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Avenir Growth Capital

Founders Andrew Sugrue Jamie Reynolds

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Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 38
Average round size
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The average size of a deal this fund participated in
$93M
Portfolio companies 27
Rounds per year 6.33
Lead investments 7
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.29
Exits 2
Key employees 2
Stages of investment
Private Equity

Areas of investment

  • FinTech
  • Financial Services
  • E-Commerce
  • Software
  • Food and Beverage
Summary

Avenir Growth Capital appeared to be the VC, which was created in 2017. The main department of described VC is located in the New York. The company was established in North America in United States.

The usual cause for the fund is to invest in rounds with 6-7 partakers. Despite the Avenir Growth Capital, startups are often financed by Global Founders Capital, Aglau00e9 Ventures, White Star Capital. The meaningful sponsors for the fund in investment in the same round are Shumway Capital, Willett Advisors LLC, Morgan Noble. In the next rounds fund is usually obtained by Willett Advisors LLC, Trans-Pacific Technology Fund (TPTF), Symbiosis.

This organization was formed by Andrew Sugrue, Jamie Reynolds. The overall number of key employees were 2.

Among the most popular fund investment industries, there are Computer Vision, Clinical Trials. Moreover, a startup needs to be at the age of 6-10 years to get the investment from the fund. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 2 or 4 of the founder, the chance for it to get the investment is meager. Among the various public portfolio startups of the fund, we may underline Meero, Savage X Fenty, Finch Therapeutics Group For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States.

Deals in the range of 50 - 100 millions dollars are the general things for fund. The real fund results show that this VC is 47 percentage points more often commits exit comparing to other companies. The fund is constantly included in 2-6 deals per year. When the investment is from Avenir Growth Capital the average startup value is 100-500 millions dollars. The top activity for fund was in 2019.

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Typical Co-investors
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These funds have a tendency to invest in the following rounds after Avenir Growth Capital:
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Funds with similar focus located in United States:
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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Necto

Financial Services
Software
$8M04 Dec 2023 New York, New York, United States

Episode Six

Banking
E-Commerce
Enterprise Software
FinTech
Information Technology
InsurTech
PaaS
Payments
$48M23 May 2023 Austin, Texas, United States

Alloy

Financial Services
FinTech
Fraud Detection
Identity Management
SaaS
$52M01 Sep 2022 New York, New York, United States

BVNK

B2B
Banking
Enterprise Software
Financial Services
FinTech
IT Infrastructure
$44M12 May 2022 London, England, United Kingdom

Carma

Automotive
E-Commerce
Finance
$54M11 May 2022 Sydney, New South Wales, Australia

Wasoko

Consumer Goods
Emerging Markets
Logistics
Sales
Supply Chain Management
$125M16 Mar 2022 Nairobi, Nairobi Area, Kenya

Karbon Card

Financial Services
FinTech
$15M09 Feb 2022 Bengaluru, Karnataka, India

Savage X Fenty

E-Commerce
Fashion
Lingerie
Retail
Women's
$125M26 Jan 2022 California, United States

Tul

Building Material
Construction
E-Commerce
Hardware
Mobile Apps
$181M11 Jan 2022 Buenaventura, Valle del Cauca, Colombia
News
Current Raises $220M in Series D; Valued at $2.2 Billion

– Current, a NYC-based U.S. mobile banking company, raised $220m in Series D funding in a round valuing it to $2.2b.
– New investor Andreessen Horowitz led the round bringing total funding raised to date to over $400m, with participation from returning investors Tiger Global Management, TQ Ventures, Avenir, Sapphire Ventures, Foundation Capital, Wellington Management and EXPA.
– The company intends to use the funds to expand its business reach and development efforts.

African payments company Flutterwave raises $170M, now valued at over $1B

– African payments company Flutterwave raised $170m in Series C funding.
– The round was led by Avenir Growth Capital and joined by U.S. hedge fund and investment firm Tiger Global, and new investors DST Global, Early Capital Berrywood, Green Visor Capital, Greycroft Capital, Insight Partners, Salesforce Ventures, Tiger Management, Worldpay FIS and 9yards Capital.
– The company has raised $225m in total.
– Flutterwave helps businesses build customizable payments applications through its APIs.

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Total investments 38
Average round size 93M
Rounds per year 6.33
Peak activity year 2021
Lead investments 7
Follow on index 0.29
Exits 2
Group Appearance index 1.00

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Necto

Financial Services
Software
$8M04 Dec 2023 New York, New York, United States

Episode Six

Banking
E-Commerce
Enterprise Software
FinTech
Information Technology
InsurTech
PaaS
Payments
$48M23 May 2023 Austin, Texas, United States

Alloy

Financial Services
FinTech
Fraud Detection
Identity Management
SaaS
$52M01 Sep 2022 New York, New York, United States

BVNK

B2B
Banking
Enterprise Software
Financial Services
FinTech
IT Infrastructure
$44M12 May 2022 London, England, United Kingdom

Carma

Automotive
E-Commerce
Finance
$54M11 May 2022 Sydney, New South Wales, Australia

Wasoko

Consumer Goods
Emerging Markets
Logistics
Sales
Supply Chain Management
$125M16 Mar 2022 Nairobi, Nairobi Area, Kenya

Karbon Card

Financial Services
FinTech
$15M09 Feb 2022 Bengaluru, Karnataka, India

Savage X Fenty

E-Commerce
Fashion
Lingerie
Retail
Women's
$125M26 Jan 2022 California, United States

Tul

Building Material
Construction
E-Commerce
Hardware
Mobile Apps
$181M11 Jan 2022 Buenaventura, Valle del Cauca, Colombia
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