About Aavenir
Contracts carry the value. We make sure it arrives.
Aavenir builds enterprise contract intelligence: AI that reads every agreement you sign and acts on its terms, native on ServiceNow and available standalone. Founded in 2019 and backed by Accel, we help procurement, legal, IT, finance, and sales teams keep the value they negotiate.
Our customers
Procurement, legal, IT, finance, and sales teams run their contracts on Aavenir.
Definition
What is Aavenir?
Aavenir is an enterprise software company that builds contract intelligence: AI that reads every agreement an enterprise has signed, understands what each one says, owes and is owed, and acts on it across contracts, sourcing, onboarding, obligations and invoices on one record, native on ServiceNow and also deployed standalone.
Customers in healthcare, financial services, manufacturing, education and energy use it, on ServiceNow and off it. The Aavenir Intelligence Platform powers every product with AI review, extraction, compliance screening and obligation tracking.
- Founded in 2019 by Jesal Mehta, who leads the company as CEO
- Contractflow has been on the ServiceNow Store since 2019
- Five apps for contracts, obligations, sourcing, onboarding and invoices, plus Atlas for portfolio intelligence in early access
- Backed by Accel
- SOC 2 Type II compliant, ISO/IEC 27001:2022 certified in the USA and India
Our story
Founded in 2019 to stop contracts leaking value.
Jesal Mehta started Aavenir after more than two decades of watching enterprises struggle with their contracts. The value rarely vanished in one go. It leaked away, in his words, "one missed deadline, one buried obligation, and one disconnected system at a time."
His answer was to put the contract inside the system where requests, approvals and payments already ran. The first product, Contractflow, was built natively on ServiceNow. Every app since has shared the same record, so each step starts from the data the last one created.
What we built
One product at a time, on one contract record
- 2019 Contractflow. AI contract lifecycle management built natively on ServiceNow, from request and drafting through review, signature and renewal. See Contractflow.
- Second Obligationflow. Post signature obligations, assigned to owners and tracked with evidence. See Obligationflow.
- Third RFPflow. RFIs, RFPs and RFQs on one record, with AI bid scoring and an award that drafts the contract. See RFPflow.
- Fourth Onboardingflow. Supplier registration to activation, with documents verified and risk checked before a vendor goes live. See Onboardingflow.
- Fifth Invoiceflow. Accounts payable automation that checks every invoice against the PO, the receipt and the signed contract. See Invoiceflow.
- Platform Aavenir Intelligence Platform. The AI layer under every app: review against playbooks, extraction, compliance screening, obligation tracking and real time insights. See the platform.
- Now Aavenir Atlas. AI contract intelligence that answers questions across a whole contract portfolio. Early access is open. See Atlas.
What we believe
Three convictions behind every product.
Software belongs where the work runs.
Many enterprises already run requests, approvals and payments in ServiceNow, so our apps run inside it. Teams on other systems get the same suite standalone.
AI proposes. People decide.
Avy, our AI, drafts reviews, scores bids and flags risk as decision support: the next best question to ask, the next best action to take. A person approves every result.
Signature is the start, not the finish.
Value is won or lost after signing. WorldCC puts the average loss at almost 9% of contract value, against about 3% for the best performers (WorldCC, 2025).
Team
A leadership team across product, technology and customers.
Jesal Mehta leads Aavenir as Founder and CEO, with Gaurang Soni as Chief Technology Officer, Sunil Masand as SVP and Head of Product, Megha Paradkar as VP of Customer Engagement and Sneha Sata as Director of HR and Operations.
The wider team spans product, engineering, customer engagement and operations, across continents and cultures.
Meet the leadership teamLeadership team
Who leads Aavenir.
Jesal Mehta Founder and CEO
Gaurang Soni Chief Technology Officer
Sunil Masand SVP and Head of Product
Megha Paradkar VP of Customer Engagement
Sneha Sata Director of HR and OperationsBackers and certifications
Funded by Accel. Audited for security.
Backed by Accel
Aavenir is backed by Accel, the global venture capital firm that invests in early and growth stage technology companies.
SOC 2 Type II
An independent audit of the controls for security, availability, confidentiality, integrity and privacy.
Read the announcementISO/IEC 27001:2022
Certified for information security management in the USA and India.
Read the announcementAccolades
Recognized by procurement and legal tech judges.
ProcureTech100
Named among the pioneering digital procurement solutions of 2025/26 by Art of Procurement.
Read the announcementTop Tech Startup
Named a 2023 Top Tech Startup by Supply and Demand Chain Executive.
Read the announcementCustomer ratings
What buyers say on independent review sites.
Inside Aavenir
The office, and the days we stop to celebrate.
Product reviews in the meeting room, heads down at the desks, and the days the whole team gets together.
Next step
Build what comes next with us.
See how we work and who we hire, or talk to the team about partnerships, press or anything else.
See CareersWatch
Aavenir, in its own words.
37:20
15:50Frequently asked questions (FAQ)
Common questions
When was Aavenir founded?
Aavenir was founded in 2019 by Jesal Mehta, who leads the company as Founder and CEO. Its first product, Contractflow, went on the ServiceNow Store the same year, and the suite has since grown to cover obligations, sourcing, onboarding and invoices. Meet the leadership team.
Who backs Aavenir?
Aavenir is backed by Accel. Alongside that backing, the company holds SOC 2 Type II compliance and ISO/IEC 27001:2022 certification in the USA and India, which matters to the procurement and security teams that assess software vendors. Read about our security program.
Does Aavenir only work with ServiceNow?
No. Aavenir started on ServiceNow and its apps run natively inside a ServiceNow instance, but companies that do not run ServiceNow get the same suite standalone, with the same AI, workflows and integrations. Compare deployment options.
What industries does Aavenir serve?
Customers include healthcare, financial services, manufacturing, education and energy organizations, among others. Published results include the State of Utah, Thrive Networks, a Southeast Asian bank and a global mining company. Read customer stories.
Have a question we have not answered? Ask the Expert
Schedule a demo
See your contracts run on one record.
- 1 A 30 minute walkthrough Built around your team, whether that is procurement, legal, IT or finance.
- 2 Your contracts, not ours Bring a few sample agreements and watch Aavenir AI extract and review them.
- 3 ServiceNow or standalone We show the deployment that fits the systems you already run.
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