Avanti Software develops a purpose-built payroll, HR, and workforce management (HCM) platform for the Canadian mid-market. The platform, built organically from the ground up, includes payroll & benefits, people management, workforce management, and talent acquisition modules that share a single database for reporting and data control. Avanti is completing a transformation from on-premise software to a cloud HCM solution and aims to have all clients on its cloud by the end of the year. The company plans to expand its engineering and product teams to accelerate cloud development and deliver product enhancements tailored to Canadian businesses. Avanti reported nearly 250% growth in ARR to more than $10 million in 2021, has a 95% client satisfaction rating, and counts customers such as Home Hardware, Princess Auto, and Porter Airlines. Headquartered in Calgary and founded in 1980, the company has grown its Canada-based workforce to 110 employees since the 2016 acquisition and expects to reach 130 by the end of 2022 and 180 within three years.

Total raised

$25M

Funding rounds

2

Latest round

Equity

Latest activity

Feb 2022