# Avochato

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.avochato.com
- Total disclosed funding: $5.8M
- Latest round: Series A (Oct 29, 2018)
- Investors on record: 2

## About

Avochato Inc. is a business text messaging platform that facilitates communication across sales, marketing, and support teams, improving customer engagement through SMS messaging and integrations with popular tools.Founded in 2016 by Alex De Simone and Christopher Neale, Avochato Inc. is based in San Francisco, US. The company focuses on enhancing business communication through its SMS platform. Avochato has completed two funding rounds, with its most recent being a Series A round in October 2018, raising USD 4.93 mn led by Amity Ventures. The company has achieved a current valuation of USD 15.716 mn.Avochato provides a comprehensive business text messaging platform that enhances communication for sales, marketing, support, and operations teams. The core service revolves around SMS messaging, enabling businesses to send bulk messages, automate replies, and engage in real-time conversations with customers and site visitors. The platform integrates with tools like Salesforce, Slack, and Microsoft Teams, facilitating seamless internal communication. Avochato serves various industries, including professional services, hospitality, and sales organizations, aiming to improve lead conversion rates and customer satisfaction across North America, Europe, and parts of Asia. The offering includes automated and personalized communication tools, ensuring efficient customer interaction while adhering to compliance and security standards.Avochato's revenue model is based on subscription services, with tiered pricing plans tailored to different organizational needs. Clients pay for access to messaging capabilities, including automated responses and bulk messaging. This model typically involves a monthly or annual payment schedule, allowing clients to scale usage based on communication requirements. Revenue is generated through direct subscriptions and integrations, with flagship services including SMS messaging and Avo AI, designed to streamline communication processes and enhance user engagement.Following the Series A funding round in December 2018, which raised USD 4.93 mn, Avochato plans to expand its product offerings and enter new markets. The company aims to launch enhanced features designed to improve user engagement and operational efficiency. Additionally, Avochato is targeting growth in North America, Europe, and parts of Asia, leveraging recent funding to support these initiatives and further develop its platform.

## Funding rounds

- Series A, Oct 29, 2018, $4.9M — X/Seed, Amity Ventures
- Seed, Jun 22, 2016, $0.9M — X/Seed

## Investors

- X/Seed (https://capitalatlas.ai/funds/x-seed) — Seed, Series A
- Amity Ventures (https://capitalatlas.ai/funds/amity-ventures) — Series A