San Francisco-based business communications company Avochato announced it raised $5 million in Series A funding led by Amity Ventures. XSeed Capital, Michael Stoppelman, and Jonathan Swanson also participated in this round. In conjunction with this round of funding, Amity Ventures managing partner CJ Reim will be joining Avochato’s board of directors.
Photo Credit: Avochato
Avochato is essentially a mobile messaging platform for customer relationship management (CRM) that is used by hundreds of customers and hit seven-figure revenue within a year with only five employees.
This funding round validates Avochato’s early traction and the increase in the needs for more advanced and streamlined messaging solutions. And as consumer communication trends are rapidly evolving toward messaging applications, customers are demanding faster and higher quality engagement solutions that businesses are unable to provide solely through phone calls and emails. By using Avochato, businesses are able to accelerate revenue growth and improve agent response times.
“Our priority is to help businesses embrace the shift to messaging as a primary form of communication,” said Avochato CEO and co-founder Alex De Simone in a statement. “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 plans to use this funding round to scale its sales teams and integrate more robust features for enterprise companies to provide seamless communication experiences across Avochato customers’ sales, support, and operations teams. Founded by Alex De Simone and Christopher Neale in 2017, Avochato has raised $6 million in total funding thus far.
“Engaging consumers via text and messaging applications drives both faster and higher quality resolutions to customer inquiries,” added Reim. “We are excited to partner with the Avochato team as they build the next generation of business communication tools.”