About Avenue Capital Group
Avenue Capital Group is a venture capital firm founded in 1995. It is primarily based out of New York City, United States. As of Apr 2026, Avenue Capital Group is an active investor, having invested in 28 companies, with 2 new investments in the last 12 months. It primarily invests in Venture Debt round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Life Sciences. Most recently it participated in the $***** Series C round of Quartzy Overall, Avenue Capital Group portfolio has seen 2 unicorns, 5 IPOs and 1 acquisition including key companies like Medanta, Kin and Grove. A lot of funds co-invest with Avenue Capital Group, with names like Bolt Ventures sharing a substantial percentage of its portfolio. Avenue Capital Group has team of 98 people including 11 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Conventional Debt, Series B & 8 more
Portfolio Acquisitions
Avenue Capital Group's List of Top Investments
Avenue Capital Group has a portfolio of 28 companies, including 2 unicorns. Their most notable investments are in Ambow Education and Men In Blazers.Their portfolio spans across United States, United Kingdom, Canada and 3 more locations. They have invested in Enterprise Applications, High Tech, Life Sciences and 16 other sectors, across stages such as Conventional Debt, Series B and 8 more. Here is the list of top investments by Avenue Capital Group:1. Medanta
Chain of multi-super specialty healthcare hospitals. It specializes in Cardiac Surgery, Liver and Kidney Transplants, Robotic Surgeries in Cardiology, Urology, Neurology and Neurosciences, Paediatrics, Orthopaedics, and Gynecology, and advanced cancer treatments. It also provides online doctor consultations, appointment booking, pharmacy home delivery, home care, radiology, air ambulance, health checkup, and lab services.
Key facts about Medanta
2. Kin
Online platform for homeowner insurance platform for individuals. It offers claims settlement services. It features a repair program for policyholders to rebuild homes. It offers insurance such as condo insurance, vacation home insurance, landlord insurance, and more. It also helps with insurance fraud.
Key facts about Kin
- Founded Year: 2016
- Location: Chicago (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $422M
- Employee Count: 671 as on Mar 31, 2026
- Investors: August Capital, Savano Capital Partners and 50 Others
- Latest Funding Round: Series E, Sep 08, 2025, $*****
- Highlight: Editors' Pick
3. Grove
Online subscription-based platform providing cleaning products and beauty products. Its catalog includes home, skin care, oral care, hair care, perfumes & deodorants, and pet care products. The users can customize the curated boxes based on the preferences.
Key facts about Grove
- Founded Year: 2012
- Location: San Francisco (United States)
- Annual Revenue: $203M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $527M
- Employee Count: 413 as on Mar 31, 2026
- Investors: Glynn Capital, TriplePoint Capital and 44 Others
- Latest Funding Round: Post IPO, Oct 14, 2024, $*****
- Highlight: Public
4. Quartzy
Provider of web-based platform for labs management. It is a cloud-based platform that allows laboratories to streamline their communications, manage inventory, and purchase what they need to hit their milestones faster.
Key facts about Quartzy
- Founded Year: 2009
- Location: Hayward (United States)
- Stage: Series C
- Total Funding till date: $56.9M
- Employee Count: 97 as on Dec 31, 2022
- Investors: A.Capital Ventures, Orthogonal Thinker and 20 Others
- Latest Funding Round: Series C, Apr 13, 2026, $*****
- Highlight: Editors' Pick
5. CalciMedica
Developer of CRAC channel inhibitor drugs for inflammatory diseases. The Company has a portfolio of highly selective CRAC channel inhibitor drugs that it is developing to improve outcomes for patients with acute inflammatory indications.
Key facts about CalciMedica
- Founded Year: 2006
- Location: San Diego (United States)
- Stage: Public
- Total Funding till date: $76.7M
- Employee Count: 18 as on Jan 20, 2026
- Investors: Bering Capital, BioScience Managers and 10 Others
- Latest Funding Round: Venture Debt, Apr 06, 2025, $*****
- Highlight: Public
Avenue Capital Group's Year-on-Year Investment Trends
Avenue Capital Group has invested in 32 companies over the last 20 years, with an average of 3 new investments annually in the last 10 years. In 2025, it made 3 investments, while as of Apr 2026, it has made 2 investments in this year. Its most recent first time investment was in Quartzy and most recent follow-on round was in Ambow Education.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
2025 | 3 | 0 | 3 |
2024 | 7 | 0 | 7 |
2023 | 2 | 0 | 2 |
2022 | 5 | 0 | 5 |
2021 | 5 | 0 | 5 |
2020 | 0 | 0 | 0 |
2019 | 0 | 0 | 0 |
2018 | 1 | 0 | 1 |
2017 | 1 | 0 | 1 |
Avenue Capital Group's Investments by Stage
Avenue Capital Group has made 6 investments in Conventional Debt stage with an average round size of $95.5M, 5 investments in Series B stage with an average round size of $96.5M and 5 investments in Venture Debt stage with an average round size of $35.6M.Stage of entry | No. of Investments |
|---|---|
Conventional Debt | 6 |
Series B | 5 |
Venture Debt | 5 |
Series C | 4 |
PE | 2 |
Others | 6 |
Note: We have considered here, only first round of investments
Avenue Capital Group's Investments by Sector
