Caldey Corporate Finance is delighted to announce the investment by Felicis Ventures (“Felicis”) in Avnio LTD.
The team at Caldey Corporate Finance led by Adrian Dray and Janine Vitali advised the Board and founder Tobias Dawes.
Avnio is a business-to-business (B2B) Software as a Service (SaaS) company that has created a suite of automated RFP and sales solutions that make tendering and selling easier, enabling clients to focus their efforts on the most appropriate opportunities, while winning those tenders more efficiently and quickly. Avnio works closely with Global Leader Salesforce, which provides the cloud platform that hosts Avnio’s technology. Having seen the power of the Avnio suite of solutions, Salesforce has a strategic initiative to roll out Avnio across their own global sales function as well as becoming a key channel partner, selling Avnio products as part of their own overall solutions offering.
Felicis is a US, West Coast headquartered, tech venture capital firm focussed on backing founders building iconic companies that transcend boundaries and disrupt the norm.
Tobias Dawes said “Adrian and Janine from Caldey were introduced to me over a year ago when we were engaged with other potential funding partners. From that initial support role, they have become truly trusted advisors; their dedication, commitment and professionalism to Avnio and me personally has been invaluable during this period in what is a challenging time in a two year old rapidly growing and evolving tech business. Their support has been constant, and they have been available evenings and weekends closing this key round of fund raising.”
Adrian Dray said “We met Tobias and were engaged in a clear assignment to support him closing a fund-raising round. As with many fast growing businesses, the role moved as fast as the business. We had to bring to bear all our experience of running as well as advising businesses to help and guide Tobias so that the great business that Tobias founded has the opportunity to maximise its potential and was ready to take on board Felicis’ investment, when they recently approached Avnio in December last year and we completed the fund raise in January.”
Felicis is a great partner for Avnio; they have a first class track record of supporting the business teams they invest in, bringing to bear their experience and significant networks to create great businesses and great results for them and their management teams.
Janine Vitali commented “It has been a pleasure to work with Tobias and his team over the last year in this early step in Avnio’s journey to value. We are looking forward to continuing to work with Avnio and Felicis as we support and develop the scale and scope of the business.”
Caldey Corporate Finance is an independent Advisor to entrepreneurs, owner managers and family owned businesses. Caldey supports its clients and their businesses on their journey to value through delivering strategic advice, fund raising and acquisition services as well as exit planning and execution.
Contact information:
Adrian Dray
tel. 07711 473 237
email: [email protected]
web: www.caldeycorporatefinance.co.uk