Advanon Overview

  • Year Founded
  • 2015

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 13

Employees

  • Latest Deal Type
  • M&A

Advanon General Information

Description

Operator of an online peer-to-peer invoice financing platform intended to make businesses grow at their full potential. The company's platform gives small and medium businesses the option to pre-finance their open invoices so that they do not need to wait for days for their customers to pay, enabling businesses to get fully flexible financing without any obligations and with transparent pricing and strengthen their cash balance.

Contact Information

Website
www.advanon.com
Formerly Known As
Avendo
Ownership Status
Acquired/Merged
Financing Status
Formerly VC-backed
Corporate Office
  • Baslerstrasse 60
  • 8048 Zurich
  • Switzerland
Primary Industry
Financial Software
Other Industries
Business/Productivity Software
Other Financial Services
Acquirer
CG24 Group
Vertical(s)
SaaS, FinTech
Corporate Office
  • Baslerstrasse 60
  • 8048 Zurich
  • Switzerland

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Advanon Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
6. Merger/Acquisition 25-May-2020 Completed Generating Revenue
5. Accelerator/Incubator 01-Oct-2019 Completed Generating Revenue
4. Accelerator/Incubator 19-Jun-2017 Completed Generating Revenue
3. Early Stage VC 10-Jan-2017 Completed Generating Revenue
2. Early Stage VC 29-Jun-2016 $129K Completed Startup
1. Accelerator/Incubator 16-Dec-2015 $129K $129K Completed Startup
To view Advanon’s complete valuation and funding history, request access »

Advanon Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Operator of an online peer-to-peer invoice financing platform intended to make businesses grow at their full potential.
Financial Software
Zurich, Switzerland
13 As of 2016

Toronto, Canada
 

London, United Kingdom
 
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Advanon Competitors (27)

One of Advanon’s 27 competitors is FundThrough, a Venture Capital-Backed company based in Toronto, Canada.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
FundThrough Venture Capital-Backed Toronto, Canada
Vauban (Financial Software) Formerly VC-backed London, United Kingdom
Kriya (Financial Services) Venture Capital-Backed London, United Kingdom
Investly Venture Capital-Backed Tallinn, Estonia
MX Venture Capital-Backed Lehi, UT
You’re viewing 5 of 27 competitors. Get the full list »

Advanon Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Advanon Former Investors (14)

Investor Name Investor Type Holding Investor Since Participating Rounds
Angel (individual) Minority
Angel (individual) Minority
J. Safra Sarasin Holding Asset Manager Minority
QDN Partners Family Office Minority
SICTIC Accelerator/Incubator Minority
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Advanon FAQs

  • When was Advanon founded?

    Advanon was founded in 2015.

  • Where is Advanon headquartered?

    Advanon is headquartered in Zurich, Switzerland.

  • What is the size of Advanon?

    Advanon has 13 total employees.

  • What industry is Advanon in?

    Advanon’s primary industry is Financial Software.

  • Is Advanon a private or public company?

    Advanon is a Private company.

  • What is Advanon’s current revenue?

    The current revenue for Advanon is .

  • How much funding has Advanon raised over time?

    Advanon has raised $13.3M.

  • Who are Advanon’s investors?

    , , J. Safra Sarasin Holding, QDN Partners, and SICTIC are 5 of 14 investors who have invested in Advanon.

  • Who are Advanon’s competitors?

    FundThrough, Vauban (Financial Software), Kriya (Financial Services), Investly, and MX are some of the 27 competitors of Advanon.

  • When was Advanon acquired?

    Advanon was acquired on 25-May-2020.

  • Who acquired Advanon?

    Advanon was acquired by CG24 Group.

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