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Avanti Financial Group - Series A
Overview
Funding Date
March 25, 2021
Financing amount
$37M
Valuation
--
Catagory
Subcategory
About Avanti Financial Group - Series A
Digital asset bank Avanti raised $37 million in a Series A round, according to an announcement from the bank. That brings its total raised since inception to $44 million. A number of individual investors participated in the round, including some of Avanti's executives and directors. Binance.US, Coinbase Ventures, Morgan Creek Digital and Susquehanna Private Equity Investments are among its institutional investors. The raise will provide the capital needed to launch, as required by regulators. The funds will also support the engineering and operating expenses.
Investors
| Investors | Type | Location | Year Founded | #Portfolio Companies | Email Address | Socials |
|---|---|---|---|---|---|---|
| Corporate | United States of America | -- | 2 | -- | ||
| Fund | United States of America | 2018 | 308 | -- | ||
| Fund | United States of America | 2004 | 20 | web@morgancreekcap.com | ||
| Corporate | United States of America | 2006 | 5 | -- |
Founders & Team
Caitlin Long
Company Profile / Project Introduction
Custodia, formerly known as Avanti, is the first U.S. digital asset bank built on a modern core banking platform. Custodia Bank, Inc. is a Wyoming bank formed to serve as a compliant bridge to the U.S. dollar payments system and a custodian of digital assets that can meet the strictest level of institutional custody standards. Custodia Bank intends to provide a full suite of banking and financial services tailored to business customers looking for enhanced regulatory clarity and minimized transactional risk as they traverse the digital asset frontier.