Helping early stage startups become proven growth businesses
"Working with Addie is like working with a fellow entrepreneur. She will do whatever it takes to get the best outcome. We spent a lot of time and energy clearing room for Avid in our raise because of how deeply impressed we were ahead of and during our process. We view Addie as a team member, and it’s clear that she contributes beyond her responsibilities as a shareholder. From valuable customer introductions to being a second set of eyes on our financial projections, Avid has not shied away from the real work of building a company."
"It's rare to find an investor who creates so many surface areas for collaboration — and who delivers against all of them. The Avid team has acted as an extended business development arm of the company: identifying potential partners, connecting us through warm intros, and getting us broader exposure. Looking within, the Avid team has been an operational machine: helping us build out our financial plans and KPIs, and supporting as a recruiting machine. In a world of so many new funds, we are confident that Avid is here to stay."
"We got to know Addie and Avid ahead of our Seed raise. Even though we were too early for Avid at that time, the team actively leaned in and provided coaching, introductions, and feedback. We were therefore excited to invite Avid to participate in an oversubscribed inside round ahead of our Series A. Now, Avid continues to roll up their sleeves and make numerous connections to fellow entrepreneurs, investors, and customers. We are thrilled with this relationship, and we believe in Avid so much that we became investors in Avid Fund I!"
Immigrant banking platform Majority secures $20M following 3x revenue growthOver the past year, the company grew its revenue three times while the number of users doubled. In April, Majority reached $40 million in annual recurring revenue and $200 million monthly in new deposits, Larsson said. Overall, transaction volume grew five times, while remittances grew four times in 2023. The round was led by fintech founders including Klarna co-founder Victor Jacobsson and Swedish serial entrepreneur Hjalmar Winbladh. Valar Ventures, Heartcore Capital and another existing investor Avid Ventures are back to participate, and Zettle co-founders Magnus Nilsson and Jacob de Geer also participated.
