Avinew Overview
- Year Founded
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2015
- Status
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Private
- Employees
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8
- Latest Deal Type
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Later Stage VC
- Investors
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11
Avinew General Information
Description
Provider of insurance services intended for autonomous and semi-autonomous automobiles. The company's services include usage-based insurance programs that use driving data, artificial intelligence, machine learning, and telematics to determine premium discount eligibility, enabling vehicle owners and fleet operators to ensure the safety, value, and freedom of driving.
Contact Information
Website
www.avinew.comCorporate Office
- 31416 Agoura Road
- Suite 160, Santa Paula
- Westlake Village, CA 93060
- United States
Corporate Office
- 31416 Agoura Road
- Suite 160, Santa Paula
- Westlake Village, CA 93060
- United States
Avinew Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 5. Later Stage VC | 06-Jul-2023 | Completed | Generating Revenue | |||
| 4. Later Stage VC | 10-May-2022 | Completed | Generating Revenue | |||
| 3. Later Stage VC (Series A2) | 14-Nov-2020 | Completed | Generating Revenue | |||
| 2. Seed Round | 30-Jan-2019 | $5M | $6.5M | Completed | Startup | |
| 1. Seed Round | 09-Nov-2016 | $1.5M | $1.5M | Completed | Startup |
Avinew Cap Table
| Stock | # of Shares Authorized |
Par Value | Dividend Rate (%) | Original Issue Price |
Liquidation | Liquidation Pref. Multiple |
Conversion Price | % Owned |
|---|---|---|---|---|---|---|---|---|
| Series A-2 | ||||||||
| Series A-1 | ||||||||
| Seed | 1,328,278 | $0.000100 | $1.65 | $1.65 | 1x | $1.65 | 12.96% |
VC Exit Predictor
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Opportunity Score
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Avinew Comparisons
Industry
Financing
Details
Avinew Competitors (12)
One of Avinew’s 12 competitors is OpenEyes, a Venture Capital-Backed company based in Austin, TX.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| OpenEyes | Venture Capital-Backed | Austin, TX | ||||
| Boundless Rider | Venture Capital-Backed | Medford, MA | ||||
| Elephant Insurance | Private Equity-Backed | Henrico, VA | ||||
| 21st Century Insurance | Corporate Backed or Acquired | Wilmington, DE | ||||
| Safe Auto | Corporate Backed or Acquired | Winston-Salem, NC |
Avinew Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Avinew Patents
Avinew Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-10650623-B2 | Detecting of automatic driving | Active | 18-Sep-2018 | ||
| US-11354952-B2 | Detecting of automatic driving | Inactive | 18-Sep-2018 | ||
| US-11935342-B2 | Detecting of automatic driving | Active | 18-Sep-2018 | ||
| US-20200090426-A1 | Detecting of automatic driving | Active | 18-Sep-2018 | ||
| US-20200273265-A1 | Detecting of automatic driving | Active | 18-Sep-2018 | G06N3/08 |
Avinew Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Avinew Investors (11)
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds |
|---|---|---|---|---|
| Gideon Hixon Fund | Venture Capital | Minority | ||
| SiriusPoint | Corporation | Minority | ||
| Beresford Ventures | Venture Capital | Minority | ||
| American Family Ventures | Venture Capital | Minority | ||
| APEX Ventures | Venture Capital | Minority |
Avinew Acquisitions (1)
Avinew’s most recent deal was a Merger/Acquisition with BetterDrive. The deal was made on 04-Jun-2019.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| BetterDrive | 04-Jun-2019 | Merger/Acquisition | Information Services (B2C) |
Avinew FAQs
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When was Avinew founded?
Avinew was founded in 2015.
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Where is Avinew headquartered?
Avinew is headquartered in Westlake Village, CA.
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What is the size of Avinew?
Avinew has 8 total employees.
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What industry is Avinew in?
Avinew’s primary industry is Automotive Insurance.
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Is Avinew a private or public company?
Avinew is a Private company.
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What is Avinew’s current revenue?
The current revenue for Avinew is .
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How much funding has Avinew raised over time?
Avinew has raised $20.9M.
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Who are Avinew’s investors?
Gideon Hixon Fund, SiriusPoint, Beresford Ventures, American Family Ventures, and APEX Ventures are 5 of 11 investors who have invested in Avinew.
-
Who are Avinew’s competitors?
OpenEyes, Boundless Rider, Elephant Insurance, 21st Century Insurance, and Safe Auto are some of the 12 competitors of Avinew.
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