How many employees does Avnet have?
As of Jun 30, 2025, the latest employee count at Avnet is 14,870.
What is the annual revenue of Avnet?
Annual revenue of Avnet is $22.2B as on Jun 30, 2025.
What does Avnet do?
Avnet is a global distributor of electronic components, computer products, and embedded technology. Serving customers in more than 115 countries. Its branch Avnet technology solution is a global IT solution provider and distributes computing solutions for healthcare, education, and government. It serves customers and suppliers in North America, Latin America and the Caribbean, Asia Pacific, and Europe, Middle East and Africa. In 2022, the company recorded annual revenues of 26.36B and a net profit of 0.86B.
What products or services does Avnet offer?
Avnet offers Potatoes and Grain Marketing.
Is Avnet publicly traded?
Yes, Avnet is publicly traded on NASDAQ under the ticker symbol AVT.
How many acquisitions has Avnet made?
Avnet has made 20 acquisitions, including Abacus Group, Avnet Services, and Bell Microproducts.
Who are Avnet's investors?
Avnet has 1 investor. Key investors include Cipher Capital.
What is Avnet's ticker symbol?
The ticker symbol of Avnet is AVT on NASDAQ.
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