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Venture Capital
avataar.vc

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Investments

14

Portfolio Exits

1

Funds

4

About Avataar Venture Partners

Avataar Capital Management is a growth stage venture capital firm focused on B2B SaaS companies.

Avataar Venture Partners Headquarter Location

67/1B, 4th Cross, Lavelle Rd

Bengaluru, 560001,

India

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Latest Avataar Venture Partners News

Sense Secures $16 Million in New Funding to Drive Talent Acquisition as Labor Market Rebounds

Jun 17, 2021

Sense Secures $16 Million in New Funding to Drive Talent Acquisition as Labor Market Rebounds Strong Industry Demand and Company Growth Attract Top Investors to Sense’s Solutions in Recruiting and Talent Acquisition SAN FRANCISCO, June 16, 2021-- Sense, the market leader in AI-driven talent engagement and communication platform solutions for recruiting, today announced $16 million in Series C funding. Bringing the total funding amount to $40 million to date, this latest round will accelerate innovation and development of the company’s AI-powered talent communication and engagement suite. Key investors in this round include Avataar Venture Partners with additional participation from previous investors including Accel and GV. “There's never been a more challenging time in the labor market than today,” explained Anil Dharni, CEO and Co-Founder of Sense. “Our mission to help companies find the right candidates, fast, is even more critical now during a time when nearly every industry is facing challenges around attracting candidates efficiently - from engagement to retention.” Sense offers a singular engagement platform powered by AI and machine learning. It enables personalized communication across the entire talent lifecycle at scale, and also automates manual tasks for recruiters. Through this personalized approach, Sense customers experience on average; a 263% increase in candidates screened compared to a manual approach, reduced time to fill by 30-81% and up to 800 hours of recruiter time saved. Since its inception, Sense has experienced significant growth and is currently servicing more than 400 customers across the globe including Amazon and Kelly Services. This past year Sense has doubled its revenue and employee headcount and continues to grow with the recent expansion of its new office in India. To support Sense India’s growth, Founding Partner of Avataar Venture Partners, Nishant Rao joined the Sense team as a Board Member, bringing his background of delivering value and scaling successful companies in consumer internet and enterprise software. He has been part of several unicorn growth journeys including Ariba, LinkedIn, Freshworks and most recently Zenoti and Zeta. “Based on my extended stint running LinkedIn in the region and thereby developing a great appreciation for HR tech, I’m really excited about the immense potential Sense holds,” explained Nishant Rao, Sense Board Member. “The macro-shift to contingent labor and gig economy has already grown 10x over the past decade and yet we’ve only just begun scratching the surface. I believe our investments in new products will allow Sense to go from a robust system of engagement to a truly distinctive network / platform play for the future.” About Sense Sense is the leading AI-powered talent engagement and communication platform for recruiting that enables talent acquisition teams to personalize their interactions with talent at every stage of the employment cycle. Founded in 2015 by serial entrepreneurs with deep expertise in staffing and software, Sense is an enterprise-ready solution that provides a system of engagement for TA and recruiting agencies. More than 400 customers and top staffing agencies across industries, including Kelly Services and Recruit, trust Sense. Its solutions are fully integrated with leading ATS platforms, which ensures consistency in data from one source to another. Sense ranks #1 on G2 in the Candidate Relationship Management Software category. Based in San Francisco, Sense has raised capital from Avataar Venture Partners, GV, Accel, Khosla Ventures, Signia Ventures, and IDG SF. About Avataar Venture Partners Avataar Venture Partners is India's first growth-stage operational fund—actively partnering with brilliant regional tech-led B2B and SaaS startups to re-invent, scale and transform them into successful, enduring global businesses. Founded in 2019 by two seasoned campaigners in the Indian tech and startup space, partners Mohan Kumar (who led Norwest Venture Partners in India) and Nishant Rao (former global COO of Freshworks and managing director of LinkedIn SE Asia) to form a top-notch partner team. They have also built out a global team of experienced senior executives as advisors to help their companies seamlessly scale. For further information, please visit www.avataar.vc. Contact:

Avataar Venture Partners Investments

14 Investments

Avataar Venture Partners has made 14 investments. Their latest investment was in Amagi Media Labs as part of their Series E on September 9, 2021.

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Avataar Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/10/2021

Series E

Amagi Media Labs

$100M

Yes

3

7/8/2021

Series B

CRMNext

$16M

No

1

6/16/2021

Series C

Sense Talent Labs

$16M

Yes

2

4/29/2021

Series D

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$99M

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10

12/15/2020

Series D

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$99M

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10

Date

9/10/2021

7/8/2021

6/16/2021

4/29/2021

12/15/2020

Round

Series E

Series B

Series C

Series D

Series D

Company

Amagi Media Labs

CRMNext

Sense Talent Labs

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Amount

$100M

$16M

$16M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

3

1

2

10

10

Avataar Venture Partners Portfolio Exits

1 Portfolio Exit

Avataar Venture Partners has 1 portfolio exit. Their latest portfolio exit was Manthan Software Services on January 19, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/19/2021

Merger

2

Date

1/19/2021

Exit

Merger

Companies

Valuation

Acquirer

Sources

2

Avataar Venture Partners Fund History

4 Fund Histories

Avataar Venture Partners has 4 funds, including Avataar Venture Partners Top-Up Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

2/24/2021

Avataar Venture Partners Top-Up Fund

$100M

2

9/23/2019

Avataar Venture Partners I

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$99M

10

Avataar Venture Partners Opportunities Fund

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$99M

10

Avataar Venture Partners

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$99M

10

Closing Date

2/24/2021

9/23/2019

Fund

Avataar Venture Partners Top-Up Fund

Avataar Venture Partners I

Avataar Venture Partners Opportunities Fund

Avataar Venture Partners

Fund Type

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Amount

$100M

$99M

$99M

$99M

Sources

2

10

10

10

Avataar Venture Partners Team

2 Team Members

Avataar Venture Partners has 2 team members, including current Founder, Managing Partner, Mohan Kumar.

Name

Work History

Title

Status

Mohan Kumar

Founder, Managing Partner

Current

Nishant Rao

Founding Partner

Current

Name

Mohan Kumar

Nishant Rao

Work History

Title

Founder, Managing Partner

Founding Partner

Status

Current

Current

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