# Aavenir

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/aavenir

- Industry: Software
- Headquarters: McKinney, US
- Website: www.aavenir.com
- Total disclosed funding: $8M
- Latest round: Series A (Mar 22, 2022)
- Investors on record: 2

## About

Founded in 2019 and based in Texas, US, Aavenir Inc. provides a digital solution for connected Sourcing, Contract Management, and AP Automation. As of 2024, the company is headed by its CEO Jesal Mehta, who founded the firm. In November 2022, CD Digital Assets, S.L., a portfolio company of Aavenir, Base Capital, Concentric, Kingsway Capital, Nordstar, Raba Capital, and Tiger Global Management, acquired System Pay Services.

The company offers artificial intelligence solutions source-to-pay that help in solving Source-to-Contract and Procure-to-Pay issues. The firm solution range includes onboarding workflow management, contract lifecycle management, contract compliance management, account payable automation, and request for proposal management.

## Funding rounds

- Series A, Mar 22, 2022, $6M — Accel, ScOp Venture Capital
- Seed, Apr 14, 2020, $2M — Accel

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Seed, Series A
- ScOp Venture Capital (https://capitalatlas.ai/funds/scop-venture-capital) — Series A