Averatek
Santa Clara, US · Delaware corporation
Founders & leadership
KF
Kurt F. BuseckExecutive
MV
Mike VinsonExecutive
Board
CS
C. Scott HartzBoard director
RM
Robert MehalsoBoard director
EP
Eric PearsonBoard director
LL
Luther LauBoard director
Reported raises · per SEC filings
Form D private placements$10M disclosed across 6 rounds · 2015–2020
▶$4.7MraisedOct 2020 · 20 investors · Other TechnologyRule 506(b)
▶$4.7MraisedOct 2020 · 20 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Kurt F. BuseckExecutive Officer, Director
- J. Robert BrownDirector
- C. Scott HartzDirector
- Manish KothariDirector
- Haris BasitExecutive Officer, Director
- Offering amount
- $8M
- Amount sold
- $4.7M
- Minimum investment
- $250K
- Sales commissions
- $300K
- Placement agents
- Samuel Yellin
- First sale
- Oct 2020
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$1.1MraisedSep 2019 · 11 investors · Other TechnologyRule 506(b)
▶$1.1MraisedSep 2019 · 11 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Raghu MadabushiDirector
- Robert BrownDirector
- Manish KothariDirector
- C. Scott HartzDirector
- Kurt F. BuseckExecutive Officer, Director
- Haris BasitExecutive Officer, Director
- Offering amount
- $2M
- Amount sold
- $1.1M
- Minimum investment
- $50K
- First sale
- May 2019
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$787KraisedMar 2018 · 4 investors · Other TechnologyRule 506(b)
▶$787KraisedMar 2018 · 4 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- J Robert BrownDirector
- Manish KothariDirector
- Harris BasitExecutive Officer, Director
- C Scott HartzDirector
- ERic PearsonDirector
- Kurt F BuseckExecutive Officer, Director
- Offering amount
- $7M
- Amount sold
- $787K
- First sale
- Feb 2018
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$600KraisedSep 2017 · 5 investors · Other TechnologyRule 506(b)
▶$600KraisedSep 2017 · 5 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Carl AndersonExecutive Officer
- C. Scott HartzDirector
- Manish KothariDirector
- Haris BasitExecutive Officer
- Eric PearsonDirector
- Kurt F. BuseckExecutive Officer, Director
- Robert BrownDirector
- Offering amount
- $2M
- Amount sold
- $600K
- First sale
- Sep 2017
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$375.2KraisedOct 2016 · 7 investors · Other TechnologyRule 506(b)
▶$375.2KraisedOct 2016 · 7 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- Carl AndersonExecutive Officer
- Kurt F. BuseckExecutive Officer, Director
- Robert MehalsoExecutive Officer, Director
- Eric PearsonDirector
- Manish KothariDirector
- C. Scott HartzDirector
- Offering amount
- $1.6M
- Amount sold
- $375.2K
- First sale
- Sep 2016
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$2.5MraisedAug 2015 · Other TechnologyRule 506(b)
▶$2.5MraisedAug 2015 · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- C. Scott HartzDirector
- Kurt F. BuseckExecutive Officer, Director
- Robert MehalsoDirector
- Eric PearsonDirector
- Mike VinsonExecutive Officer
- Luther LauDirector
- Offering amount
- $2.5M
- Amount sold
- $2.5M
- Sales commissions
- $100K
- Placement agents
- Ross Sinclaire and Associates LLC
- First sale
- Aug 2015
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Non-dilutive funding · 5 SBIR/STTR awards
Federal grants — no equity taken| Agency | Phase | Year | Amount |
|---|---|---|---|
| U.S. Air ForceAir Force | Phase I | 2023 | $74.9K |
| U.S. Air ForceAir Force | Phase II | 2022 | $1.7M |
| U.S. Air ForceAir Force | Phase ISTTR | 2022 | $49.9K |
| U.S. Air ForceAir Force | Phase II | 2021 | $750K |
| U.S. Air ForceAir Force | Phase I | 2019 | $50K |
Source: SBIR.gov award data (U.S. Small Business Administration). SBIR/STTR awards are competitive federal R&D grants and contracts — non-dilutive capital alongside any venture rounds above.
Frequently asked questions
- How much funding has Averatek raised?
- Averatek has disclosed $10M raised across 6 rounds.
- Where is Averatek headquartered?
- Averatek is headquartered in Santa Clara, US.