Avid Ventures

Avid Ventures is an early-stage venture capital firm based in New York, founded in 2020 by Adrienne Lerner. The firm specializes in investing in Series A and B companies within the consumer internet, fintech, and software sectors. Avid Ventures focuses on supporting exceptional founders who are creating transformative businesses in North America, Europe, and Israel. By concentrating on these areas, the firm aims to drive innovation and growth in key industries.

Addie Lerner

Founder & Managing Partner

18 past transactions

Nava

Series B in 2022
Nava is a New York-based company that specializes in health insurance brokerage services aimed at delivering high-quality, affordable healthcare solutions to employers and their employees. The firm provides a range of healthcare tools, year-round employee advocacy, and continuous measurement to assess and recommend healthcare plans. By focusing on these aspects, Nava helps clients manage their employee benefits effectively while reducing overall plan costs. This approach allows businesses to offer the necessary benefits to their workforce, ensuring both accessibility and affordability in healthcare coverage.

Pento

Series B in 2021
Pento ApS operates an online platform that provides human resources and payroll services tailored for European companies. Founded in 2016 and based in Aarhus, Denmark, Pento offers a suite of tools, including Pento Autopilot, which assists users in managing holiday data, expense tracking, and time registrations, alongside Pento Payroll, a comprehensive payroll system designed for modern businesses. The platform aims to automate payroll processes, enabling small and medium-sized enterprises to efficiently handle salary processing and tax compliance. It also features user-friendly access for employees to view their pay history and personal pay-related information, making it a valuable resource for bookkeepers, audit firms, and outsourcing agencies.

MAJORITY

Series A in 2021
MAJORITY is a digital financial service aimed at serving migrants worldwide, offering a comprehensive membership for $5 a month. Members in the U.S. benefit from an FDIC-secured account, a VISA debit card, and access to over 55,000 ATMs across North America. The platform provides essential services such as remittances, international calling, and mobile top-ups, along with support from native language advisors. MAJORITY also fosters community engagement through meet-up spaces, local discounts, and events, ensuring that there are no overdraft fees or minimum balance requirements. Founded in Sweden by a diverse team with extensive experience in banking, fintech, payments, and telecom, MAJORITY has its U.S. headquarters in Houston, Texas, and focuses on addressing the unique financial needs of immigrant communities.

Alloy

Series C in 2021
Alloy engages in helping financial institutions and fintech companies solve identity and compliance problems.

Elopage

Series A in 2021
Elopage is a software-as-a-service platform that enables entrepreneurs to establish, sell, and expand their businesses centered around digital products, online courses, and e-tickets. It functions as both a payment provider and a content delivery service, offering a comprehensive suite of tools designed to automate the sales process. The platform includes features such as automatic billing, automated email notifications, product hosting, and various templates, which assist clients in creating and managing their digital offerings effectively. By providing a flexible and user-friendly interface, Elopage supports users in optimizing their digital sales strategies and enhancing their overall business growth.

Balance

Series A in 2021
Balance offers a digital payments platform designed to make B2B online purchasing streamlined and friction-free. Powered by its Machine Learning engine of real-time authentication and financial risk assessment, Balance empowers merchants to offer complete flexibility in how and when their buyers pay. By doing so, Balance enables the explosive growth of B2B E-commerce.

Oyster™

Series B in 2021
Oyster is a software-based employment platform designed to fix the broken international hiring model. It enables users to hire globally, make payroll, and give great local benefits to their distributed team around the world. The company was founded in 2019 with a mission to remove the barriers between talented people and great full-time jobs on a global scale. Oyster believes it should be easy for any company to hire any person, no matter where either is located in the world.

MAJORITY

Seed Round in 2021
MAJORITY is a digital financial service aimed at serving migrants worldwide, offering a comprehensive membership for $5 a month. Members in the U.S. benefit from an FDIC-secured account, a VISA debit card, and access to over 55,000 ATMs across North America. The platform provides essential services such as remittances, international calling, and mobile top-ups, along with support from native language advisors. MAJORITY also fosters community engagement through meet-up spaces, local discounts, and events, ensuring that there are no overdraft fees or minimum balance requirements. Founded in Sweden by a diverse team with extensive experience in banking, fintech, payments, and telecom, MAJORITY has its U.S. headquarters in Houston, Texas, and focuses on addressing the unique financial needs of immigrant communities.

Clara

Series A in 2021
We started Clara to help individuals and families finance their lives in a more efficient, transparent, and empowered way. We started with one of life’s most important financial decisions -- a home. We are building technology to reduce the time and cost it takes to originate a mortgage and creating a more personalized, clear experience for our customers.

Clara

Series A in 2021
We started Clara to help individuals and families finance their lives in a more efficient, transparent, and empowered way. We started with one of life’s most important financial decisions -- a home. We are building technology to reduce the time and cost it takes to originate a mortgage and creating a more personalized, clear experience for our customers.

WEBBOXES

Venture Round in 2021
Staircase works towards bringing the best of modern platform technology and human-centered design to the US mortgage market as it undergoes an inevitable restructuring of its technical architecture and the corresponding unlocking of product and service innovation potential.

Lockstep

Series A in 2021
Lockstep Network, Inc. is a Seattle-based company that specializes in accounts receivable and payable management software for businesses. Founded in 2019, Lockstep aims to enhance the efficiency of accounting teams by transforming traditional methods of maintaining financial records. Currently, many accounting teams rely on manual processes, such as transcribing information from paper documents and emails into their accounting systems, which can be slow and prone to errors. Lockstep addresses these challenges by creating trusted connections between accounting systems, allowing for more accurate and timely financial management. By streamlining these processes, Lockstep improves cash flow and enables accounting staff to concentrate on higher-value tasks, ultimately re-imagining how accounting teams operate.

Nava

Venture Round in 2020
Nava is a New York-based company that specializes in health insurance brokerage services aimed at delivering high-quality, affordable healthcare solutions to employers and their employees. The firm provides a range of healthcare tools, year-round employee advocacy, and continuous measurement to assess and recommend healthcare plans. By focusing on these aspects, Nava helps clients manage their employee benefits effectively while reducing overall plan costs. This approach allows businesses to offer the necessary benefits to their workforce, ensuring both accessibility and affordability in healthcare coverage.

Alloy

Series B in 2020
Alloy engages in helping financial institutions and fintech companies solve identity and compliance problems.

Nova Credit

Series B in 2020
Nova Credit Inc. is a credit reporting agency based in San Francisco, California, that specializes in assisting immigrant consumers. Founded in 2016, the company provides a unique service by translating international credit scores into U.S.-equivalent credit scores. This innovation allows newcomers to access credit in the United States, enabling them to apply for credit cards, loans, and housing without the need to establish a U.S. credit score from the ground up. Nova Credit aims to create a more inclusive financial landscape by facilitating cross-border credit reporting, thereby helping immigrants navigate their financial needs more effectively.

WEBBOXES

Seed Round in 2020
Staircase works towards bringing the best of modern platform technology and human-centered design to the US mortgage market as it undergoes an inevitable restructuring of its technical architecture and the corresponding unlocking of product and service innovation potential.