Avanti Closes $37M Series A Financing
Summary
Avanti Financial Group, a Cheyenne, Wyo.-based 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, closed $37m Series A financing. Backers included a global mix of institutional investors, cryptocurrency companies and family offices, as well as multiple Avanti executives and directors. Individual investors prominent in the cryptocurrency, tech and traditional asset management industries include Trace Mayer, Marcel Kasumovich, Rob Kauffman (Aldel Capital), Tim Keefe, Lawrence Lepard, Eric Ly and others. Institutional investors include 1843 Capital, AP Capital, Banca del Ceresio, Binance.US, Coinbase Ventures, ECMC Group, Equity Management Associates, Greybull Stewardship, Hard Yaka, HashKey, Holon Global Investments, Lemniscap, Madison Paige Ventures, Morgan Creek Digital, PJT Partners, Slow Ventures, Susquehanna Private Equity Investments and The University of Wyoming Foundation, among others. Led by Caitlin Long, founder and chief executive officer, Avanti Financial Group is required to fully comply with all applicable laws and regulations, including the Bank Secrecy Act and federal “know your customer,” anti-money laundering and related laws and regulations.