JLL Spark, the corporate venturing arm of real estate services provider JLL, has taken part in a $45m series B round for US-based amenity and delivery services provider Avo, the latter revealed on Wednesday.
The round was led by private equity and venture capital firm Insight Partners and also featured VC firm Kleiner Perkins. The company said it has raised $84m of funding since it was founded in 2017.
Avo provides a range of amenity and delivery services for businesses, as well as commercial and residential real estate operators in the US and Israel. Its offering includes same-day grocery delivery services, event programming and gifting services.
The proceeds of the series B round will enable the company to expand its operations across 10 major markets over the next 12 months.
Dekel Valtzer, co-founder and chief executive of Avo, said: “We are thrilled that this new investment will allow us to deliver delight to so many more commercial and residential communities across the country.”
Details of Avo’s earlier funding could not be confirmed but JLL Spark and Kleiner Perkins were described as existing investors in the series B announcement. The company had graduated from the Y Combinator’s accelerator programme in 2018.