2024 Revenue
$10.7M
Customers
5.4K
Funding
$8M
YOY
56.1%
Avg ACV
$2K
Team
83
Founded
2019
How Aavenir CEO Jesal Mehta grew to $10.7M revenue and 5.4K customers in 2024.
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
Last updated
Aavenir Revenue
In 2024, Aavenir's revenue reached $10.7M. The company previously reported $6.9M in 2023. Since its launch in 2019, Aavenir has shown consistent revenue growth.
| Year | Milestone | Quote |
|---|---|---|
| 2024 | Aavenir Hit $10.7m revenue in October 2024 | |
| 2023 | Aavenir Hit $6.9m revenue in November 2023 | |
| 2021 | Aavenir Hit $2.1m revenue in April 2021 | |
| 2019 | Launched with $0 revenue |
Aavenir Valuation, Funding Rounds
Aavenir has not publicly disclosed its valuation. The company has raised $8M in total funding to date.
Aavenir has raised $8M in total funding across 2 rounds, most recently a $6M Series A round in 2022.
| Year | Round | Amount | Valuation | % Sold | Quote |
|---|---|---|---|---|---|
| 2022 | Series A | $6M | - | - | |
| 2020 | Seed Round | $2M | - | - |
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
| Question | Answer |
|---|---|
| What's your age? | - |
| Favorite online tool? | - |
| Favorite book? | - |
| Favorite CEO? | - |
| Advice for 20 year old self | - |
Customers
Aavenir serves 5.4K customers.
Aavenir Employees & Team Size
Aavenir employs approximately 83 people as of 2026, up from 76 in 2023, including 6 sales reps that carry a quota. It serves 5.4K customers that rely on its solutions.
| Year | Milestone |
|---|---|
| 2024 | Reached 83 employees (December 2024) |
| 2024 | Reached 84 employees (October 2024) |
| 2023 | Reached 76 employees (November 2023) |
| 2022 | Reached 50 employees (November 2022) |
| 2022 | Reached 50 employees (March 2022) |
| 2021 | Reached 25 employees (November 2021) |
| 2021 | Reached 25 employees (April 2021) |
Frequently Asked Questions about Aavenir
What is Aavenir's revenue?
Aavenir generates $10.7M in revenue.
Who founded Aavenir?
Aavenir was founded by Jesal Mehta.
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 83 employees.
Where is Aavenir headquarters?
Aavenir is headquartered in United States.
Compare Aavenir to the industry
Aavenir operates across multiple industries. Browse revenue, funding, and growth data for Aavenir in each sector below.
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
Claim this profilePeople Also Viewed
Korro AI
We are introducing a new strategy for children’s healthcare. Our mission is to offer comprehensive health, behavioral care, and well-being services easily accessible to every child. We leverage AI and computer vision technology to provide in-depth analysis and to support integrated and personalized therapy...
Happydemics
Happydemics empowers ad players around the world to precisely assess and optimize the ROI of their media strategies. With a proven methodology backed by a robust benchmark, Happydemics simplifies measurement across all media. As the trusted partner for media players and advertisers worldwide, we provide actionable ad analytics in a privacy-first era, setting a new standard in advertising effectiveness.
Mind IT System
Mind IT Systems – Your Trusted Partner in Digital Innovation 10+ years of expertise | India-based CMMI Level 3 Certified | Serving 10+ countries | 4.9★ Referral Rating by Clients on Clutch Delivering cutting-edge technology solutions that drive business success. Recognized globally for our innovation, excellence, and reliability. Recognitions & Awards: • Clutch 1000 List for 2024 (Top 500 Global B2B Service Providers out of 350,000) • Clutch Global Fall 2024 • Clutch Top Software Developers For Enterprise Software, Financial Sector, Healthcare • Clutch Top Staff Augmentation Company India 2025 • Clutch Top .NET Developers India 2025 Our Services: Custom Software Development Mobile & Web Development AI Development & Business Intelligence IT Staff Augmentation & Dedicated Teams Strategic IT Consulting & Digital Transformation Enterprise IT Solutions & Cloud Consulting UI/UX Design & Prototyping Who We Empower: Startups Enterprises Agencies Mind IT Systems is not just a service provider; we are a growth enabler for businesses navigating the evolving digital land Mind IT is a leading global organization focusing on providing solutions via Custom Application Development, Product Engineering, Enterprise Solutions, Business Intelligence and Analytics along with Quality and Testing Services. Our focus is on developing intellectual property for our clients. We specialize in providing a quick turnaround in quality development and building scalable and robust solutions for our global clients. Depending on your needs, Mind IT provides flexible working models of Onsite, Offsite, Full time, Timeshare and Dedicated Offshore Delivery Centre. Let’s build the future together! Connect with us today. Website: www.minditsystems.com Industry: Software Development
Pulse Labs AI
Pulse FlightRecorder delivers rich, contextual replay videos captured, submitted and annotated by your own app users. Used by Product and UX teams to gain customer intimacy and launch with confidence.
Realtime.
We're hiring! Realtime is an independent, digital ads performance agency built on a passion for data and measurement. From investing in top-tier analytics software to developing our own data tools, we arm brands with the people and products they need to utilize the entire spectrum of their campaign data, take calculated risks, and ultimately run their most efficient digital campaigns across the full marketing funnel.
Rio SEO
Rio SEO is the leader in local marketing for enterprise brands, powering the Local Experience (LX) Platform – a comprehensive, seamlessly integrated suite of turnkey local marketing and customer experience (CX) solutions that deliver impactful hyperlocal experiences at scale, across the entire brand presence. The world’s leading multi-location brands – retailers, restaurants, hospitality, financial services, healthcare, and more – rely on Rio SEO’s proven technology and local marketing expertise to drive visibility and motivated, measurable traffic online and to physical locations. Rio SEO is a PG Forsta company.
