# Avrios International

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avrios-international

- Industry: Software
- Headquarters: Zurich, Switzerland
- Website: www.avrios.com
- Total disclosed funding: $24M
- Latest round: Series B (Sep 10, 2019)
- Investors on record: 4

## About

Based in Switzerland, Avrios International AG specializes in fleet management software that enhances operational efficiency for businesses managing vehicle fleets across various sectors.Founded in 2015 in Zurich, Switzerland, Avrios International AG focuses on streamlining fleet management through innovative software solutions. Co-founded by Andreas Brenner and Roger Jäggi, the company has successfully raised a total of CHF 65.00 mn over multiple funding rounds, including a Series B round of CHF 14.00 mn in January 2023, attracting investments from Edenred Capital Partners, Lakestar, Notion Capital, and Swisscom Ventures. The company has completed eight notable deals in its history, with its most recent deal occurring on January 12, 2023, involving a merger with Vimcar GmbH, another Battery Ventures portfolio company.Avrios specializes in fleet management software designed to streamline operations and enhance the efficiency of fleet managers. The platform offers a comprehensive suite of tools that digitize data management, optimize compliance, coordinate workflows, and provide insights through custom reporting. Key functionalities include automated compliance checks, maintenance reminders, damage reporting, and real-time dashboards that help users make informed decisions regarding their fleet. Avrios caters to businesses of various sizes across multiple sectors, including logistics, delivery, and facility services, with a significant presence in Spain and other European countries. Their clients include companies like Aquaservice, DBU Facility Services AG, and Ursapharm, demonstrating the platform's adaptability in addressing diverse fleet management needs.Avrios operates on a subscription-based revenue model, allowing clients to access its fleet management platform through various pricing tiers based on the number of vehicles and features required. This model enables B2B transactions, with clients paying a recurring fee aligned with their fleet size and the range of services utilized, such as damage management and compliance monitoring. The pricing plans reflect the software’s all-in-one capabilities, catering to fleets ranging from small businesses to large enterprises with thousands of vehicles. By leveraging its robust data management and analytics features, Avrios positions itself as a vital partner for companies seeking to optimize fleet operations and reduce costs.In January 2023, Avrios merged with Vimcar GmbH to create a comprehensive fleet management solution that aims to enhance service offerings significantly. The recent funding will support this initiative, focusing on developing new products designed to improve fleet management capabilities. The company plans to expand into new markets across Europe, targeting regions such as Spain and Germany by the end of 2024 to increase its customer base and service reach.

## Funding rounds

- Series B, Sep 10, 2019, $14M — Notion Capital, Lakestar, Swisscom Ventures, Edenred Capital Partners
- Series A, Jun 1, 2017, $10M — Notion Capital, Lakestar

## Investors

- Notion Capital (https://capitalatlas.ai/funds/notion-capital) — Series A, Series B
- Lakestar (https://capitalatlas.ai/funds/lakestar) — Series A, Series B
- Swisscom Ventures (https://capitalatlas.ai/funds/swisscom-ventures) — Series B
- Edenred Capital Partners (https://capitalatlas.ai/funds/edenred-capital-partners) — Series B