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Aavenir
Ahmedabad · Founded 2019 · Delaware corporation · 56 employees on LinkedIn · 3 known investors
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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.
Founders & leadership
Aavenir was founded in 2019 by Jesal Mehta.
JM
Jesal MehtaFounder, and CEOJesal Mehta previously led product and operations at Apttus, where he oversaw the contract lifecycle management product suite and established offshore development centers across India. He brings experience in enterprise SaaS product development, procurement-to-pay solutions, and building technical teams across multiple geographies.
Investors · 3
Accellisted by AccelPalo Alto · $500K – $100M
How we know: Accel's portfolio page · funding news · aavenir.com · open dataset · 5k.vc investor directory · Not right? Tell us
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ScOp Venture Capitallisted by ScOp Venture CapitalSanta Barbara · $500K – $4M
How we know: ScOp Venture Capital's portfolio page · a partner's Signal profile · funding news · the VCSheet dataset · Not right? Tell us
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.
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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, Gaingels, 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.