Avance Technologies - About the company
Avance Technologies is a seed company, founded in 2021 by Malte Susen. It operates as a Provider of IT cloud, data center, and BPO services. Avance Technologies has raised $390K in funding. The company has 135047 active competitors, including 977 funded and 7677 that have exited. Its top competitors include companies like IBM, Mindtree and UST.
Company Details
Provider of IT cloud, data center, and BPO services. It is a web3 fixed-income investment platform specialising in automating the management of recurring revenue contracts. It is backed by prominent investors and sponsors, including tech firms and leading fund managers.
Key Metrics
Founded Year
2021
Stage
Seed
Total Funding
$390K in 3 rounds
Latest Funding Round
Investors
Ranked
13860th among 135047 active competitors
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Avance Technologies's funding and investors
Avance Technologies has raised a total funding of $390K over 3 rounds. Its first funding round was on Jan 17, 2022. Its latest funding round was a Grant (prize money) round on Mar 10, 2022 for $*****. 1 investor participated in its latest round. Avance Technologies has 1 institutional investor and 1 angel investor.
Here is the list of recent funding rounds of Avance Technologies:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Mar 10, 2022 | 2699461 | Grant (prize money) | 5172427 | 9528549 | 9291827 | 2455287 |
Feb 07, 2022 | 5103464 | Angel | 9144469 | 8626698 | 8273629 | 4860866 |
Jan 17, 2022 | 3942286 | Angel | 7628530 | 4789753 | 3363012 | 1311762 |
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Avance Technologies' founders and board of directors
Founder? Claim ProfileThe founders of Avance Technologies is Malte Susen.
Here are the details of Avance Technologies' key team members:
- Malte Susen: Former Founder of Avance Technologies.
View details of Avance Technologies's Founder profiles and Board Members
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Avance Technologies's Competitors and alternates
Top competitors of Avance Technologies include IBM, Mindtree and UST. Here is the list of Top 10 competitors of Avance Technologies, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | IBM 1911, Armonk (United States), Public | Provider of hybrid cloud, artificial intelligence, and IT consulting services | - | 81/100 | |
2nd | Consulting and implementations company | $23.9M | 78/100 | ||
3rd | UST 1999, Aliso Viejo (United States), Late Stage | Provider of data analytics, cloud modernization, management strategy, and digital transformation services | $250M | 76/100 | |
4th | Provider of IT consulting, technology, and outsourcing services | - | 75/100 | ||
5th | Provider of consulting, data analytics, and IT services | - | 75/100 | ||
6th |  Accion Labs 2011, Bridgeville (United States), Series A | Provider of digital engineering, data analytics, cloud infrastructure, and automation services | $93M | 75/100 | |
7th | Hewlett Packard Enterprise 2015, Houston (United States), Public | Provider of edge-to-cloud solutions, products, and services for enterprise organizations | - | 74/100 | |
8th |  Datamatics 1975, Mumbai (India), Public | Provider of digital technologies, business process management, analytics, and automation services | $3M | 73/100 | |
9th |  Happiest Minds Technologies 2011, Bengaluru (India), Public | Provider of IT suite services | $64.8M | 73/100 | |
10th | Virtusa 1996, Westborough (United States), Acquired | IT services company | $45.2M | 73/100 | |
13860th |  Avance Technologies 2021, Seed | Provider of IT cloud, data center, and BPO services | $390K | 24/100 |
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Avance Technologies's Investments and acquisitions
Avance Technologies has made no investments or acquisitions yet.
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