Finding the right investors during the Series A and Series B funding stages can be difficult for many new, emerging businesses. However, this women-led investment firm is taking a conscious approach to funding startups through “flexible check sizes and no strict ownership targets.” Meet Avid Ventures, a venture capital firm for early-stage Fintech, consumer internet, and software companies.
Avid Ventures launched in 2020, taking a unique approach to investing through relationship-building. As a flexible, founder-friendly and co-investor friendly company, Avid Ventures believes that investing in a founder’s startup “is a privilege to be earned,” and has built their business model around collaboration and alignment. Founder Addie Lerner’s prior experience as an early-stage and growth investor at Goldman Sachs, General Catalyst and General Atlantic provided her with the perfect background for creating a hands-on approach to investing in early-stage startups. By making small initial investments while providing strategic financial support, Avid Ventures has established its presence in the North American, European, and Israeli markets.
As a relationship-driven bank, Atlantic Capital was the go-to banking solution for Avid. Through their new partnership, Atlantic Capital provided a Capital Call Line of Credit that enabled Avid to make investments in a nimble way outside of the firm’s quarterly capital call schedule. “Paul, John, Chris, Blair, Glenna and the entire Atlantic Capital Bank team made me feel from day one that they truly cared about the success of Avid Ventures and were excited to build a long-term relationship with me and the firm,” says Lerner. “They were extremely flexible and accommodating for some of our unique needs, and found ways to be helpful to us and our portfolio companies early on in the relationship. It’s been a pleasure to work with them.”
“Our relationship with Avid is one we can really be proud of,” says Paul Connors, Relationship Manager at Atlantic Capital. “The way we were able to connect with an emerging talent like Addie, understand her unique situation and close the line in a short timeframe – that’s the standard we want to set for our team. In addition, being able to work with the Fintech and Treasury Services teams to demonstrate the different layers of service Atlantic Capital can bring to Avid is a testament to our own teamwork here at the bank.”
Avid Ventures is more than just an investor for early-stage businesses – they are a strategic advisor looking to create relationships that sustain far beyond the initial investment conversation. With a focus of helping startup founders scale their business ideas, Avid Ventures is set to become the one of the industry’s leading investment firms for early-stage startups.
To learn more about Avid Ventures, visit their website.
Are you interested in learning how Atlantic Capital can help fund your business idea? Click here.