About Avvenu
Avvenu is a company based in Palo Alto (United States) founded in 2004 was acquired by Nokia in December 2007.. Avvenu has raised $9 million across 3 funding rounds from investors including Motorola Mobility, Nokia and Worldview Technology Partners. Avvenu operates in a competitive market with competitors including Audirvana, Nahimic, Muzecast, MUSIC DJ BOX and Whaale, among others.
- Headquarter Palo Alto, United States
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$9 M (USD)
in 3 rounds
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Latest Funding Round
$310 K (USD), Debt – Venture
Oct 29, 2007
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Investors
Motorola Mobility
& 3 more
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Employee Count
Employee Count
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Acquired by
Nokia
(Dec 04, 2007)
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Funding Insights of Avvenu
Avvenu has successfully raised a total of $9M across 3 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $310 thousand completed in October 2007. 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 3
- Last Round Debt – Venture — $310,000
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2007 | Amount | Debt – Venture - Avvenu | Valuation |
investors |
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| Jul, 2006 | Amount | Series B - Avvenu | Valuation |
investors |
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| Mar, 2005 | Amount | Series A - Avvenu | 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 Avvenu
Avvenu has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Motorola Mobility, Nokia and Worldview Technology 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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US technology sectors are targeted by this venture capital firm.
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Founded Year | Domain | Location | |
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CRV is recognized as a venture capital firm investing in technology startups.
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Founded Year | Domain | Location | |
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Mobile devices, cases, tablets, and screen protectors are offered online.
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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 Avvenu
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
|
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.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Avvenu
| 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 |
Avvenu Comparisons
Competitors of Avvenu
Avvenu 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 Audirvana, Nahimic, Muzecast, MUSIC DJ BOX and Whaale, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Functions as a provider of on-demand high-quality streaming software.
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| domain | founded_year | HQ Location |
Software developer offering gaming and music solutions
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| domain | founded_year | HQ Location |
An online platform for aggregating and managing personal media content.
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| domain | founded_year | HQ Location |
MUSIC DJ BOX develops music player and remote control applications.
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| domain | founded_year | HQ Location |
Wireless home audio devices with intuitive interfaces and high-tech features.
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| 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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Frequently Asked Questions about Avvenu
When was Avvenu founded?
Avvenu was founded in 2004 and raised its 1st funding round 1 year after it was founded.
Where is Avvenu located?
Avvenu is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Avvenu a funded company?
Avvenu is a funded company, having raised a total of $9M across 3 funding rounds to date.
What does Avvenu do?
Avvenu was founded in 2004 in Palo Alto, United States, operating in the cloud computing and media sharing sector. Access to photos, music, and files stored on PCs, mobile phones, and other internet-connected devices is facilitated through its platform. The Access Share service supports browsing, listening, and sharing of iTunes libraries from Windows XP or Vista systems. Media routing and managed peer-to-peer content distribution technologies are utilized for these operations.
Who are the top competitors of Avvenu?
Avvenu's top competitors include Nahimic, ExXothermic and TunesMap.
Who are Avvenu's investors?
Avvenu has 4 investors. Key investors include Motorola Mobility, Nokia, Worldview Technology Partners, and CRV.
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