Avenue Capital Group has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, HealthTech, Life Sciences and High Tech. Notably, it has invested in 18 Enterprise (B2B) companies, 18 Tech companies, 7 Software companies and at least 6 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Consumer | 6 |
Enterprise Applications | 5 |
HealthTech | 5 |
Life Sciences | 5 |
High Tech | 4 |
Others | 31 |
Note: We have considered here, only first round of investments
Avenue Capital Group's Investments by Geography
Avenue Capital Group has made most investments in United States (18), followed by United Kingdom where it has made 3 investments.Country | No. of Investments |
|---|---|
United States | 18 |
United Kingdom | 3 |
Canada | 1 |
China | 1 |
India | 1 |
Others | 3 |
Note: We have considered here, only first round of investments
Avenue Capital Group's recent investments
Avenue Capital Group has made 2 investments in 2026 so far - Quartzy and Nitra.Here are the most recent investments by Avenue Capital Group:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 13, 2026 | United States | Series C | 7402 | ||
Mar 10, 2026 | United States | Venture Debt | 5475 | - | |
Apr 06, 2025 | United States | Venture Debt | 5254 | - | |
Mar 04, 2025 | United States | Series C | 1856 | [+7] | |
Jan 20, 2025 | United States | Series A | 4598 | [+3] |
Unicorns in Avenue Capital Group's Portfolio
Avenue Capital Group has 2 unicorns in its portfolio - Cosm and Kin. The most recent unicorn in their portfolio is Cosm. It became a unicorn in 2024.Here is a list of unicorns in Avenue Capital Group's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
59 | Provider of AR and VR immersive experiences solutions | 2020 | Dallas | Series B | zqdhoma | ||
71 | Online platform for homeowner insurances for individuals | 2016 | Chicago | Series E | hdsxxsq |
IPOs and Publicly Listed companies in Avenue Capital Group's Portfolio
5 of Avenue Capital Group's portfolio companies have become public. Medanta got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Nov 2022 at marketcap of $1.09B and Grove got listed on the New York Stock Exchange (NYSE).Here are Avenue Capital Group's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 16, 2022 | Mar 25, 2006 | PE | 9906 | |
May 14, 2021 | Jan 04, 2023 | Venture Debt | 8465 | |
Sep 25, 2020 | Apr 06, 2025 | Venture Debt | 1159 | |
Apr 20, 2012 | Nov 15, 2017 | Post IPO | 8968 | |
Aug 05, 2010 | Oct 2007 | Series C | 2241 |
Acquired companies in Avenue Capital Group's Portfolio
1 company from Avenue Capital Group's portfolio has been acquired. The most recent acquisition were Clearstate in Apr 2012 by The Economist Group.Here are Avenue Capital Group's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 01, 2012 | Dec 07, 2018 | Series B | 1557 |
Team profile of Avenue Capital Group
Avenue Capital Group has a team of 98 members including 11 Partners and 38 Principals located in United States, United Kingdom and 6 more locations. Avenue Capital Group's team does not sit on the board of any company as of now.Here is a list of top team members in Avenue Capital Group:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | ||
Partner | London | - | ||
Partner | Athens | - | ||
Partner | Islington | - | ||
Partner | New York City | - | ||
Partner | New York City | - | ||
Partner | - | - | ||
Partner | United States | - | - | |
Partner | Encinitas | - |
Co-investors of Avenue Capital Group
Over the past 20 years, 254 investors have co-invested in Avenue Capital Group's portfolio companies. This includes funds and angels.
- Invested before Avenue Capital Group: Mayfield, Coventure and 201 others have invested in rounds before Avenue Capital Group. There are 2 companies where Mayfield has invested before Avenue Capital Group and 2 companies where Coventure has invested before Avenue Capital Group.
- Top Co-investors of Avenue Capital Group: 34 investors entered a company along with Avenue Capital Group. These include investors like Bolt Ventures (2 companies).
- Invested after Avenue Capital Group: A total of 17 investors have invested in Avenue Capital Group's portfolio after their investments. Top Investors include Anant Investments (1 company), AllegisCyber Capital (1 company) and Activate Capital (1 company).
Recent News related to Avenue Capital Group
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AUBL Receives Series A Funding from Blue Pool Capital, Nan Fung Group, etc.Sina•Apr 11, 2026•HSG, Bolt Ventures, Nan Fung Group, Blue Pool Capital and 2 others
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Nitra Secures $187 Million to Automate Healthcare Practice OperationsPYMNTS.com•Mar 10, 2026•Nitra, Dunamu, Actions Capital, Avenue Capital Group and 6 others
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Spruce Biosciences Secures Up to $50 Million in Growth Capital from Avenue Capitalintelligence360•Jan 14, 2026•Spruce, Avenue Capital Group
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Leading French retailers in the running to acquire IKKSFashion Network•Nov 11, 2025•AB CarVal, IKKS, Marathon Asset Management, Avenue Capital Group
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Kinnerton Capital Secures EUR 91 Million Loan for Copenhagen Residential ProjectNordic Property News•Nov 05, 2025•With Intelligence, Kinnerton, Avenue Capital Group
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Will Avenue Capital, GIC make any money from financial services bet?VCCircle•Aug 04, 2025•Avenue Capital Group, GIC
