Wednesday, March 21, 2018

Avalon Ventures Backs Averon For Mobile Identity Verification

La Jolla-based venture investor Avalon Ventures is the lead investor in a round for San Francisco-based Averon, a developer of mobile identity verification software. Averon said today that it has raised $5M in a Series A1 funding round. The funding was led by Avalon Ventures, and also included Salesforce founder and CEO Marc Benioff. Averon says it has now raised $13.3M in total. Averon says it uses mobile network signaling and hardware in smartphones for its mobile identity software. Avalon Ventures' investment was managed by Brady Bohrmann. More information »