Avnio, a London, UK-based sales automation startup has exited stealth mode with a £3 million seed investment led by early-stage VC firm Felicis Ventures.

Avnio will use the investment to fuel its expansion to the US and for the product development of its sales and marketing software.

Company: Avnio Ltd.

Raised: £3.0M

Round: Seed Round

Funding Month: March 2022

Lead Investors: Felicis Ventures

Additional Investors: 

Company Website: https://www.avnio.com/

Software Category: AI-powered solutions for RFP Automation and PreSales Operations

About the Company: Founded in 2020 by Tobias Dawes, Avnio provides AI-powered solutions for RFP Automation and PreSales Operations. The startup’s software solutions are integrated into the Salesforce platform and combine artificial intelligence and distributed workflows. It aims to automate manual sales tasks from the request for proposal stage through the “entire business workflow”. Avnio currently employs more than 30 people across the UK and India. The company says its annual recurring revenue has increased by 14x and its customers have grown sevenfold.

Source: https://www.uktech.news/ai/avnio-seed-funding-20220324