Avataar Venture Partners Raises $100 Million as Add-On Capital and Announces Three New Investments

Feb 23, 2021•almost 5 years ago

Amount Raised

$100 Million

New YorkInformation TechnologyConsulting

Description

Avataar Venture Partners (AVP) is pleased to formally announce a top-up fund of $100 million, in addition to the initial bigger funding round it had raised in 2019 to invest in business-to-business (B2B) and software-as-a-service (SaaS) companies. This new opportunities fund will be used for strategic top-up opportunities in star portfolio companies as well as to make exciting new investments. With this raise, Avataar Venture Partners also welcomes a few large institutional funds – limited partnerships (LPs) across Europe and the USA – to its portfolio.

Company Information

Company

Phone.com

Location

New York, New York, United States

About

Phone.com is a cloud communications and UCaaS provider that specializes in serving small and medium-sized businesses. Established in 2006, the company offers a range of flexible and reliable communication solutions, including voice, video, and text services. With a focus on e-commerce and direct sales, Phone.com serves approximately 36,000 customers across North America. The company is recognized for its strong online presence and innovative offerings.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech