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Avanti Raises $25 Million In Funding To Support Its Next Phase Of Growth

PRIVATEFeb 24, 2022•over 4 years ago

Amount Raised

$25 Million

Calgary

Description

Avanti Software, one of Canada’s largest independent Payroll and Human Resources (HR) software companies, today announced that it has raised $25 million in equity and debt financing. The funding round, which represents the company’s first-ever venture financing, was led by Round13 Capital with participation from Scotiabank Technology & Innovation Banking and existing investors.

Company Information

Company

Avanti Software

Location

Calgary, Alberta, Canada

About

Headquartered in Calgary, Avanti Software has been developing Payroll and HR technology for over 40 years. Avanti’s powerful, cloud-based HCM solution helps mid-sized Canadian companies, no matter how complex, to streamline their processes and engage their people. Featuring a robust, configurable range of tools, Avanti’s in-house software specializes in Payroll & Benefits, People Management, Workforce Management, and Talent Acquisition. In 2021, Avanti was named among the top 10 places to work in Canada by Great Place to Work. For more information, please visit avanti.ca.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.

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