Avii secures its first external funding to grow its unified SaaS platform for tax, audit, advisory, management consulting and compliance
Every day, we write stories of startups raising new funding from angel investors and venture capital firms. In some cases, we write stories of bootstrapped startups that grow their business into millions of dollars without outside funding. One of these startups is Utah-based Avii and a provider of unified SaaS platform for tax, audit, advisory, compliance and management consulting organizations. Since founded in 2016, the debt-free Avii has self-funded more than $2.5 to build and establish its unified cloud automation and workflow solution.
Today, Avii announced it has taken in its first external investment to accelerate hiring of key marketing, sales and software development positions to support the company’s rapid growth during 2020. The new capital infusion was led by Blue Diamond Capital. The amount and terms of the agreement were not disclosed.
Co-founded in 2016 by CEO Lyle Ball, Avii provides tax, audit, advisory, management consulting and compliance organizations with an integrated suite of most-required practice management software solutions. Avii Workspace is the first true SaaS Hub™, giving consultants and clients a single portal and a unified workspace for the functions that drive consistent workflow, business intelligence and communication to propel business success. Avii also provides accounting firms, software developers and VARs an Avii API and custom app development services.
Avii has a 19-year legacy of custom software development for several of the world’s largest accounting firms, including KPMG, and has powered audits and other accounting initiatives for Federal funds that pass through key national and state government organizations. Avii Workspace™ provides firms of all sizes with technology automation and other advantages formerly enjoyed only by the Big 4. Avii Workspace is especially geared to the vast market of more than 10,000 accounting practices that employ 20 or fewer Certified Public Accountants (CPA) and are most severely underserved by traditional accounting software offerings.
“Instead of a single point solution, we provide more than 20 software tools and solution sets in Avii Workspace that extend, interconnect or replace the deficiencies of existing accounting software systems across tax, audit and advisory practices of all sizes,” said Avii Co-Founder and CEO Lyle Ball. “Our investors and customers note that no other accounting software company has transformed multiple decades of institutional knowledge and a market-leading customer base into a vibrant, unified practice management platform at the level Avii has achieved.”