Amount Raised
$250 Million
Round Type
Funding Round
ChicagoInformation TechnologyFinancial ServicesMobileCommerce And ShoppingArtificial IntelligenceLending And InvestmentsInvestors
Description
Avant, LLC, a credit-first financial technology company* that provides access to innovative financial solutions to underserved non-prime consumers (“Avant”), today announced it secured $250 million of corporate debt and redeemable preferred equity from Ares Management Alternative Credit funds (“Ares”).
Quick answer
Avant raised $250 Million in a Funding Round round, dated December 7, 2022. Investors: Ares Management Alternative Credit. Avant is based in Chicago, Illinois, United States.
- How much did Avant raise?
- Avant raised $250 Million in a Funding Round round on December 7, 2022.
- Who invested in Avant?
- Ares Management Alternative Credit is named as investors in this round.
- What does Avant do?
- Avant is dedicated to building premier digital banking solutions for the middle class through a combination of technology, analytics and superior customer service.
- Where is Avant based and how big is it?
- Avant is based in Chicago, Illinois, United States. Fundz records about 980 employees.
- Who are the decision-makers at Avant?
- Fundz holds 1 contact at Avant, including the Co-Founder, Chairman & CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Financial Services and Mobile around the same time
Companies in the same sectors as Avant that raised within 45 days of this round, from Fundz verified event records.
- Banked raised an undisclosed amount on November 15, 2022.
- Milo raised $12M (Funding Round) on January 8, 2023.
- Unrivaled Brands raised an undisclosed amount (Funding Round) on January 6, 2023.
- Wingspan raised $24M on January 4, 2023.
- OpenLoop raised $368K (Seed) on December 28, 2022.
- ngrow.ai raised $2.3M (Seed) on December 21, 2022.
Who to call at Avant, and when
A new round usually means Avant is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Avant raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Avant, from your own LinkedIn network
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Related People
Avant raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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