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.

Aavenir

Ahmedabad · Founded 2019 · Delaware corporation · 56 employees on LinkedIn · 2 known investors

Find your way into Aavenir

Each arrow is one introduction. Sign up to fill in the first one.

265 people can intro you to Jesal

Ask Prayank Swaroop to introduce you to Jesal Mehta

You →Prayank · together at Aavenir →Jesal

Your email: who you already know at Aavenir, and who your contacts know
2nd- and 3rd-degree connections: people you know who worked, studied or invested with the Aavenir team
Your LinkedIn: the connections who can make the intro for you

We rank every route by how warm it is, so you raise on warm intros instead of cold emails.

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 Learning Enterprise Software LegalTech

Founders & leadership

Aavenir was founded in 2019 by Jesal Mehta.

Jesal Mehta Founder, 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 · 2

Accellisted by AccelPalo Alto · $1.6M – $70M

How we know: Accel's portfolio page · funding news · aavenir.com · Not right? Tell us

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 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

Full filing on SEC EDGAR ↗

▶$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

Full filing on SEC EDGAR ↗

Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.

Related companies · 10

TipaltiTipalti is an AI-powered finance automation platform that automates accounts payable, mass payments, procurement, and employee expenses for growing companies. The platform serves businesses seeking to streamline financial operations and reduce manual finance tasks.

Bill.com Holdings, Inc.BILL 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.

RampRamp offers a finance platform that combines corporate cards, expense management, and AI-driven automation for receipt capture, transaction coding, and reimbursements. It serves finance teams and businesses looking to consolidate spending tools and automate accounting workflows.

PandaDocPandaDoc 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.

IroncladIronclad 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.

JuroJuro 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.

SpendfloSpendflo 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.

HyperbotsHyperbots offers an agentic AI platform designed for finance and accounting teams that processes unstructured financial documents and structured ERP data to automate invoice processing, approvals, and general ledger coding with up to 99.8% accuracy. The platform combines vision-language models, large language models, and custom AI agents to extract, validate, and augment financial information from documents like invoices, purchase orders, and contracts.

GoCardlessGoCardless 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.

ConcordConcord is an AI-powered contract lifecycle management platform that automates contract intake, review, execution, and renewal for enterprise teams. It serves legal, procurement, finance, sales, and operations departments across various industries.

Companies working in the same space as Aavenir.

In the news

Aavenir Raises $6M, Led by Accel to Expand Source-to-Pay Solutions Portfolio | Aaveniraavenir.com · Mar 2022

Accel Invests $2mn Funding in Aavenir, a Source-to-Pay Start-up on ServiceNow | Aaveniraavenir.com · Apr 2020

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.