Calculus, a leading provider of tax efficient investments, is today pleased to announce that it has sold its investment in Avvio Limited (‘Avvio’), returning 5.5x the original investment to its investors. The sale sees 100% of Calculus’ holding sold as part of the merger between Avvio and the US company SHR. SHR is a portfolio company of Serent Capital (‘Serent’), a private equity firm that invests in enterprise software and tech-enabled services companies.
Avvio is a B2B SaaS company operating in the travel technology industry. Avvio launched the world’s first AI powered booking engine, allora.ai, which is today used by over 500 hotels around the world. The allora.ai engine allows for…