Aavenir
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 Aavenir 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 | - | - |
Aavenir Employees & Team Size
Aavenir employs approximately 83 people as of 2026, up from 76 in 2023.
Aavenir has 83 total employees in different roles and functions and 6 sales reps that carry a quota. They have 5.4K customers that rely on the company's 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) |
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
See how Aavenir acquires and retains customers with data on acquisition costs and revenue performance. Log in to access the complete customer economics dashboard.
LockedFrequently 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.
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Source Attribution
Source: all data was collected from GetLatka company research and founder interviews. Revenue, funding, team, and customer figures are presented as company-reported or GetLatka-estimated metrics where the profile data identifies them that way.
Company data last updated .
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