When was Avnet founded?

Avnet was founded in 1921 and raised its 1st funding round 98 years after it was founded.

Where is Avnet located?

Avnet is headquartered in United States. It is registered at Phoenix, Arizona.

How many employees does Avnet have?

As of Jul 31, 2026, the latest employee count at Avnet is 12724.

Is Avnet a funded company?

Avnet is a funded company, having raised a total of $***** in its 1st and only funding round, a Post IPO round on Apr 13, 2019.

When was the latest funding round of Avnet?

Avnet's latest funding was a $***** Post IPO round on Apr 13, 2019, with participation from 1 investor.

What is the annual revenue of Avnet?

Annual revenue of Avnet is more than $1B as on Jun 28, 2025

Where does Avnet rank among its competitors?

Avnet ranks 1st amongst 97 active competitors, only 1 of which is funded. Avnet, which secured $1.93M in Apr, 2019.

Who are the top competitors of Avnet?

Avnet's top competitors include Arrow Electronics, Digi-Key Electronics and Dynasil. Among them, Avnet secured the most recent funding round in April, 2019.

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

Company Details

Avnet is a global distributor of electronic components, computer products, and embedded technology. Serving customers in more than 115 countries. Its branch Avnet technology solution is a global IT solution provider and distributes computing solutions for healthcare, education, and government. It serves customers and suppliers in North America, Latin America and the Caribbean, Asia Pacific, and Europe, Middle East and Africa. In 2022, the company recorded annual revenues of $26.36B and a net profit of $0.86B.

Website: www.avnet.com/americas/
Social
Email ID: *****@avnet.com
Phone Number: +1 **********
Registered Address: Phoenix, Arizona

Key Metrics

Founded Year

1921

Location

United States

Stage

Public

Latest Funding Round

Post IPO, Apr 13, 2019, $*****

Investors

Pzena Investment Management & 4 more

Ranked

1^st among 97 active competitors

Annual Revenue

$1B+ as on Jun 28, 2025

Employee Count

12,724 as on Jul 31, 2026

Investment & Acquisitions

Witekio & 22 more

Similar Companies

Arrow Electronics & 1538 more

Exit Details

Public

View Avnet's full profile

Avnet is associated with 7 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Avnet, INC CIN: 2820806 , United States, Active	Jan 01, 1921	$1B+ (As on Jun 28, 2025)	-	-
AZ SMART SHOP LTD CIN: 12354600 , United Kingdom, Active	Dec 08, 2019	£0 - £1M (As on Dec 31, 2024)	1 (As on Dec 31, 2024)
AVNET INDIA PRIVATE LIMITED CIN: U31909KA1998PTC034391 , India, Active	Aug 24, 1998	₹100 - ₹500 Cr (As on Mar 31, 2025)	133 (As on Oct 31, 2024)
AVNET INC CIN: 8858 , United States, Active		$1B+ (As on Jun 30, 2025)	15800 (As on Jun 30, 2023)	-
AVNET, INC. CIN: 111890605 , United States, Active	Dec 26, 999	-	2753 (As on Dec 31, 2024)	-
Embedded Electronics & Solutions, s.r.o. CIN: 01699334 , Czech Republic, Active	May 20, 2013	-	-
Avnet CIN: - , Belgium, Active		-	-	-

Avnet got listed on Jan 06, 1978.

Click here to take a look at Avnet's IPO in detail

Avnet has raised funding over 1 round. Its latest funding round was a Post IPO round on Apr 13, 2019 for $*****. 1 investor participated in its latest round. Avnet has 5 institutional investors.

Here is the list of recent funding rounds of Avnet:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Apr 13, 2019	3567412	Post IPO	1156472	1868012	2165699	2155934

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Avnet's employee count trend

Avnet has 12,724 employees as of Jul 26. Here is Avnet's employee count trend over the years:

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Top competitors of Avnet include Arrow Electronics, Digi-Key Electronics and Dynasil. Here is the list of Top 10 competitors of Avnet, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Avnet 1921, United States, Public	High-tech products distributor	-	Pzena Investment Management, Max Ventures & Industries ... & 3 others	60/100
2nd	Arrow Electronics 1935, Centennial (United States), Public	Reseller of electronic components and enterprise computing solutions	-	Omnes Capital, Light Beam Capital & 5 others	63/100
3rd	Digi-Key Electronics 1972, Thief River Falls (United States), Funding Raised	Online B2B e-distributor of electronic components	-	Atlas Accelerator	62/100
4th	Dynasil 1960, Newton (United States), Public	Developer of detection and analysis technology	$3M	DOE, MCRC	42/100
5th	Fusion Worldwide 2001, Boston (United States), Unfunded	Distributor of electronic components offering services for sourcing, excess mitigation, and inventory management	-	-	39/100
6th	VRG Components 2014, Charlotte (United States), Unfunded	Distributor of hard-to-find electronic components	-	-	36/100
7th	A2 Global Electronics 2018, St Petersburg (United States), Unfunded	Manufacturer and supplier of shortage mitigation & electronic components	-	Wynnchurch Capital	35/100
8th	Wilder Tech 2008, Vancouver (United States), Unfunded	Manufacturer of high-speed compliance test fixtures and solutions. These products support various sectors including data communications, USB, automotive, consumer electronics, and storage. The company develops and produces these solutions, providing an ecosystem easily adaptable to existing test equipment for compliance testing and signal analysis. A focus on high-speed signal integrity, system automation, and precision electro-mechanical design underpins their offerings.	-	-	35/100
9th	SMT 1995, Newtown (United States), Funding Raised	Provider of electronic component sourcing, testing, and supply chain solutions. This includes authentication services to mitigate counterfeit electronics, electrical and environmental testing, and inventory management. Services cover the full supply chain, from procurement and storage to delivery and end-of-life management. The company offers a secure web portal for customer access and utilizes industry-standard testing methods. They also provide electronic component sales and consignment programs.	-	HPE	35/100
10th	Vyrian 2011, Houston (United States), Seed	Distributor of electronic components	$90.9K	-	29/100

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Avnet has made 2 investments in companies including Defendry and Hanhaa. Avnet has also acquired 21 companies including Witekio and Priya Softweb Solutions.

Here is the list of investments & acquisitions:

Date of Investment/Acquisition	Type	Company Name	Founded Year	Location
Sep 17, 2019	Acquisition	Witekio	2001	Lyon (France)
Jul 24, 2019	Investments	Defendry	2019	Scottsdale (United States)
Jan 16, 2019	Acquisition	Priya Softweb Solutions	2007	Ahmedabad (India)