Crowell EC/VC Team Advises Astra in $10 Million Series A Financing and $30 Million Line of Credit
San Francisco – October 20, 2022: A cross-practice Crowell & Moring team represented Astra, a leading provider of advanced bank-to-bank transfer technology for financial institutions, fintech startups, and enterprises, in closing a $10 million Series A financing and securing a $30 million line of credit. The financing will support the growth of Astra’s team — with a particular focus on engineering and compliance resources — to further enable faster payments from all sources to any destination.
The financing round was led by FPV Ventures, with participation from Slow Ventures and Allegis Capital. The $30 million line of credit was secured through CoVenture to support the company’s rapid expansion in the payments industry. Venture Capital partner Jon O'Connell led the Crowell team, which included senior counsel Scott Lessne (financial services), associate Justin Lurie (corporate), specialist Israel Guerrero (corporate), and senior paralegal Nate Gagnon (corporate).