# Averon US

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/averon-us

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.averon.com
- Total disclosed funding: $11M
- Latest round: Series A (Jan 4, 2018)
- Investors on record: 3

## About

Averon US, Inc. specializes in digital identity verification solutions tailored for mobile users, enhancing authentication processes and improving customer interactions in various digital transactions across different industries.Founded in 2015 in San Francisco, US, Averon US, Inc. provides advanced identity verification services leveraging mobile network signaling. The company has raised a total of USD 2.28 mn in Series A funding on January 4, 2018, led by Avalon Ventures. CEO Wendell Brown has a notable history in technology and entrepreneurship, contributing to the company’s innovative approach.Averon offers a digital identity verification solution that enhances user authentication for mobile customers. By eliminating traditional verification methods like SMS passcodes, the platform utilizes mobile network signaling to provide secure authentication without requiring user intervention. This technology serves a variety of clients, including retailers, financial institutions, and service providers, primarily in the US and selected international markets.Averon generates revenue through partnerships and a subscription model for its products like Magic Login, Magic Fill, and Seamless MFA. These offerings deliver comprehensive identity verification solutions for both B2B and B2C markets, with clients benefiting from a transparent pricing structure based on their operational scale and usage, typically through monthly or annual subscriptions.Averon aims to enhance its product lineup and expand its market reach in the upcoming years. The company is actively working on new product launches designed to further simplify identity verification processes. The recent Series A funding of USD 2.28 mn will support these initiatives, including market expansion efforts into additional international regions, which are expected to commence following the successful implementation of the upcoming products.

## Funding rounds

- Series A, Jan 4, 2018, $2.3M — Avalon Ventures
- Series A, Oct 23, 2017, $8.4M — Avalon Ventures
- Seed, Mar 1, 2017 — Digital Currency Group, Darling Ventures

## Investors

- Digital Currency Group (https://capitalatlas.ai/funds/digital-currency-group) — Seed
- Darling Ventures (https://capitalatlas.ai/funds/darling-ventures) — Seed
- Avalon Ventures (https://capitalatlas.ai/funds/avalon-ventures) — Series A