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."
"The Avid team is fantastic! Even before they invested Avid's involvement led to customer introductions that helped move the needle in the early days when it's the hardest to get new business. Our other investors were super supportive of getting Avid involved in the A round as they knew Avid well and the value they would add to Balance. Since investing, Addie and Tali have made dozens more customer intros and helped us build KPI dashboards, and they have been a great sounding board, especially in our Series B fundraise. They are wonderful humans who we love spending time with, and they are most definitely disproportionately helpful partners."
"The Avid team was already rolling up their sleeves to work with us on strategic finance / FP&A before we even started negotiating how they would come onto the cap table. I wasn't planning to raise when they told me they wanted to invest, but getting Avid formally involved was a no-brainer. Avid has been one of our most impactful investors, including introducing us to a plumbing company in their network that ended up becoming our very first customer and design partner."
"I have enjoyed working with Addie since she first invested in Rapyd’s Series B when she was at General Catalyst. She has been instrumental to our growth from an early-stage company to our current position as a global industry leader. She can do ‘magic’ with spreadsheets and CFO-like data analysis, and has been an invaluable board observer for over five years. Avid can be worth an additional number of multipliers in a founder’s next round, and I strongly recommend any founder find a way to get Avid involved."
"We’ve been so impressed with Tali, Addie, and the Avid team. They've moved the needle for us in a meaningful way, helping with everything from recruiting world-class hires to sharing strategic insights that leveled up our operating model. They're in a league of their own, and we can't say enough positive things about working with them."
"I’ve had the pleasure of working with Addie and Tali since the very inception of Avid and at our prior company Nova Credit. They were the first investors we called about our idea — and they provided invaluable intel but also hustle to help us make this business a reality. They consistently give us real feedback and real help, on everything from cap table dynamics to hiring. We believe Avid is defining the modern operating model for VC and we are thrilled to get to partner with them!"
The New York-based firm has raised $87 million for its second fund, Fortune can exclusively report. This marks a jump from the firm’s first $72 million fund and brings Avid’s total capital raised from LPs to $165 million (that includes two SPVs for payments startup Rapyd).