About Avid Ventures
Avid Ventures is a venture capital firm founded in 2020. It is primarily based out of New York City, United States. As of May 2026, Avid Ventures is an active investor, having invested in 16 companies, with 2 new investments in the last 12 months. It primarily invests in Series B round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and Retail. Most recently it participated in the $***** Series B round of Novella Overall, Avid Ventures portfolio has seen 4 unicorns and 1 acquisition including key companies like Rapyd, Oyster and Basis. A lot of funds co-invest with Avid Ventures, with names like BoxGroup sharing a substantial percentage of its portfolio. Avid Ventures has team of 6 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio Acquisitions
Portfolio Soonicorns
Avid Ventures' List of Top Investments
Avid Ventures has a portfolio of 16 companies, including 4 unicorns. Their most notable investmentis in PentoTheir portfolio spans across United States, United Kingdom, Germany and 2 more locations. They have invested in Enterprise Applications, FinTech, Retail and 8 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Avid Ventures:
1. Rapyd
Provider of financial infrastructure for processing payments and issuing cards. This platform enables businesses to accept various payment methods, manage multi-currency accounts, and facilitate cross-border fund transfers. It provides tools for virtual account management, payout distribution, and card issuance. The infrastructure integrates into existing applications to support commerce and financial operations.
Key facts about Rapyd
- Founded Year: 2016
- Location: London (United Kingdom)
- Annual Revenue: £10M - £50M as on Dec 31, 2024
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $1.01B
- Employee Count: 920 as on May 31, 2026
- Investors: Fidelity Investments, Dragoneer Investment Group and 34 Others
- Latest Funding Round: Series F, Mar 13, 2025, $*****
- Highlight: Editors' Pick
2. Oyster
Provider of employment software for managing payroll and personnel administration. This platform facilitates the onboarding of staff, the distribution of compensation, and the management of benefits. It provides tools for handling contractual agreements and tax compliance requirements. The software integrates with existing human resources information systems and accounting platforms to synchronize data across organizational workflows. It supports the administration of independent contractors and full-time staff members through a centralized interface.
Key facts about Oyster
3. Nova Credit
Provider of unified consumer credit data infrastructure and analytics platform. The company enables lenders and other financial institutions to access and orchestrate consumer-permissioned credit, banking, payroll, and document data through a single integration for underwriting and onboarding workflows. Its platform underpins three core products a cash flow underwriting solution using bank transaction data, an automated income verification solution, and a cross border credit product that translates international credit histories into standardized reports. Services help clients expand approval rates for underserved or thin file consumers, reduce fraud, improve debt-to-income assessment, and maintain compliance as a consumer reporting agency under applicable regulations.
Key facts about Nova Credit
- Founded Year: 2016
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $156M
- Employee Count: 116 as on May 31, 2026
- Investors: National Bank of Canada, Harmonic and 35 Others
- Latest Funding Round: Series D, Oct 14, 2025, $*****
- Highlight: Editors' Pick
4. Basis
AI agents for automating accounting workflows and engagements. The AI agents onboard onto accounting engagements at the direction of an accountant. The agents adapt their intelligence to the engagement they are working on. The AI agents integrate with existing systems, ledgers, and file systems.
Key facts about Basis
Provider of employee benefits brokerage and administrative services. It offers support for open enrollment, eligibility and billing audits, benefits decision support, strategic renewals, and year-round member support, including benefits compliance. The company also provides a benefits app for employees, featuring real-time deductible tracking and enhanced member experience. Services aim to simplify benefits administration for HR teams and improve employee experience. It assists in choosing appropriate healthcare plans and offers ongoing support for plan-related issues. Additional services include digital ID card access and in-network provider search capabilities.
Key facts about Nava Benefits
- Founded Year: 2019
- Location: New York City (United States)
- Stage: Series C
- Total Funding till date: $90M
- Employee Count: 143 as on May 31, 2026
- Investors: Glynn Capital, Sound Ventures and 16 Others
- Latest Funding Round: Series C, Oct 08, 2025, $*****
- Highlight: Editors' Pick
Avid Ventures' Year-on-Year Investment Trends
Avid Ventures has invested in 16 companies over the last 6 years, with an average of 2 new investments annually in the last 5 years. In 2025, it made 2 investments, while as of May 2026, it has made 2 investments in this year. Its most recent first time investment was in Novella and most recent follow-on round was in Basis.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 1 | 1 | 2 |
2024 | 2 | 3 | 5 |
2023 | 2 | 0 | 2 |
2022 | 1 | 4 | 5 |
2021 | 8 | 4 | 12 |
2020 | 1 | 0 | 1 |
Avid Ventures' Investments by Stage
Avid Ventures has made 5 investments in Seed stage with an average round size of $9.92M, 5 investments in Series A stage with an average round size of $26.9M, 4 investments in Series B stage with an average round size of $37.7M, 1 investment in Series C stage with an average round size of $45M and 1 investment in Series D stage with an average round size of $300M.Stage of entry | No. of Investments |
|---|---|
Seed | 5 |
Series A | 5 |
Series B | 4 |
