# Avo Software

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avo-software

- Industry: Software
- Headquarters: Walnut Creek, US
- Website: www.avo.app
- Total disclosed funding: $4.5M
- Latest round: Seed (Sep 2, 2020)
- Investors on record: 5

## About

Avo Software Inc. provides advanced tools for enhancing data quality and managing schema changes within organizations, enabling effective collaboration among teams for accurate data tracking implementations.Founded in 2018 in Walnut Creek, US, Avo Software Inc. specializes in data management solutions. The company was established by Solvi Logason and Stefania Olafsdottir. Avo raised USD 3.000 mn in Seed funding on September 2, 2020, led by Jiyuan Capital, with participation from Heavybit and Y Combinator. Avo has completed a total of 4 deals to date.Avo offers a comprehensive suite of tools designed to enhance event data quality and streamline schema change management for organizations. Their core product enables teams to collaborate effectively on data design, facilitating alignment from data specifications to development specifications to ensure accurate tracking implementation from the outset. Avo's platform includes features such as real-time feedback, assigned reviews, and automated audits, catering to data engineering teams and governance managers in enterprises that require robust data solutions to improve decision-making speed and accuracy. The company's offerings are primarily marketed in North America and Europe, where demand for effective data management tools is increasing.Avo's revenue model is based on subscription services for its schema management and data observability tools. Clients engage in B2B transactions to access features like the Avo Tracking Plan and Avo Inspector, ensuring data quality and facilitating analytics implementation. Specific pricing details are proprietary, though the structure likely includes tiered subscription plans based on usage scale or number of users, along with potential add-on services for enhanced features, allowing organizations to customize their engagement with Avo’s offerings to meet specific data governance needs.Avo Software Inc. plans to utilize the USD 3.000 mn raised in its most recent funding round to develop new products aimed at improving data management and expand into additional markets. The company is targeting geographic regions in Europe and Asia for expansion, with plans to establish a presence by the end of 2022. This strategic initiative aims to tap into the growing global demand for data management solutions.

## Funding rounds

- Seed, Sep 2, 2020, $3M — Y Combinator, Heavybit, Jiyuan Capital
- Seed, Mar 12, 2019, $0.1M — Y Combinator, Heavybit
- Seed, Aug 17, 2017, $1.3M — Brunnur Ventures, Investa

## Investors

- Brunnur Ventures (https://capitalatlas.ai/funds/brunnur-ventures) — Seed
- Investa — Seed
- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Heavybit (https://capitalatlas.ai/funds/heavybit) — Seed
- Jiyuan Capital (https://capitalatlas.ai/funds/jiyuan-capital) — Seed