2024 Revenue
$10.7M(Est.)
Customers
5.4K
Funding
$8M
Avg ACV
$2K
Team
83
Founded
2019
Aavenir Revenue & Funding (2024)
Aavenir generated an estimated $10.7M in annual revenue in 2024. Source: GetLatka estimate
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 | Source |
|---|---|---|
| 2024 | Aavenir Hit $10.7m revenue in October 2024 | Estimated |
| 2023 | Aavenir Hit $6.9m revenue in November 2023 | Estimated |
| 2021 | Aavenir Hit $2.1m revenue in April 2021 | Not recorded |
| 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 | Source |
|---|---|---|---|---|---|
| 2022 | Series A | $6M | - | - | Not recorded |
| 2020 | Seed | $2M | - | - | Not recorded |
Founder / CEO
Jesal Mehta
Founder and CEO
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.
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 | Source |
|---|---|---|
| 2024 | Reached 83 employees (December 2024) | Not recorded |
| 2024 | Reached 84 employees (October 2024) | Not recorded |
| 2023 | Reached 76 employees (November 2023) | Not recorded |
| 2022 | Reached 50 employees (November 2022) | Not recorded |
| 2022 | Reached 50 employees (March 2022) | Not recorded |
| 2021 | Reached 25 employees (November 2021) | Not recorded |
| 2021 | Reached 25 employees (April 2021) | Not recorded |
Frequently Asked Questions about Aavenir
What is Aavenir's revenue?
As of 2024, Aavenir generated an estimated $10.7M in annual 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 across 2 rounds.
How many employees does Aavenir have?
As of 2024, Aavenir had 83 employees.
Where is Aavenir headquartered?
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.
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