Series C | 1 |
Series D | 1 |
Note: We have considered here, only first round of investments
Avid Ventures' Investments by Sector
Avid Ventures has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Vertical SaaS, Retail and HealthTech. Notably, it has invested in 15 Tech companies, 13 Enterprise (B2B) companies, 11 Software companies and at least 6 companies focusing on Saas.Sector | No. of Investments |
|---|---|
FinTech | 12 |
Enterprise Applications | 11 |
Vertical SaaS | 4 |
Retail | 3 |
HealthTech | 2 |
Others | 8 |
Note: We have considered here, only first round of investments
Avid Ventures' Investments by Geography
Avid Ventures has made most investments in United States (11), followed by United Kingdom where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 11 |
United Kingdom | 2 |
Germany | 1 |
India | 1 |
Sweden | 1 |
Note: We have considered here, only first round of investments
Avid Ventures' recent investments
Avid Ventures has made 2 investments in 2026 so far - Novella and Basis.Here are the most recent investments by Avid Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 15, 2026 | United States | Series B | 7127 | [+5] | |
Feb 24, 2026 | United States | Series B | 2160 | [+20] | |
Dec 03, 2025 | United States | Seed | 8627 | ||
Mar 13, 2025 | United Kingdom | Series F | 9062 | [+12] | |
Dec 17, 2024 | United States | Series A | 8417 | [+18] |
Unicorns in Avid Ventures' Portfolio
Avid Ventures has 4 unicorns in its portfolio - Basis, Oyster, Alloy and others. The most recent unicorn in their portfolio is Basis. It became a unicorn in 2026, 2 years after Avid Ventures first invested in it.Here is a list of unicorns in Avid Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
69 | AI agents for automating accounting workflows and engagements | 2023 | New York City | Series B | aclrozh | ||
72 | Provider of employment software for managing payroll and personnel administration | 2019 | Charlotte | Series D | rovhdnc | ||
65 | Identity decisioning platform for banks and fintech firms | 2015 | New York City | Series C | pzeoflv | ||
76 | Provider of financial infrastructure for processing payments and issuing cards | 2016 | London | Series F | vjhuxpu |
Acquired companies in Avid Ventures' Portfolio
1 company from Avid Ventures' portfolio has been acquired. The most recent acquisition was Pento in Feb 2024 by Bob for $*****.Here are Avid Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 13, 2024 | May 19, 2021 | Series A | 6791 |
Team profile of Avid Ventures
Avid Ventures has a team of 6 members including 5 Partners and 1 Principal located in United States and United Kingdom. Avid Ventures' team does not sit on the board of any company as of now.Here is a list of all team members in Avid Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | New York City | - | ||
Partner | New York City | - | ||
Partner | London | - | - | |
Partner | New York City | - | ||
Partner | Las Vegas | - | - | |
Principal | Philadelphia | - |
Co-investors of Avid Ventures
Over the past 6 years, 215 investors have co-invested in Avid Ventures's portfolio companies. This includes funds and angels.
- Invested before Avid Ventures: General Catalyst, Stripe and 49 others have invested in rounds before Avid Ventures. There are 2 companies where General Catalyst has invested before Avid Ventures and 2 companies where Stripe has invested before Avid Ventures.
- Top Co-investors of Avid Ventures: 80 investors entered a company along with Avid Ventures. These include investors like BoxGroup (4 companies).
- Invested after Avid Ventures: A total of 84 investors have invested in Avid Ventures's portfolio after their investments. Top Investors include People Tech Partners (2 companies), Gaingels (2 companies) and Accel (2 companies).
Recent News related to Avid Ventures
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Novella has raised $21 Million in new Series A Fundingintelligence360•Jun 04, 2026•Novella, Crystal Venture Partners, Blank Ventures, Verissimo Ventures and 4 others
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AI accounting startup Basis raises $100M at $1.15B valuation from Accel, GV to automate Big Four drudgeryTech Funding News•Feb 24, 2026•Basis, Google Ventures, Accel, Google and 7 others
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Supper Raises $11M Seed Round to Deliver an AI-Native Data Platform that Makes Data Access Effortless, Fast, and Reliableintelligence360•Dec 22, 2025•Supper, Inspired Capital, Union Square Ventures, Avid Ventures and 2 others
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Supper Secures $11M Seed Round for AI-Native Data PlatformPR Newswire•Dec 03, 2025•Inspired Capital, Super, BoxGroup, Union Square Ventures and 3 others
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AI-powered accounting startup Basis raises $34M in fundingSiliconAngle•Dec 18, 2024•Basis, Khosla Ventures, Better Tomorrow Ventures, BoxGroup and 2 others
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Binance Labs invests in KernelFinextra•Nov 25, 2024•Binance Labs, KernelDAO, , Binance and 21 others
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Avid Ventures closed $87M Fund II to back transformative software and fintech startupsTech Funding News•Sep 20, 2024•Avid Ventures, Costanoa, SET Ventures
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Era Ventures launches $88M first fund to disrupt global real estate industryTech Funding News•Sep 20, 2024•Era Ventures, Avid Ventures, Costanoa, Fenwick & West and 8 others
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Thatch: Personalized Health Benefits Platform Raises $38 Million (Series A)Pulse 2.0•Sep 06, 2024•Thatch, Index Ventures, General Catalyst, Sempervirens Fund and 5 others
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Fintech Fragment eases ledger problems, nabs $9M from Stripe, Jack Altman, BoxGroup, othersTechCrunch+•Jul 22, 2024•Fragment, Stripe, BoxGroup, Avid Ventures and 1 other
