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Avant (Online Lending Firm)

Avant (Online Lending Firm)
2012 FOUNDED
PRIVATE STATUS
901-1000 EMPLOYEES
Debt LATEST DEAL TYPE
$189M LATEST DEAL AMOUNT
20 INVESTORS
Description

Developer of an online lending platform designed to offer access to personal loans. The company's online lending platform incorporates the use of big data and machine-learning algorithms to streamline credit options, enabling consumers to consolidate debt through personal loans at low costs.

Website
Formerly Known As
Avant Credit Corp
Ownership Status
Privately Held (backing)
Financing Status
Venture Capital-Backed
Primary Industry
Consumer Finance
Other Industries
Financial Software
Primary Office
  • 222 North LaSalle Street
  • Suite 1700
  • Chicago, IL 60601
  • United States

+1 (800) 000-0000
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Avant (Online Lending Firm) Valuation and Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
10. Debt - General 12-May-2016 $189M 00.000 Completed Generating Revenue
9. Secured Debt 19-Nov-2015 00000 00.000 Completed Generating Revenue
8. Later Stage VC (Series E) 29-Sep-2015 00000 00000 000 Completed Generating Revenue
7. Debt - General 20-Aug-2015 00000 00000 Completed Generating Revenue
6. Later Stage VC (Series D) 04-Dec-2014 00000 00000 00000 Completed Generating Revenue
5. Debt - General 20-Aug-2014 00000 00000 Completed Generating Revenue
4. Later Stage VC (Series C) 23-Jul-2014 0000 00000 00000 Completed Generating Revenue
3. Early Stage VC (Series B) 01-Sep-2013 000.00 000.00 00000 Completed Startup
2. Early Stage VC (Series A) 08-May-2013 $8M $9M 0000 Completed Startup
1. Seed Round 17-Dec-2012 $1M $1M 000 Completed Startup
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Avant (Online Lending Firm) Cap Table

Stock # of Shares
Authorized
Par Value Dividend Rate (%) Original
Issue Price
Liquidation Liquidation
Pref. Multiple
Conversion
Price
% Owned
Series E 0,000,000 00.000000 00 0000.00 0000.00 00 0000.00 00.000
Series D 0,000,000 00.000000 00 000.00 000.00 00 000.00 00.000
Series C 0,000,000 00.000000 00 000.00 000.00 00 000.00 00.00
Series B 0,000,000 00.000000 00 000.00 000.00 00 000.00 0.000
Series A 2,000,000 $0.000010 8% $4 $4 1x $4 10.24%
Seed 1,000,000 $0.000010 8% $1 $1 1x $1 5.12%
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Avant (Online Lending Firm) Competitors (57)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
WeLab Holdings Venture Capital-Backed Hong Kong, Hong Kong 00 00000 00000000000 00000
0000 Venture Capital-Backed New York, NY 000.00 000000000 000.00
000000 000000000 Venture Capital-Backed Palm Beach Gardens, FL 00 000000000000
000000000000 Venture Capital-Backed Warsaw, Poland 000 000.00 00000000000 000.00
000000 Venture Capital-Backed San Francisco, CA 000 00.000 00000000000 00.000
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Avant (Online Lending Firm) Investments & Acquisitions (4)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000 000000 28-Sep-2016 000000000 Telecommunications Service Providers
00000 00000 18-Apr-2016 000000000000000000 Educational Software 000000 000000000
0000000 18-Apr-2016 000000000000000000 Database Software 000000 000000000
ReadyForZero 31-Mar-2015 Merger/Acquisition Financial Software 0000 000
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Avant (Online Lending Firm) Subsidiaries (1)

Company Name Industry Location Founded
0000000 Database Software San Francisco, CA 0000
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Avant (Online Lending Firm) Investors (20)

Investor Name Investor Type Holding Investor Since Participating Rounds Board
Seat
Contact
Info
Accolade Partners Fund of Funds Minority 000 0000 000000 0
Ascent Capital Advisors Venture Capital Minority 000 0000 000000 0
Balyasny Asset Management Asset Manager Minority 000 0000 000000 0
General Atlantic Growth/Expansion Minority 000 0000 000000 0
Hazel Equity Venture Capital Minority 000 0000 000000 0
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Avant (Online Lending Firm) Executive Team (34)

Name Title Board
Seat
Contact
Info
Suk Shah Chief Financial Officer
Adam Hughes President & Chief Operating Officer
Paul Zhang Co-Founder & Chief Architect
Albert Goldstein Co-Founder & Chief Executive Officer
Drew Lydecker Co-Founder & President

17 Former Executives

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Avant (Online Lending Firm) Board Members (10)

Name Representing Role Since Contact
Info
Eric Carlborg August Capital Board Member 000 0000
James Robinson III RRE Ventures Board Member 000 0000
John Johnston August Capital Board Member 000 0000
Jonathan Korngold General Atlantic Board Member 000 0000
Randall Glein DFJ Growth Board Observer 000 0000

4 Former Board Members

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