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Industries
Enterprise Software
Cybersecurity
Company Size
51-200
Company Stage
Series D
Total Funding
$138.1M
Headquarters
San Francisco, California
Founded
2019
Aven provides web-based solutions with a strong focus on security and data protection. The company utilizes JavaScript for its website functionality, indicating a modern approach to web development. Aven employs Cloudflare's challenge-platform, which enhances website security and protects against malicious traffic, showcasing its commitment to safeguarding user data. While specific details about its products, target clients, and revenue model are not available, Aven appears to operate in the tech industry, likely catering to businesses or individuals seeking secure online services. The company's goal is to deliver reliable web solutions while ensuring the highest level of security for its users.
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Total Funding
$138.1M
Above
Industry Average
Funded Over
1 Rounds
Industry standards
Company equity
Remote friendly
Medical, vision, & dental insurance
PTO
Parental leave
Aven Card
Title: "July 2024: Key Global Investments in the Fintech Sector" In July 2024, the fintech sector saw significant funding rounds. Aven, a US-based startup, raised $142 million in Series D, led by Khosla Ventures and General Catalyst, boosting its valuation to over $1 billion. MNT-Halan from Egypt secured $157.5 million, with $40 million from IFC and the rest from investors like DPI and Lorax Capital Partners. Other notable investments include $195 million for Ascend Money (Thailand) and $100 million for Matera (Brazil).
Aven, a technology company offering consumer credit cards backed by home equity, announced a $142 million series D round of funding.
A technology company offering consumer credit cards backed by home equity, Aven reaches unicorn status announcing a $142 million series D round of funding led by Khosla Ventures and General Catalyst, with participation from existing investors including Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership.Aven was founded in 2019 by Sadi Khan, Collin Wikman, and Murtada Shah, former product, design, and engineering executives at Facebook and Square. Aven is on a mission to provide consumers with the lowest cost and most convenient access to capital. Their first product – the Aven Home Card – allows homeowners to access their home equity in minutes, starting at $0 to get, with all the benefits of a traditional credit card. Since launching in California in 2022, the company has issued over $1.5 billion in credit lines for the Home Card, earning a 4.9 star rating on Trustpilot. The company has saved customers over $100 million in interest payments to date.“We believe there’s no reason for anyone who owns an asset and has good credit history to use unsecured credit. Full stop
A new $142 million Series D investment has elevated Aven, a credit solutions start-up based in San Francisco, to unicorn status.
Aven, a technology company offering consumer credit cards backed by home equity, today announced a $142 million series D round of funding led by Khosla Ventures and General Catalyst, with participation from existing investors including Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership.
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Industries
Enterprise Software
Cybersecurity
Company Size
51-200
Company Stage
Series D
Total Funding
$138.1M
Headquarters
San Francisco, California
Founded
2019
Find jobs on Simplify and start your career today