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§ Private Profile · Petaling Jaya, Selangor, Malaysia
Private alternative lending & investment for small businesses, entrepreneurs, investors, supporting socially-driven capital.
AVANA is a social commerce platform based in Kuala Lumpur, Malaysia, that enables micro, small, and medium enterprises to automate and manage their sales across various social media and digital channels. The technology company operates a business-to-business software-as-a-service model, providing an all-in-one dashboard equipped with tools for inventory management, payment gateway processing, and comprehensive logistics integration. To date, the platform has successfully served over 100,000 independent merchants across Southeast Asian markets and has secured over $2 million in disclosed venture funding. The enterprise is backed by several notable institutional investors, including Gobi Partners, Cradle Seed Ventures, and the Axiata Digital Innovation Fund. The system integrates directly with major communication networks like WhatsApp to facilitate automated purchases, streamlined customer service operations, and direct payment links. AVANA was founded in 2016 by Luqman Adris and Yienyee Soh.
AVANA has raised $1.5M across 2 funding rounds.
AVANA has raised $1.5M in total across 2 funding rounds.
AVANA has raised $1.5M in total across 2 funding rounds.
AVANA's investors include Thomas G. Tsao, Captii Ventures, Cradle Seed Ventures.
AVANA has raised $1.5M across 2 funding rounds. Most recently, it raised $1.0M Pre-Series A in March 2018.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 22, 2018 | $1M Seed Plus | Thomas G. Tsao | — | Announced |
| Aug 12, 2016 | $500K Venture Round | Captii Ventures, Cradle Seed Ventures | — | Announced |