Aavenir
Ahmedabad · Founded 2019 · Delaware corporation · 2 known investors
Aavenir provides an AI-powered contract lifecycle management (CLM) platform built natively on ServiceNow, covering sourcing, authoring, approvals, obligations, and renewals, with complementary applications for vendor onboarding, obligation management, AP automation, and vendor compliance screening. It serves legal, procurement, sales, finance, and IT teams at enterprises across BFSI, healthcare and life sciences, manufacturing, energy, public sector, telecom, and education.
AI & Machine LearningEnterprise SoftwareLegalTech
Founders & leadership
Aavenir was founded in 2019 by Jesal Mehta.
JM
Jesal MehtaFounder
Investors · 2
Reported raises · per SEC filings
Form D private placements$8M disclosed across 2 rounds · 2020–2022
▶$6MraisedApr 2022 · 7 investors · Other TechnologyRule 506(b)
▶$6MraisedApr 2022 · 7 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Jesal Bhargavbhai MehtaExecutive Officer, Director
- Offering amount
- $6M
- Amount sold
- $6M
- First sale
- Feb 2022
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
▶$2MraisedSep 2020 · 11 investors · Other TechnologyRule 506(b)
▶$2MraisedSep 2020 · 11 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Jesal MehtaExecutive Officer, Director
- Offering amount
- $2M
- Amount sold
- $2M
- First sale
- Apr 2020
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 10
by search overlapTipalti884 shared keywordsTipalti offers an AI-powered finance automation platform that handles global accounts payable, payments, procurement, expenses, and treasury operations for businesses. It supports cross-border payments to over 200 countries in 120 currencies and integrates with ERPs, accounting systems, and other business tools, serving industries such as adtech, e-commerce, gaming, healthcare, and software.
Bill.com Holdings, Inc.769 shared keywordsBILL is a unified financial operations platform that automates accounts payable, receivables, and spend management for businesses. The platform processes over $345 billion in annual payment volume and serves nearly 500,000 customers across the US and 130+ countries.
Ramp717 shared keywordsRamp provides a spend management platform that consolidates corporate cards, expense management, accounts payable, business banking, travel booking, and procurement into one system. It targets businesses seeking automated coding, reconciliation, policy enforcement, and visibility across company spending.
PandaDoc702 shared keywordsPandaDoc is a document management platform for creating, managing, tracking, and eSigning business documents such as proposals and agreements, with support for signature and payment workflows. It targets teams that handle sales and business documents and integrates with other business tools.
Ironclad635 shared keywordsIronclad is an AI platform for digital contract management that helps companies execute faster deals, reduce contract surprises, and measure value. The platform serves enterprise and mid-market organizations managing contract lifecycles.
Juro612 shared keywordsJuro provides an intelligent contract automation platform that enables business teams to agree and manage contracts end-to-end while giving legal teams control over the process. The platform embeds automation and AI into tools business teams use daily, serving legal and business departments across organizations.
Spendflo563 shared keywordsSpendflo builds Flo, an autonomous procurement workforce of AI agents that runs the intake-to-pay cycle — handling purchase requests, contract tracking, and invoice matching — while human teams approve only what needs them. Originally a SaaS spend management platform, it serves finance and procurement teams at businesses managing many vendors, contracts, and subscriptions.
Hyperbots537 shared keywordsHyperbots offers an agentic AI platform with finance-specific "co-pilots" that automate accounts payable and receivable tasks such as invoice processing, accruals, procurement, payments, sales tax verification, vendor management, collections, and cash application. The platform uses AI agents pre-trained on financial documents and integrates with ERPs like NetSuite, SAP S/4HANA, Sage, Microsoft Dynamics 365, and QuickBooks for finance and accounting teams.
GoCardless516 shared keywordsGoCardless provides bank payment collection and open banking data access services. The platform enables businesses to collect domestic and international payments via bank accounts and securely access customer bank account data across 2,300+ banks in the UK and Europe.
Concord495 shared keywordsConcord is an AI-powered contract lifecycle management platform that handles contracts from intake through renewal, with features like automated alerts, AI-assisted review, self-serve intake, redlining, e-signature, and integrations with tools like Salesforce and Slack. It serves business teams across legal, procurement, finance, sales, HR, operations, and IT.
Companies competing with Aavenir for the same Google search keywords, organic and paid, via search-intersection analysis.
In the news
Frequently asked questions
- What does Aavenir do?
- Aavenir provides an AI-powered contract lifecycle management (CLM) platform built natively on ServiceNow, covering sourcing, authoring, approvals, obligations, and renewals, with complementary applications for vendor onboarding, obligation management, AP automation, and vendor compliance screening. It serves legal, procurement, sales, finance, and IT teams at enterprises across BFSI, healthcare and life sciences, manufacturing, energy, public sector, telecom, and education.
- Who founded Aavenir?
- Aavenir was founded by Jesal Mehta in 2019.
- Who are Aavenir's investors?
- Aavenir's investors include Accel, ScOp Venture Capital.
- How much funding has Aavenir raised?
- Aavenir has disclosed $8M raised across 2 rounds.
- Where is Aavenir headquartered?
- Aavenir is headquartered in Ahmedabad.