# Frevvo

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

- Industry: Internet
- Headquarters: Clearwater, US
- Website: www.frevvo.com
- Total disclosed funding: $0.5M
- Latest round: Series A (Dec 17, 2007)
- Investors on record: 1

## About

Frevvo Inc. specializes in workflow automation solutions, enabling users to create and manage dynamic forms and approval workflows with ease, enhancing operational efficiency across various sectors.Founded in 2008 in Clearwater, US, Frevvo Inc. provides workflow automation software that enhances business processes. The company has undergone significant changes, including being acquired by DocuPhase in August 2022. Its founders include Ashish Deshpande, who also serves as the CEO. Frevvo has raised a total of USD 0.50 mn, with its latest funding round being Series A led by Connecticut Innovations. The company's current valuation stands at USD 1.717 mn.Frevvo specializes in workflow automation software designed to facilitate the creation and management of dynamic forms and approval workflows. Its intuitive drag-and-drop interface allows users to automate business processes without coding or extensive IT involvement. The software addresses various use cases such as streamlining approval processes, automating data collection, and minimizing paperwork delays. Frevvo's client base includes educational institutions like Northwestern University and organizations such as Cricket Australia, serving businesses across North America, Europe, and Australia to enhance operational productivity and reduce administrative burdens.Frevvo generates revenue primarily through subscription-based pricing models for its cloud and on-premise software solutions. Companies and educational institutions subscribe to access its suite of workflow automation tools, which include features like automatic reminders and integration capabilities with SQL databases and Google Drive. Clients typically engage in annual or multi-year contracts, contributing to the company's revenue structure through scalable usage based on the number of users and workflow complexity.Following its acquisition by DocuPhase in August 2022, Frevvo plans to utilize the funding for significant enhancements to its software, aimed at further automating business operations and improving efficiency. The company is focusing on expanding its market presence by targeting educational institutions and mid-sized businesses in North America and Europe by 2024. These strategic initiatives are designed to leverage the recent funding to deepen product capabilities and broaden the client base.

## Funding rounds

- Series A, Dec 17, 2007, $0.5M — Connecticut Innovations

## Investors

- Connecticut Innovations (https://capitalatlas.ai/funds/connecticut-innovations) — Series A