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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).  

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Crowell & Moring LLP is an international law firm with offices in the United States, Europe, MENA, and Asia that represents clients in litigation and arbitration, regulatory and policy, and transactional and corporate matters. The firm is internationally recognized for its representation of Fortune 500 companies in high-stakes litigation and government-facing matters, as well as its ongoing commitment to pro bono service and diversity, equity, and inclusion.

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