Aavenir, a SaaS-based source-to-pay solutions provider, Tuesday said it has raised $2 million in seed funding from venture capital firm Accel.
The San Francisco and Ahmedabad-based startup plans to use the funds to accelerate product development and expand global reach by strengthening its sales and marketing operations.
Aavenir offers integrated products including Contractflow for contract lifecycle management, RFPflow for sourcing management and Invoiceflow for accounts payable automation to enable sourcing, procurement and contracting processes.
“The partnership with ServiceNow allows us to be in front of their customers who are always looking to capitalise on their existing ServiceNow investments and automate more of their business processes using the NOW platform,” Aavenir CEO Jesal Mehta said.
INDIA DEAL MONITOR
Here are some prominent venture capital transactions in India from April 13-16, 2020.
