About North Avenue Capital
North Avenue Capital is a company based in Ponte Vedra Beach (United States) founded in 2014 was acquired by Veritex Bank in September 2021.. North Avenue Capital has raised $5.2 million across 3 funding rounds from investors including Veritex Bank. North Avenue Capital offers products and services including Government-Guaranteed Loans and Community Banking Services.
- Headquarter Ponte Vedra Beach, United States
-
Sectors
Financial Services
-
Email
***********
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Veritex Community Bank
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$5.2 M (USD)
in 3 rounds
-
Latest Funding Round
$1.62 M (USD), Debt – Conventional
Mar 04, 2019
- Investors
-
Employee Count
Employee Count
-
Acquired by
Veritex Bank
(Sep 21, 2021)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of North Avenue Capital
North Avenue Capital offers a comprehensive portfolio of products and services, including Government-Guaranteed Loans and Community Banking Services. 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.
Loans are provided that are guaranteed by the government for rural and small businesses
Banking services are offered to support community members and businesses
Funding Insights of North Avenue Capital
North Avenue Capital has successfully raised a total of $5.2M across 3 strategic funding rounds. The most recent funding activity was a Debt – Conventional round of $1.62 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 3
- Last Round Debt – Conventional — $1.6M
-
First Round
First Round
(05 Apr 2017)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2019 | Amount | Debt – Conventional - North Avenue Capital | Valuation |
investors |
|
| Jan, 2018 | Amount | Debt – Conventional - North Avenue Capital | Valuation |
investors |
|
| Apr, 2017 | Amount | Series A - North Avenue Capital | Valuation |
investors |
|
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in North Avenue Capital
North Avenue Capital has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Veritex Bank. 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 |
|---|---|---|---|---|
|
Commercial banking services are offered to businesses and individuals.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by North Avenue Capital
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - North Avenue Capital
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
North Avenue Capital Comparisons
Competitors of North Avenue Capital
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Frequently Asked Questions about North Avenue Capital
When was North Avenue Capital founded?
North Avenue Capital was founded in 2014 and raised its 1st funding round 3 years after it was founded.
Where is North Avenue Capital located?
North Avenue Capital is headquartered in Ponte Vedra Beach, United States. It is registered at Ponte Vedra Beach, Florida, United States.
Is North Avenue Capital a funded company?
North Avenue Capital is a funded company, having raised a total of $5.2M across 3 funding rounds to date. The company's 1st funding round was a Series A of $5.2M, raised on Apr 05, 2017.
What does North Avenue Capital do?
North Avenue Capital was founded in 2014 and is based in Ponte Vedra Beach, United States. Operations are conducted as a private debt equity firm within the financial sector. Commercial lending services are extended to support business financing needs. The firms domain, northavenue.com, facilitates these activities across the United States. Structured debt solutions are emphasized in core operations.
What products or services does North Avenue Capital offer?
North Avenue Capital offers Government-Guaranteed Loans and Community Banking Services.
Who are North Avenue Capital's investors?
North Avenue Capital has 1 investor. Key investors include Veritex Bank.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.