# Avra

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

- Industry: Financial Services
- Headquarters: Curitiba, Brazil
- Website: www.avra.com.br/
- Total disclosed funding: $2M
- Latest round: Seed (Jul 10, 2024)
- Investors on record: 3

## About

Based in Brazil, and founded in 2024, Bloom Technology Ltd., trading under the name Avra, operates as a financial technology company that offers an artificial intelligence-based software-as-a-service for small businesses to access financial products and other related transactions. In July 2024, Avra raised USD 2 million in seed funding led by Maya Capital, with participation from Norte Ventures and Sequoia Capital Global Equities.

Avra offers AI-powered solutions for B2B companies to turn the data into useful insights, helping them increase sales and lower risks. The firm's AI model helps businesses understand customer behavior, assess credit risks with real-time scores, and target the right audiences. Avra also improves predictions and forecasts Customer Lifetime Value (LTV), helping companies focus on the most valuable customers. The company's solutions grow with the business and ensure secure data management with encryption. Avra’s goal is to make credit more accessible, reduce risks, and boost profits for businesses.

The company plans to use the July 2024 funding to expand its AI product offerings to help SMEs increase sales and improve the credit risk analysis.

## Funding rounds

- Seed, Jul 10, 2024, $2M — Hong Shan, Maya Capital, Norte Ventures

## Investors

- Hong Shan — Seed
- Maya Capital — Seed
- Norte Ventures (https://capitalatlas.ai/funds/norte-ventures) — Seed