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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

San Francisco

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

San Francisco, California, 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.

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Funding Insights

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83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech