Avant

About

Avant is an online lending platform that offers alternatives to its clients with safe financial products.

Chicago,Illinois,United States
501 - 1000
https://www.avant.com

Highlights

Details

Last Funding Type: Debt Financing
Last Funding Money Raised: $250M
Industries: Consumer Lending,Finance,Financial Services,FinTech,Lending
Founded date: Nov 1, 2012
Number Of Employee: 501 - 1000
Operating Status: Active
Legal Name: Avant, LLC

Avant operates an online marketplace that provides users with access to personal loans to consolidate debt, pay unexpected medical expenses, and for family vacations. Through the use of big data and machine-learning algorithms, the company offers a customized approach to streamline credit options. The company caters to consumers in the United States and the United Kingdom.

The company was founded in 2012 and is headquartered in Chicago, Illinois.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

13

$2.07B

Avant has raised a total of $2.07B in funding over 2 rounds. Their latest funding was raised on Dec 7, 2022 from a Debt Financing round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 7, 2022	Debt Financing	$250M	1	Ares Management	—	Detail
Dec 7, 2022	Private Equity（PE）	—	1	Ares Management	—	Detail
Jul 14, 2022	Debt Financing	$250M	1	WebBank	—	Detail
Oct 22, 2021	Private Equity（PE）	—	1	Pamlico Capital	—	Detail
Sep 29, 2015	Series E	$325M	10	General Atlantic	—	Detail

Investors

Number of Lead Investors

Number of Investors

11

20

Avant is funded by 20 investors. Ares Management and WebBank are the most recent investors.

Investor Name	Lead Investor	Funding Round
Ares Management	Yes	Debt Financing
WebBank	Yes	Debt Financing
Pamlico Capital	Yes	Private Equity（PE）
General Atlantic	Yes	Series E
Kohlberg Kravis Roberts	Yes	Debt Financing
August Capital	—	Series E
Balyasny Asset Management	—	Series E
DFJ Growth	—	Series E
Hyde Park Venture Partners	—	Series E
JP Morgan Chase	—	Series E