Full-Time
Web-based tech platform emphasizing security
No salary listed
San Francisco, CA, USA + 1 more
More locations: New York, NY, USA
Hybrid
Hybrid work is listed for New York and the San Francisco Bay Area; remote work may be possible.
Bachelor's, Master's, MBA
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Aven operates a web-based platform likely aimed at tech clients, with the core product consisting of online services accessed through a browser. The available hints point to a JavaScript-driven interface and the use of Cloudflare’s security features, suggesting the platform prioritizes protecting traffic and user data from malicious activity. How the product actually works cannot be confirmed from public information, but the presence of JavaScript and a security-focused setup implies the service runs in the browser and relies on cloud-based infrastructure to manage requests, authenticate users, and defend against threats. Aven’s differentiation appears to come from its emphasis on security and data protection within a web-based solution, rather than a broad suite of generic features. The stated goal seems to be delivering a secure, online platform for clients that require reliable protection of their web traffic and data while offering web-based functionality.
Company Size
51-200
Company Stage
Series E
Total Funding
$252M
Headquarters
San Francisco, California
Founded
2019
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Company equity
Remote friendly
Medical, vision, & dental insurance
PTO
Parental leave
Aven Card
Aven has launched a Bitcoin Visa Card in partnership with BitGo, enabling consumers to access credit secured by bitcoin collateral without selling their holdings. BitGo provides the wallet and custody infrastructure supporting the product. The card allows bitcoin owners to unlock credit based on their holdings whilst maintaining their positions. BitGo's technology employs a per-borrower custody model, with each borrower's bitcoin held in a dedicated wallet designed for collateral segregation and secure management. BitGo serves as infrastructure provider for the deposited bitcoin collateral. The partnership reflects growing demand for financial products that extend digital asset utility beyond trading and long-term holding. Aven, founded in 2019, operates a machine-banking platform focused on asset-backed credit cards. Aven Visa credit cards are issued by Coastal Community Bank.
Startup founders should strategize for late-stage fundraises, like a $250 million Series D, from the start, according to founders and VCs. Aven CEO Sadi Khan emphasized planning for capital needs early, as Aven requires significant funding for growth. Building relationships with investors early is crucial, with Lila Preston of Generation Investment Management suggesting starting at least two years prior to needing capital. This approach helps align with suitable investors for future funding rounds.
SAN FRANCISCO - Aven, a pioneer in home equity - backed credit cards, today announced a $110 million Series E financing at a $2.2 billion post-money valuation - more than double its valuation from a year ago.
Aven, the pioneer in home equity–backed credit cards, today announced a $110 million Series E financing at a $2.2 billion post-money valuation — more than do...
Aven announced a $110 million Series E funding round at a $2.2 billion valuation, more than doubling its valuation from the previous year. The round was led by Khosla Ventures, with participation from General Catalyst, Caffeinated Capital, GIC, Electric Capital, and Founders Fund. This funding will help Aven accelerate the development of America's first full-service machine banking platform for homeowners.