Gunderson Dettmer earned recognition as the Most Active VC Law Firm Globally and Most Active VC Law Firm in the United States in PitchBook’s Q3 2022 Global Venture Capital League Tables, raising over $9 billion in venture capital and growth equity financings in the third quarter for high-growth emerging companies worldwide.
Gunderson Dettmer sponsors the 2022 Deloitte Technology Fast 500 Award, for the fastest-growing private and public companies in technology and 24 Gunderson Clients were recognized.
HC9 Ventures announces the launch of its $83 million new fund to invest in early-stage healthcare startups that will shape the future of healthcare.
7 Gunderson Dettmer clients recognized on The Best Inventions of 2022 list by Time Magazine.
Georgian co-led the $80 million Series C financing of Contentstack, a content experience platform.
Gunderson Dettmer represented client Sequoia Capital India as an investor in the $90 million Series A financing of Arta Finance, a California-based digital family office. Other notable investors included Ribbit Capital, Coatue, and over 140 tech and finance entrepreneurs, such as Betsy Cohen, Eric Schmidt and Ram Shriram.
Business Insider recognizes 8 of Gunderson Dettmer's clients as the "Most Important VCs in the Midwest."
Carta Healthcare, a clinical data management company, announces its $20 million Series B financing from investors including Paramark Ventures, Frist Cressey Ventures, Mass General Brigham, and American College of Cardiology.
Gunderson Dettmer represented London-based client Travtus, an AI technology company focused on streamlining multifamily operations, in its $4 million seed financing led by RET Ventures.
Argentina-based Menta, a B2B fintech company, announces its $6 million Seed financing led by Base10 Partners
Kudos, a digital smart wallet, announces its $7 million Seed financing led by Patron.
Sproutfi, an investment platform used to invest in US financial markets, announces its acquisition of Passfolio’s client portfolio in Brazil.
On September 27, 2022, California joined several other states, cities, and local governments that require increased pay transparency in the workplace. Under the new law (Senate Bill 1162) which takes effect on January 1, 2023, companies with any California-based employees (“California employers”) must share salary range information with current and prospective employees, include salary information in job postings, and maintain significant records and data relating to workforce demographics and salaries.
Singapore Partner David He has been recognized by Asian Legal Business (ALB) as one of Asia’s 40 Under 40 Lawyers for 2022. Published by Thomson Reuters, the ALB 40 Under 40 List recognizes top young lawyers from international and domestic firms across Asia, including Greater China, South Korea, Japan, Southeast Asia and India.
The U.S. Securities and Exchange Commission (SEC) recently adopted final rules that require public companies to disclose, in both tabular and narrative format, information about the relationship between the compensation they pay executives and their financial performance for up to five fiscal years in proxy or information statements in which executive compensation disclosures are required. More than a decade in the making, the new rules implement the so-called pay-versus-performance disclosure requirements mandated by the Dodd-Frank Act in the aftermath of the 2008 financial crisis.
Gunderson Dettmer represented client Ayoconnect, Indonesia’s first licensed open finance platform, in its $13 million Series B extension led by SIG Venture Capital with participation by CE Innovation and PayU, the payments and fintech business of Prosus. This round came nine months after Ayoconnect raised $15 million in an oversubscribed Series B round led by Tiger Global.
Imaginary Ventures, leads the $10 million Series A financing of Xiao Chi Jie (XCJ), a direct-to-consumer Chinese food company.
On October 7, 2022, President Biden signed a highly-anticipated Executive Order implementing commitments the U.S. made under the new European Union-U.S. Data Privacy Framework (the “Framework”) announced earlier this year. The Framework is viewed as a successor to the European Union-U.S. Privacy Shield Framework (“Privacy Shield”), which was invalidated by the European Court of Justice in 2020. If ratified by the appropriate European Union (“EU”) entities, the Framework would provide qualifying companies with a legal basis to transfer personal data from the EU to the U.S. The Executive Order lays the groundwork for the European Commission (“EC”) to provide an adequacy determination for the Framework, which is expected to occur in 2023.
DataGrail, a data privacy platform, announces its $45 million Series C financing led by Third Point Ventures.
Elenas, a Latam-based social commerce platform, announces its $20 million Series B financing led by DILA Capital.
NextView Ventures, announces its $200M new investment funds, NextView Ventures V and NextView All Access I.
Matrix Partners, a Gunderson Dettmer represented client announces its $800 million fund, Matrix Partners XII.
RadioMedix, announces its $40 million equity financing led by Portland Investment Counsel Inc.
Brazil-based isaac, a suite of financial and software products for K-12 schools, announces its acquisition by Arco, a software that offers technology, services, and content for grades K-12.
On October 5, Uber's former Chief Security Officer (“CSO”) was convicted of criminal felony charges for obstruction of justice and misprision (i.e. concealing) of a felony relating to his handling of a 2016 data breach that exposed the personal data of millions of Uber drivers and users. This case marks the first time a company executive has been held criminally liable for handling of a data breach in the United States and the CSO could face up to eight years in prison. In a press release announcing the verdict, the Department of Justice warned that the FBI and its government partners “will not allow rogue technology company executives to put American consumers’ personal information at risk for their own gain.”
The Rounds, a consumer goods delivery service company, announces its $38 million Series A financing led by investors at Redpoint Ventures and Andreessen Horowitz.
Solvento announces its $5 million Seed financing led by Ironspring Ventures.
Conviction Partners announces its $101M debut fund to invest in early stage AI companies.
PredictionStrike, Inc., a sports stock marketplace, announces its $3 million Seed financing led by MaC Venture Capital.
Energy Impact Partners announces participation in the $100 million Series B financing of Moxion Power.
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