Aavenir
United States
How Aavenir hit $6.9M revenue and 5.4K customers in 2023.
Aavenir's next-gen Source-to-Pay suite revolutionizes age-old procurement processes by using the latest Machine Learning and Natural Language Processing technologies to reduce cycle time, yet offering insightful best practices suggestions based on historical data. For example, Aavenir's Contractflow - Contract Lifecycle Management (CLM) product solves the hardest text analytics problems for risk and obligation management while, Invoiceflow - Accounts Payable (AP) automation product solves multi-vendor invoice data extraction and processing problems by harnessing the power of AI & ML technologies. Aavenir SaaS-based source-to-pay solutions are powered by the most advanced cloud-based ServiceNow platform that is delivering unified digital workflows to create great experiences and unlock productivity for approximately 5,400 enterprise customers worldwide, including Fortune 500 companies. We deliver the future of work! We know that the future of work is changing and we want to be at the
2019
Founded
$6.9M
2023 Revenue
113.14%
YOY
$8M
Funding
Aavenir Revenue
In 2023, Aavenir revenue run rate hit $6.9M in revenue.
-
2023
Aavenir hit $6.9M in revenue in 2023
-
2021
Aavenir hit $2.1M in revenue in 2021
-
2019
Aavenir launched in 2019 with $0 revenue
Aavenir Funding History
-
2022 Series A
Aavenir raised a Series A of in March, 2022
-
2021 Acquired
Aavenir raised a Acquired of in April, 2021
-
2020 Seed Round
Aavenir raised a Seed Round of in April, 2020
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| March, 22 2022 | Series A | ||
| April, 13 2021 | Acquired | ||
| April, 15 2020 | Seed Round |
Team
Aavenir has 76 total employees and 6 sales reps that carry a quota. They have 5,400 customers an engineering team of 17 and a marketing team of 5.
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 76 |
| Engineer | 17 (22%) |
| Sales | 6 (8%) |
| Marketing | 5 (7%) |
Founder / CEO
Jesal Mehta
Seasoned enterprise software executive with deep experience in driving product growth with innovative offerings and strategies; also, building and delivering with high-performing teams in India and USA. Strategic excellence: Extensive experience with Procure-to-Pay (P2P) and contract management product suite with various industry-leading product lines in leadership positions within different functions like product management and engineering as well as professional services.Ownership of Apttus' flagship product Contract Lifecycle Management (CLM), building and executing cohesive strategy across product engineering, sales, marketing and delivery, pursuing very aggressive growth targets year over year. Operational excellence: Established and managed offshore development centers, in 3 different cities, in India with full delivery ownership of products, professional services, and support functions. Worked with industry-leading Systems Integration (SI) partners in scaling the organizations with different business models.
Q&A
-
What's your age?
-
-
Favorite online tool?
-
-
Favorite book?
-
-
Favorite CEO?
-
-
Advice for 20 year old self
-
Customers
Churn
Aavenir Executives
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Jesal Mehta | CEO | [email protected] | - |
Aavenir Employees
| Name | Position | Working Email | Personal Email |
|---|---|---|---|
| Jesal Mehta | CEO | [email protected] | - |
Frequently Asked Questions about Aavenir
-
When was Aavenir founded?
Aavenir was founded in 2019.
-
How much revenue does Aavenir generate?
Aavenir generates $6.9M in revenue.
-
Who is the CEO of Aavenir
The CEO of Aavenir is Jesal Mehta.
-
How much funding does Aavenir have?
Aavenir raised $8M.
-
How many employees does Aavenir have?
Aavenir has 76 employees.
-
Where is Aavenir headquarters?
Aavenir is headquartered at United States
People Also Viewed
Chatmeter
Complete Local Brand Management Platform, Reputation and Local SEO Analytics for Multi-Location Chains and Agencies. Client Retention Rate over 90%
Channel Mechanics
Provider of a cloud-based channel enablement platform designed to accelerate revenue generation for companies. The company's channel enablement platform offers data, tools and insights to turn sales ideas into easily executable market promotions and sales programs, enabling businesses to manage and maximize sales through the right channel partners.
FRACTTAL
Provider of a cloud-based enterprise asset management software intended to manage the maintenance of business assets. The company's asset management software monitors the conditions of business assets in real-time by connecting all the business assets to the internet and converting the information gathered into relevant actions, enabling enterprises to be more productive, avoiding failures and reducing the costs.
Infolio
All-in-one project collaboration suite
Colonies
Provider of an online co-living platform designed to manage and connect with fully-furnished, community-minded quality homes located in large cities. The company's platform connects its users with fully furnished and equipped studio apartments with all basic amenities and an online support community, enabling users to search, discover and book housing properties online for a pleasant stay in Paris.
Digevo
Digevo - Evolución Digital Somos Digitales, Innovadores y Globales. Digevo imagina, desarrolla y opera activos de tecnología de información de manera de proveer servicios de alto valor agregado para sus clientes. Con más de 20 años de experiencia en tecnologías de información, en Digevo, hemos abordado con éxito la misión de capitalizar la evolución digital global, la más importante del último tiempo en las áreas de internet, mobile y hoy inteligencia artificial. Nos enfocamos en oportunidades y desafíos del mundo emergente que puedan ser resueltas a través de tecnologías digitales. Operamos en Latinoamérica con nuestras divisiones de negocios orientadas a empresas, personas y a startups.