How Much Did Anvyl Raise? Funding & Key Investors

Anvyl has successfully raised funding through 6 rounds, attracting investment from notable firms such as B Capital and Bienville Capital. The platform, now part of Sage Group, offers advanced data analytics and supply chain management solutions.

Keep reading to explore the intricacies of Anvyl's fundraising journey and the investors backing this innovative platform.

What Is Anvyl?

Anvyl, based in New York, United States, is a technology platform specializing in data analytics. The company operates in various industries, including Analytics, Logistics, Manufacturing, SaaS, and Supply Chain Management. With an employee count ranging from 11 to 50, Anvyl has carved a niche in providing advanced supply chain management solutions.

Founded by a team of industry experts, Anvyl has successfully raised funding through six rounds, attracting investment from notable firms such as B Capital and Bienville Capital. The platform has been acquired by Sage Group, further enhancing its capabilities and market reach.

How Much Funding Has Anvyl Raised?

1. Seed Round
   • Amount Raised: USD 2,500,000
   • Date: May 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the company's operations and develop its initial product offerings.
2. Non-Equity Assistance
   • Date: July 2017
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To receive strategic support and resources without diluting equity.
3. Series A
   • Amount Raised: USD 9,300,000
   • Date: July 2019
   • Lead Investors: Redpoint
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and enhance the platform's capabilities.
4. Series A
   • Date: May 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the platform and scale operations.
5. Series A
   • Date: January 2021
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To continue scaling the business and improving product features.
6. Series B
   • Amount Raised: USD 19,000,000
   • Date: February 2022
   • Lead Investors: B Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To double the team size, enhance machine learning and AI capabilities, and streamline supply chain processes.

Total Amount Raised: USD 30,800,000. Current Valuation: Not publicly disclosed.

Key Investors

• B Capital
  • Details: B Capital is a global venture capital firm. They focus on investing in technology-driven companies.
  • Investment Focus Areas: Enterprise software, fintech, healthcare, consumer products
  • Notable Investments: Bird, Evidation Health, Icertis
• Redpoint Ventures
  • Details: Redpoint Ventures is a venture capital firm. They invest in early and growth-stage technology companies.
  • Investment Focus Areas: Technology, SaaS, consumer internet
  • Notable Investments: Netflix, Snowflake, Stripe
• AlleyCorp
  • Details: AlleyCorp is a venture capital firm and incubator. They focus on early-stage technology companies, particularly in New York.
  • Investment Focus Areas: Technology, media, e-commerce
  • Notable Investments: MongoDB, Business Insider, Gilt Groupe
• First Round Capital
  • Details: First Round Capital is a seed-stage venture capital firm. They focus on technology startups at the seed stage.
  • Investment Focus Areas: Technology, consumer products, healthcare
  • Notable Investments: Uber, Square, Warby Parker
• Flexport
  • Details: Flexport is a freight forwarding and customs brokerage company. They focus on logistics and supply chain technology.
  • Investment Focus Areas: Logistics, supply chain, technology
  • Notable Investments: Not publicly disclosed

What's Next for Anvyl?

With a fresh infusion of $15 million in Series B funding, Anvyl is poised to capitalize on significant opportunities in the supply chain management sector. The company plans to expand its team and enhance its machine learning and AI capabilities, aiming to provide better supply chain transparency and predictive analytics. This expansion aligns with industry trends emphasizing the importance of efficiency and transparency in supply chain processes.

As Anvyl scales its operations, future fundraising opportunities may arise to support continued growth and technological advancements. However, the company will need to navigate challenges such as competition from other platforms, integrating advanced technologies, and maintaining company culture during rapid growth. Ensuring data security and privacy will also be crucial as they centralize and automate supply chain processes.

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