Aavenir revenue is $2.1 million
Aavenir team size is 50 employees
Aavenir
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How Aavenir hit $2.1M Revenue with 5K customers in 2022.
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 th
2019
Founded
$2.1M
2022 Revenue
YOY
$8M
Funding
Aavenir Revenue
In 2022, Aavenir revenue run rate hit $2.1M in revenue.
2021
Aavenir hit $2.1M in revenue in 2021
2019
Aavenir launched in 2019 with $0 revenue
Aavenir Funding History
Why are so many SaaS founders taking money from Founderpath.com instead of VC`s?
2022 Series A
Aavenir raised a Series A of $6M
2020 Seed Round
Aavenir raised a Seed Round of $2M
| FUNDING DATE | ROUND | AMOUNT | VALUATION |
|---|---|---|---|
| 03/22/2022 | Series A | $6M | |
| 04/15/2020 | Seed Round | $2M |
Team
Aavenir has 50 total employees and 6 sales reps that carry a quota. They have 5400 customers an engineering team of 17 and a marketing team of 5
| DISTRIBUTION | QTY |
|---|---|
| Total team size | 50 |
| Engineer | 17(34%) |
| Sales | 6(12%) |
| Marketing | 5(10%) |
CEO/Founder
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
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Customers
Aavenir has 5K customers.
Lifetime Months
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Monthly ARPU
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Lifetime Dollar
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Acquisition Cost
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Average Annual Price
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Churn
Aavenir has an annual churn rate of 0.00%.
Gross Annual Dollar Churn
-0.00%
Annual Dollar Expansion
0.00%
Net Revenue Retention
0.00%
About Aavenir
Monthly Revenue
$175K
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Total Expenses
$0.0
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Net Income
$0.0
EBIDTA Margin
0.0%
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YOY Growth
0.0%
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Rule of 40
0
Aavenir Board of Directors
| Name | Position |
|---|
Aavenir Executives
| Name | Position |
|---|---|
| Jesal Mehta | CEO |
Aavenir Employees
| Name | Position |
|---|---|
| Jesal Mehta | CEO |
Frequently Asked Questions about Aavenir
When was Aavenir founded?
Aavenir was founded in 2019.
How much revenue does Aavenir generate?
Aavenir generates $2.1M in revenue.
Who is the CEO of Aavenir?
The CEO of Aavenir is Jesal Mehta.
How much funding does Aavenir have?
Aavenir was raised $8M.
How many employees does Aavenir have?
Aavenir has raised 50 employees.
Where is Aavenir headquarters?
Aavenir headquater is at United States