# Avinew

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

- Industry: Insurance
- Headquarters: Westlake Village, US
- Website: www.avinew.com
- Total disclosed funding: $5M
- Latest round: Seed (Jan 30, 2019)
- Investors on record: 4

## About

Avinew specializes in providing a range of innovative technology solutions aimed at enhancing online presence and streamlining business operations for small and medium-sized enterprises (SMEs).Founded in 2016 and headquartered in Westlake Village, US, Avinew offers technology-driven solutions to improve business operations. The company secured USD 5.00 mn in Seed funding on January 30, 2019, led by Crosscut Ventures Management, with additional investment from American Family Ventures, Frontier Venture Capital, and RPM Ventures. Dan Peate serves as both the founder and CEO.Avinew's primary offerings include a suite of technology solutions designed to enhance online presence for clients. This includes website building tools, domain registration services, and e-commerce platforms, catering primarily to SMEs across North America, Europe, and parts of Asia. These products aim to simplify the establishment of a digital footprint for businesses, ranging from local startups to established enterprises.Avinew generates revenue through subscription-based models and direct-to-consumer sales. Clients engage via annual or monthly subscriptions for website hosting and domain services, while e-commerce solutions typically involve a one-time setup fee along with a percentage of processed sales. The company's flagship products, such as the website builder and e-commerce platform, are central to its revenue model, with pricing plans tailored to various customer needs.Avinew plans to utilize its recent USD 5.00 mn funding from the 2019 Seed round to enhance product development and expand its market reach. The company is focused on launching new products aimed at improving user engagement and operational efficiency, with specific plans to enter additional markets in Asia and Europe by the end of 2023. These initiatives will be supported by the funding received to advance technology and infrastructure.

## Funding rounds

- Seed, Jan 30, 2019, $5M — Frontier Venture Capital, Crosscut Ventures Management, RPM Ventures, American Family Ventures

## Investors

- Frontier Venture Capital (https://capitalatlas.ai/funds/frontier-venture-capital) — Seed
- Crosscut Ventures Management (https://capitalatlas.ai/funds/crosscut-ventures-management) — Seed
- RPM Ventures (https://capitalatlas.ai/funds/rpm-ventures) — Seed
- American Family Ventures (https://capitalatlas.ai/funds/american-family-ventures) — Seed