£500,000 EIS qualifyingUse of funds:
- Improve organic reach
- Build a global reseller network
- Development of product
- Strengthen marketing capability
Avanite’s software enables sysadmins to significantly reduce the size of user web-data cache whilst maintaining the data essential for personalisation. This reduces the web-data footprint by over 60%, facilitating significant data cost savings for cloud infrastructure deployments and a much-improved personalised user experience.
Avanite was co-founded by Peter Jones, a former Citrix architect at AppSense. On completion of our investment Keith Turnbull, a former Chief Development Officer at AppSense and Angel Investor joined as Chairman of the board.
DSW Ventures invested £500,000 of EIS compliant seed capital in March 2018 to fund the development of both direct sales and reseller channels and fund further development of Avanite’s ground-breaking product.