Avenews
Financial Management Platform for Agribusiness
Startup Seed Fintech & Insurtech Est. 2017
Total Raised
$3.6M
Seed
Last Round
$3M
2 rounds
Investors
3
3 public
Team
4
11-50 employees
Confidence
100/100
News
9
articles
About
Avenews developed a digital agribusiness management platform that creates an infrastructure for financial institutions to provide services to their agribusiness customers who operate across supply chains in emerging markets. On one hand, the platform enables agribusinesses to manage all their business and trade operations in one place including inventory, invoices, orders, and payments. On the other hand, the platform operates as a digital infrastructure that enables financial institutions to access agribusiness data that previously was out of reach, reduce risk, and distribute financial services to agribusinesses across the supply chain directly on the platform. Every interaction on the platform is stored in a verified and vetted asset on the Avenews blockchain, creating a digital economic identity for every agribusiness across the supply chain. Avenews is already working with Africa's largest banking groups to bridge their gaps with the agricultural industry and finance their agricultural business customers across the continent.
Classification
Sector
Agriculture & Food TechnologiesAg TechFood TechFood Trade & ServicesFintech & InsurtechMoney Transfer & Management
Core Technology
Platforms & InterfacesSoftware
Target Customer
Financial ServicesFinancial InstitutionsFood Retail & ConsumptionWholesale
Business Model
B2B
Tags
retailersmanagement-solutionsfarmerssmallholder-farmsshippingbankspostharvestfinancial-institutionssupply-chainecommerceagtechfarm-to-consumerfood-and-beveragelogisticsblockchainagribusiness
Funding & Events
Sep 2017
Pre-Seed $600K
Encovox, Barclays Accelerator
Jan 2021
Seed $3M
XT Venture Capital
News (9)
Feb 22, 2021 ยท www.businesswire.com
Fintech Startup Avenews-GT Announces $3 Million Fund Raise From Global Holding Group
Jan 19, 2021 ยท www.geektime.co.il
growth-positive
ื”ืงื™ื‘ื•ืฆื ื™ืงื™ื ืฉื”ืงื™ืžื• "ืืžื–ื•ืŸ ืœืคื™ืจื•ืช ื•ื™ืจืงื•ืช" ืžื’ื™ื™ืกื™ื 3 ืžื™ืœื™ื•ืŸ ื“ื•ืœืจ
InvestmentExpand
Jan 18, 2020 ยท www.geektime.co.il
growth-positive
ื”ืื ื“ื•ื•ืงื ืกื˜ืืจื˜ืืค ื™ืฉืจืืœื™ ื™ืฆืœื™ื— ืœื”ื•ืจื™ื“ ืืช ืžื—ื™ืจื™ ื”ื™ืจืงื•ืช ื•ื”ืคื™ืจื•ืช ื‘ื™ืฉืจืืœ?
CustomersPartnersInvestmentExpand
Jan 1, 2020 ยท advertisementfeature.cnn.com
growth-positive
Israel: Realizing Hope
CustomersPartnersInvestment
Oct 23, 2019 ยท www.disruptordaily.com
Blockchain In Agriculture Use Case #3: Avenews-GT - Disruptor Daily
Sep 6, 2019 ยท www.themarker.com
growth-positive
40/40 ื”ืฆืขื™ืจื™ื ื”ืžื‘ื˜ื™ื—ื™ื ืฉืœ ืžื’ื–ื™ืŸ TheMarker
PartnersExpand
Nov 6, 2018 ยท www.calcalistech.com
growth-positive
Israeli Pitch Dark Startup Contest Winner Gets Spot in the Limelight
CustomersPartners
Nov 5, 2018 ยท nocamels.com
growth-positive
Pitch Black: Israeli Agritech Venture Nabs 'Dark' Startup Competition Prize
Partners
Jul 29, 2018 ยท www.farmersweekly.co.za
growth-positive
Blockchain: the future of agricultural trade
Customers
Details
Product Stage
Released
Employees
11-50
Exact Count
31
District
Center District
Founded
2017
Registrar
515636520
Crunchbase
avenews-gt
Locations
Yehuda ha-Levi Street 48, Tel Aviv-Yafo, Israel
Links
Website
LinkedIn
Twitter
Facebook
Admin
Last Update
Nov 14, 2024
Verified by
Jenny Sotnik-Talisman
Claimed
Yes
Missing
markets
Team (4)
Shalom Ben Or
Co-founder & CEO
Founder
Ishai Ben Or
Co-founder & CIPO
Founder
Ismail Kharoub
Co-founder & CTO
Founder
Nimrod Dahan
Co-founder (No longer with the company)
Founder
Internal
Created by
Yanina Wainscheinker (yanina.wain@gmail.com)
Created
2017-03-31T00:00:00.000Z
Last editor
Yanina Wainscheinker (yanina.wain@gmail.com)