# Avant

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/avant

- Industry: Financial Services
- Headquarters: Chicago, US
- Website: www.avant.com
- Total disclosed funding: $653M
- Latest round: Series E (Oct 14, 2015)
- Investors on record: 11

## About

Avant, LLC is a financial technology company based in the US, specializing in providing personal loans and credit card services designed to meet diverse consumer financial needs.Founded in 2012 and headquartered in Chicago, US, Avant, LLC operates in the fintech sector, offering innovative financial products. The company has successfully completed 18 deals, with the most recent investment occurring on December 7, 2022, during a Series E funding round led by General Atlantic. The founding team includes multiple leaders such as Al Goldstein and Ditlef de Vibe, who have extensive backgrounds in finance and technology.Avant, LLC offers a comprehensive range of financial products, including personal loans between USD 2,000 and USD 35,000 for various consumer needs, and credit cards with credit limits from USD 300 to USD 3,000. The company emphasizes user-friendly digital platforms, including a mobile app, for easy account management, catering to a broad base of consumers across the United States.Avant's revenue model relies on income generated from personal loans and credit card services, which includes interest charges and annual membership fees. An example is the Avant Credit Card, which has an annual fee of USD 39, while personal loans may incur administration fees of up to 9.99% deducted from the loan amount. This B2C transaction structure enables consumers to digitally apply for and manage their credit products efficiently.In December 2022, Avant, LLC raised USD 325.00 mn in a Series E funding round, with plans to utilize this capital to enhance its credit portfolio and develop a next-generation platform. The company is also exploring expansion into new markets to broaden its reach and enhance its product offerings, with specific details anticipated in the coming quarters.

## Funding rounds

- Series E, Oct 14, 2015, $325M — RRE Ventures, General Atlantic, August Capital, JP Morgan Asset Management, Tiger Global Management, Hyde Park Venture Partners, DFJ Growth, BAM Elevate
- Series D, Nov 7, 2014, $225M — KKR, RRE Ventures, August Capital, Tiger Global Management, DFJ Growth
- Series C, Jan 31, 2014, $75M — August Capital, Tiger Global Management
- Series B, Jul 26, 2013, $20M — August Capital, Victory Park Capital, QED Investors
- Series A, May 6, 2013, $2.5M — August Capital
- Series A, Feb 1, 2013, $5.5M — August Capital, Victory Park Capital

## Investors

- August Capital (https://capitalatlas.ai/funds/august-capital) — Series A, Series B, Series C, Series D, Series E
- Victory Park Capital (https://capitalatlas.ai/funds/victory-park-capital) — Series A, Series B
- QED Investors (https://capitalatlas.ai/funds/qed-investors) — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series C, Series D, Series E
- KKR (https://capitalatlas.ai/funds/kkr) — Series D
- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Series D, Series E
- DFJ Growth (https://capitalatlas.ai/funds/dfj-growth) — Series D, Series E
- General Atlantic (https://capitalatlas.ai/funds/general-atlantic) — Series E
- JP Morgan Asset Management (https://capitalatlas.ai/funds/jp-morgan-asset-management) — Series E
- Hyde Park Venture Partners (https://capitalatlas.ai/funds/hyde-park-venture-partners) — Series E
- BAM Elevate (https://capitalatlas.ai/funds/bam-elevate) — Series E