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Announced

Completed

Insight Partners led a $45m Series B funding round in Avo.

Financials

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Transaction Value£33m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Online and Social Platforms

Completed

amenity platform

Venture Capital

Private Equity

Minority

Friendly

Private

Single Bidder

United States

Domestic

Synopsis

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Insight Partners, a private equity and venture capital firm, led a $45m Series B funding round in Avo, a residential and office delivery platform, with participation from Kleiner Perkins and JLL Spark. "Avo's platform isn't just challenging the conventional delivery service mode. It's also providing customers with an innovative way to drive engagement and retention with their tenants and employees. We at Insight are thrilled to play a part in the company's growth story and look forward to working together to help them become a category leaderl," Jeff Horing, Insight Partners Managing Director and Co-Founder.

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