When was AVANA founded?

AVANA was founded in 2016 and raised its 1st funding round within a year of its incorporation.

Where is AVANA located?

AVANA is headquartered in Petaling Jaya, Malaysia. It is registered at B-3-3A Pacific Place, 4, Jalan PJU 1a/4, Ara Damansara, 47301 Petaling Jaya, Selangor, Malaysia.

Who is the current CEO of AVANA?

Yienyee Soh of AVANA. They have also founded 1 company.

Which legal entities is AVANA associated with?

AVANA is associated with THE FUTURE COMMERCE SDN BHD.

How many employees does AVANA have?

As of Sep 30, 2026, the latest employee count at AVANA is 87.

Is AVANA a funded company?

AVANA is a funded company, having raised a total of $3.59M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on May 2016.

How much is AVANA worth?

The last known valuation of AVANA was $***** as of Apr 29, 2021.

When was the latest funding round of AVANA?

AVANA's latest funding was a $***** Seed round on Apr 29, 2021, with participation from 1 investor.

What is the annual revenue of AVANA?

Annual revenue of AVANA is between $1M and $10M as on Dec 31, 2019

Where does AVANA rank among its competitors?

AVANA ranks 75th amongst 1278 active competitors, of which 134 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was Cart.com, which secured $180M in Mar, 2026.

Who are the top competitors of AVANA?

AVANA's top competitors include Shopify, Squarespace and aCommerce. Among them, Cart.com secured the most recent funding round in March, 2026.

AVANA - 2026 Company Profile, Team, Funding, Competitors & Financials

AVANA is a deadpooled company based in Petaling Jaya (Malaysia), founded in 2016 by Luqman Adris and Yienyee Soh. It operates as a Provider of social e-comemrce store platform for businesses. AVANA has raised $3.59M in funding from investors like Mavcap, CSV and Captii Ventures, with last known valuation of $*****. The company has 1278 active competitors, including 134 funded and 111 that have exited. Its top competitors include companies like Shopify, Squarespace and aCommerce.

Company Details

Provider of social e-comemrce store platform for businesses. It is a social commerce enabler that helps business owners sell through the web, Facebook, Instagram, WhatsApp, Messenger, and more. Its features include social platform integration, inventory management, mobile & tablet-based shopping platform creation, manage customers, orders, and process payment. It charges a monthly or yearly subscription fee for its services.

Website: avana.asia
Social
Registered Address: B-3-3A Pacific Place, 4, Jalan PJU 1a/4, Ara Damansara, 47301 Petaling Jaya, Selangor, Malaysia

Key Metrics

Founded Year

2016

Location

Petaling Jaya, Malaysia

Stage

Deadpooled

Total Funding

$3.59M in 5 rounds

Latest Funding Round

Seed, Apr 29, 2021, $*****

Last Known Valuation

$***** as on Apr 29, 2021

Investors

Mavcap & 12 more

Ranked

75^th among 1278 active competitors

Annual Revenue

$1M - $10M as on Dec 31, 2019

Employee Count

87 as on Sep 30, 2026

Similar Companies

YASO & 58 more

View AVANA's full profile

AVANA is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Reports
THE FUTURE COMMERCE SDN BHD CIN: 1182523-T , Malaysia, Active	Jan 10, 2016	$1M - $10M (As on Dec 31, 2019)	21 (As on Dec 31, 2019)	-

AVANA has raised a total funding of $3.59M over 5 rounds. Its first funding round was on May 2016. Its latest funding round was a Seed round on Apr 29, 2021 for $*****. 1 investor participated in its latest round. AVANA has 12 institutional investors and 1 angel investor.

Here is the list of recent funding rounds of AVANA:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 29, 2021	2953345	Seed	2530578	6129517	4502933	9116480
Oct 25, 2019	4327473	Seed	6959514	3170682	4486509	Mavcap
Feb 11, 2019	8222880	Seed	1532429	1076379	Mavcap	CSV & 1 more

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View details of AVANA's funding rounds and investors

The founders of AVANA are Luqman Adris and Yienyee Soh. Yienyee Soh is the CEO of AVANA.

Here are the details of AVANA's key team members:

Luqman Adris: Co-Founder of AVANA and founder of 3 other companies, Gaia Ventures, AVANA and Square.
Yienyee Soh: Co-Founder & CEO of AVANA and founder of 2 other companies, A Shopaholics Den and Square.
Contact Info: 1 email address

View details of AVANA's Founder profiles and Board Members

AVANA's employee count trend

AVANA has 87 employees as of Sep 26. Here is AVANA's employee count trend over the years:

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Top competitors of AVANA include Shopify, Squarespace and aCommerce. Here is the list of Top 10 competitors of AVANA, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Shopify 2006, Ottawa (Canada), Public	Provider of an all-in-one commerce platform for businesses of all sizes	$122M	Georgian, OMERS & 19 others	88/100
2nd	Squarespace 2003, United States, Acquired	Provider of tools for website creation, hosting, and online business	$591M	General Atlantic, T. Rowe Price & 20 others	81/100
3rd	aCommerce 2013, Bangkok (Thailand), Series C	Provider of end-to-end e-commerce solutions, encompassing management and business insights	$119M	Emerald Media, Sinar Mas & 17 others	73/100
4th	AnyMind Group 2016, Minato (Japan), Public	Provider of e-commerce, marketing, and manufacturing platforms	$91.7M	Nomura, JP Investment & 15 others	72/100
5th	CommerceIQ 2012, Mountain View (United States), Series D	Provider of unified AI platform for retail ecommerce sales and optimization	$196M	SoftBank Vision Fund, Shasta Ventures & 6 others	71/100
6th	WooCommerce 2008, Cape Town (South Africa), Acquired	Developer of an open-source platform for customizable ecommerce solutions	-	TeamX	69/100
7th	Cart.com 2020, Houston (United States), Series D	Provider of unified commerce and logistics solutions for business growth	$735M	Trinity Capital, B. Riley Financial & 49 others	69/100
8th	Bumpa 2020, Lekki (Nigeria), Seed	Provider of suite solution for businesses	$4.2M	Base10 Partners, Whogohost & 19 others	69/100
9th	etaily 2020, Metro Manila (Philippines), Series A	Provider of software suite solutions for e-commerce businesses	$24M	SKS Capital, Ayala & 17 others	69/100
10th	Jushuitan 2014, Hangzhou (China), Public	SaaS-based ERP solutions for e-commerce retailers	$225M	Sequoia Capital China, ZCG & 10 others	68/100
75th	AVANA 2016, Petaling Jaya (Malaysia), Deadpooled	Provider of social e-comemrce store platform for businesses	$3.59M	Captii Ventures, CSV & 11 others	45/100

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Founders own 43.38%, Funds (largest shareholder) own 45.72%, Angels own 0.09% and Other People own 2.29%. The net worth of AVANA's founders is INR 19.8M as of Apr 29, 2021.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	43.38%	19.8M	1849011	2676211	5738584	1224043
Luqman Adris	6127316	8248798	7226412	1753704	6772646	7202079
Yienyee Soh	7233	4015	3752	6172	3406	7332
Fund	45.72%	20.8M	5400159	7282156	6187110	3485045
CSV	7505626	6494420	8206366	6112121	2913569	7934410
Mavcap	2722950	4068002	3131317	5272662	2342646	9755824
Captii Ventures	530	268	270	303	332	495
Angel	0.09%	42.1K	0	0	0	0
Jean Georges Henri Michoud	0	0	0	0	0	0
Other People	2.29%	1.04M	78	66	78	81
Total	91.48%	4.17Cr	9514564	1158755	7734241	3528505