# Avangate

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

- Industry: Software
- Headquarters: Netherlands
- Website: www.avangate.com
- Total disclosed funding: $7.6M
- Latest round: Series A (Mar 9, 2011)
- Investors on record: 2

## About

Based in the Netherlands, Avangate specializes in providing software solutions that facilitate digital commerce and subscription billing for businesses across various industries.Avangate, founded in 1992 in the Netherlands, focuses on enabling companies to manage digital sales and subscriptions effectively. The company has successfully secured a total of EUR 4.000 mn over multiple funding rounds, with its latest funding being a Series A round in which 3TS Capital Partners participated. The company has completed four investment deals, highlighting its ongoing growth trajectory.Avangate offers a comprehensive suite of payment processing solutions, including the 2Sell platform for mobile and online payments, the 2Subscribe solution for managing subscriptions, and the 2Monetize platform for digital goods sales. These products are designed to help merchants across North America, Europe, and Asia-Pacific enhance their eCommerce operations and revenue generation efforts.For the fiscal year 2023, Avangate reported revenue of EUR 41,655,984. The company generates revenue primarily through transaction fees from its payment processing services, which adapt to the specific pricing needs of businesses, thus supporting their sales directly to consumers.Avangate plans to leverage its recent funding to enhance its product offerings by developing new tools aimed at optimizing digital commerce. Additionally, the company is targeting expansion into emerging markets in Asia and Latin America by the end of 2024. This growth strategy follows the recent exit of Francisco Partners from its stake in the company, paving the way for new operational directions.

## Funding rounds

- Series A, Mar 9, 2011, $5.6M — 3TS Capital Partners
- Seed, May 1, 2006, $2M — GECAD Ventures

## Investors

- GECAD Ventures (https://capitalatlas.ai/funds/gecad-ventures) — Seed
- 3TS Capital Partners (https://capitalatlas.ai/funds/3ts-capital-partners) — Series A