# Avegant

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

- Industry: Consumer Products
- Headquarters: San Mateo, US
- Website: www.avegant.com
- Total disclosed funding: $60M
- Latest round: Series A (Apr 18, 2018)
- Investors on record: 10

## About

Avegant Corp. develops innovative light engine technology for lightweight augmented reality (AR) glasses, enhancing user experiences in various domains such as entertainment, learning, and social interactions.Avegant Corp. was founded in 2012 and is headquartered in San Mateo, US. The company focuses on augmented reality and has secured funding through 9 deals, with the most recent being in August 2018 when it raised USD 12 mn from Walden Catalyst and Walden Venture Capital. Edward Tang serves as the Founder and CEO, bringing a vision to the company based on his previous entrepreneurial experience.Avegant specializes in advanced light engine technology that powers its lightweight AR glasses, particularly the AG-30L2. This product is designed for everyday use, providing high-performance visuals with precision clarity and vibrant colors. Avegant's technology enhances user experiences across various sectors, catering to technology enthusiasts, consumers in the AR sector, and enterprises. Their offerings are primarily marketed in North America, Europe, and parts of Asia, targeting regions with a growing demand for AR applications.Avegant generates revenue through direct sales to consumers and B2B transactions, partnering with retailers and enterprises to distribute its AR solutions. The company's revenue streams include sales of the AG-30L2 glasses and potential subscription-based services that enhance user experiences, contributing to consistent revenue as the AR market expands.In August 2018, Avegant Corp. raised USD 12 mn in venture funding, which will be utilized to support the development of upcoming products and explore expansion into new markets. The company aims to introduce new AR devices and enhance its existing product line while targeting further penetration into international markets across North America, Europe, and Asia by 2020.

## Funding rounds

- Series A, Apr 18, 2018, $7.4M — Walden Catalyst
- Series A, Mar 2, 2018, $4.5M — Walden Catalyst
- Series B, Mar 1, 2017, $14M — Intel Capital, Hangzhou Liaosike Network Technology Co., Ltd
- Series B, Aug 4, 2015, $24M — Intel Capital, NHN Investment, Hangzhou Liaosike Network Technology Co., Ltd
- Series A, Nov 14, 2014, $4.4M — Intel Capital, DN Capital, 500 Global, Tuesday Capital, Kaiwu Capital, NHN Investment, Capital Community Angel Investors
- Series A, Mar 5, 2014, $4.1M — Intel Capital, DN Capital, 500 Global, Tuesday Capital, Kaiwu Capital, Michigan Angel Fund, NHN Investment
- Seed, Oct 25, 2013, $1.9M — Michigan Angel Fund

## Investors

- Michigan Angel Fund (https://capitalatlas.ai/funds/michigan-angel-fund) — Seed, Series A
- Intel Capital (https://capitalatlas.ai/funds/intel-capital) — Series A, Series B
- DN Capital (https://capitalatlas.ai/funds/dn-capital) — Series A
- 500 Global (https://capitalatlas.ai/funds/500-global) — Series A
- Tuesday Capital (https://capitalatlas.ai/funds/tuesday-capital) — Series A
- Kaiwu Capital (https://capitalatlas.ai/funds/kaiwu-capital) — Series A
- NHN Investment (https://capitalatlas.ai/funds/nhn-investment) — Series A, Series B
- Capital Community Angel Investors (https://capitalatlas.ai/funds/capital-community-angel-investors) — Series A
- Hangzhou Liaosike Network Technology Co., Ltd — Series B
- Walden Catalyst (https://capitalatlas.ai/funds/walden-catalyst) — Series A