Profile
Avatech is a venture capital firm based in Tehran, operating as part of the Sharif University of Technology's innovation ecosystem. They focus on developing nascent startups by providing both capital and strategic guidance. The firm is embedded within a dynamic institutional setting that fosters innovation and growth opportunities for budding entrepreneurs and tech-focused ventures in Iran. Their team is known for their expertise and network connectivities within the Iranian tech ecosystem.
Avatech invests primarily in technology-driven sectors, including Information Technology, Internet of Things (IoT), SaaS, and AI. They support portfolio companies from the late-stage VC phase after the initial sales phase to those ready for major growth leaps. Investment sizes typically range from $0-1 million. The firm is particularly interested in businesses that bridge advanced tech with practical applications, thus supporting sustainable tech development.
Notable portfolio companies of Avatech include Shab.ir - a short-term rental platform, Alborzzagros - a pharmaceutical manufacturer, and Takhfifan.com - a group buying and discount service. Other investments like Drdr - an online medical appointment system, and Chilivery - an online food ordering service, illustrate their wide-ranging tech interests across the Iranian market.
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