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Veteran Investor From General Catalyst & General Atlantic Launches Avid Ventures with $68M Debut Venture Capital Fund

Feb 19, 2021•over 4 years ago

Amount Raised

$68 Million

New York

Description

Avid Ventures today announced the launch of its $68 million debut venture capital fund. Avid backs exceptional founders at the Series A and B stages who are building transformative technology companies. Pursuing a highly collaborative investment strategy, Avid partners with top-tier lead investors and takes a hands-on approach to helping founders evolve their early-stage startups into proven growth businesses. Avid was founded by Managing Partner Addie Lerner, decade-long investor at General Catalyst, General Atlantic, and Goldman Sachs, and has already made six investments in companies accelerating the credit, identity, co-working, healthcare, mortgage, and alternative payments industries.

Company Information

Company

Avid Ventures

Location

New York, New York, United States

About

Avid Ventures invests in transformative early-stage fintech, consumer internet, and software companies in its hometown of New York City and across North America, Europe, and Israel. Avid pursues a collaborative approach to investing, working closely with lead firms and co-investors to build an ideal syndicate for a founder’s fundraise. Avid believes in developing long-term, authentic, and non-transactional relationships well ahead of investing, enabling Avid to run a nimble investment process. The Avid team’s hands-on approach with their founders earns them a trusted, assured seat at the table as they advise on optimizing growth strategies and help build top performing companies across categories.

Funding Insights

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