Avochato Announces $5 Million in Series A Funding Led by Amity Ventures

SAN FRANCISCO–(BUSINESS WIRE)–Business communications software firm Avochato announced today that it
raised $5 million in Series A funding led by Amity Ventures with
participation from return backer XSeed Capital, Michael Stoppelman
(former Yelp executive), and Jonathan Swanson (Thumbtack Co-founder and
President). Avochato, which provides a mobile messaging platform for
customer relationship management (CRM), scaled to hundreds of customers
and seven-figure revenue within one year and with only five employees.

The funding signals Avochato’s strong early traction and a growing need
for more advanced and streamlined messaging solutions as businesses
respond to shifts in communication behaviors. With consumer
communication trends rapidly evolving toward messaging applications,
customers are demanding faster and higher-quality engagement experiences
that businesses cannot accommodate solely over phone and email.

“Our priority is to help businesses embrace the shift to messaging as a
primary form of communication,” said Alex De Simone, Avochato’s CEO and
Co-founder. “We’re excited for this next phase of growth as we continue
to provide the best technology for businesses to succeed in the
transition.”

Avochato will use the investment to scale its sales team further and add
more robust features for enterprise companies to deliver seamless
communication experiences across Avochato customers’ sales, support, and
operations teams. With Avochato, businesses can accelerate revenue
growth and improve agents’ response times beyond what’s achievable via
phone calls or email. Avochato’s solution allows businesses to provide a
superior customer experience, which increases engagement and, in turn,
sales conversions.

“Engaging consumers via text and messaging applications drives both
faster and higher quality resolutions to customer inquiries,” said CJ
Reim, Managing Partner at Amity Ventures. “We are excited to partner
with the Avochato team as they build the next generation of business
communication tools.” As part of the investment, Reim will join
Avochato’s board.

Avochato’s messaging platform allows businesses to interact directly
with their customers without requiring them to download any software or
even have a smartphone. Businesses can transfer their own number to
Avochato or be provided with a unique phone number or set of phone
numbers (“Avochato Numbers”) that prospects, current customers, or staff
can send text messages to. When someone texts an Avochato number, the
message arrives in a shared inbox where Avochato users and their team
can review, prioritize and respond in a coordinated way, whether at a
desk or on the go.

About Avochato

Avochato is a software company providing a messaging communication
platform for sales, support and operations teams. Through reliable,
easy-to-use text messaging software, Avochato enables companies of all
kinds to communicate with staff, customers and prospects seamlessly.
Launched in 2017 by Alex De Simone and Christopher Neale, the company is
headquartered in San Francisco, Calif. and has raised $6 million in
total funding to date. The company’s investors include Amity Ventures,
XSeed Capital, Burst Capital, Base Ventures, Michael Stoppelman (former
Yelp executive), Jonathan Swanson (Thumbtack Co-founder and President),
Jake Zeller (AngelList Partner), Walt Weissman (TradeLink LLC Chairman),
Mike Ghaffary (former Eat24 CEO), Sarah Kunst (Cleo Capital Managing
Director), and Vijay Pandurangan (former Twitter Director of
Engineering). Key partners include Salesforce and Google. Avochato
integrates with thousands of platforms via Zapier and features custom
integrations with Salesforce, Microsoft Office, and Slack. For more
information, visit: https://www.avochato.com/

Contacts

Shelby Corradino
shelby@tablepr.co