Monday, January 6, 2020

Avii Finds New Funding

Lehi, Utah-based Avii, the Silicon Slopes startup developing tax, audit, advisory, and compliance management software for accounting firms, said on Monday that it has received new funding from Blue Diamond Capital. Blue Diamond Capital is based in Provo. Size of the new funding round was not announced, however, Avii says the new funding joins more than $2.5M the company has raised from internal funding from operational profit. The company said it will use the new funds to accelerate hiring of key marketing, sales and software development positions. Avii's flagship softare is Avii Workspace, which it says provides accounting firms of all sizes with technology automation and other advantages formerly enjoyed only by the Big 4. Avii is headed by co-founder and CEO Lyle Ball.