Seismic, a developer of end-to-end sales enablement software, closed a $100M Series E round of funding. Investor Lightspeed Venture Partners led the round, with General Atlantic, JMI Equity and Jackson Square Ventures also participating.
Gunderson Dettmer earned "Deal of the Year for Asia," "Best M&A Deal in Asia" and "Best India Deal" in FinanceAsia’s Achievement Awards 2018 for its work in the US$16 billion acquisition of Flipkart Group by Walmart Inc. Gunderson served as international and M&A counsel to Flipkart Group, one of India’s largest e-commerce marketplaces, in the deal that made Walmart Inc. its largest shareholder. With the completion of the investment, Walmart now holds approximately 77 percent of Flipkart and the deal is reported to be the most highly-valued e-commerce deal in history.
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP has announced the promotions of five associates to the partnership, effective January 1, 2019.
InVision, a digital design collaboration platform, has raised $115 million. The Series F round was led by Spark Capital with the participation of Goldman Sachs and existing investors including Battery Ventures, ICONIQ Capital, Tiger Global Management, FirstMark Capital and Geodesic Capital.
Developer of financial and banking services platform, Plaid, raised $250 million in a Series C led by Kleiner Perkins with Spark Capital, New Enterprise Associates, Goldman Sachs and Index Ventures (UK) participating. The company is now valued at $2.65 billion, more than ten times its valuation in June 2016.
ChargePoint, a client of Gunderson Dettmer, secured a Series H financing of $240 million bringing their total funding raised to more than half a million dollars. This round of funding comes from a diverse group of new investors including American Electric Power, Canada Pension Plan Investment Board, Chevron Technology Ventures, Clearvision, Daimler Trucks & Buses, GIC and Quantum Energy Partners. Existing investors include BMW iVentures, Braemar Energy Ventures, Linse Capital and Siemens.
Gunderson Dettmer represented Kleinfelder Group, an engineering, construction management, design and environmental professional services firm, in its definitive agreement to be acquired by WindPoint Partners, a private equity investment firm.
Poynt, a connected commerce platform for merchants, raised $100M in Series C funding from Elavon and National Australia Bank (NAB). As stated in the press release, "with this investment, the company will expand into new markets across Asia, Europe and South America, grow its talent base, and invest in product and partner development as it executes its vision to become the operating system (OS) on smart payment terminals worldwide."
Turvo, the world’s first real-time collaborative logistics platform, has closed a Series B financing with $60M led by Mubadala Ventures.
Gunderson Dettmer client Pillow was acquired by Expedia as part of the global travel company’s strategy to unlock urban growth opportunities.
Gunderson Dettmer advised Anaplan, Inc. on its initial public offering of 17,825,000 shares at the price to the public of $17.00 per share for a total of $303,025,000 in aggregate gross proceeds.
Gunderson Dettmer advised Histogenics Corporation on a follow-on public offering underwritten public offering of 26,155,000 shares of its common stock and warrants to purchase up to 19,616,250 shares of common stock, at a combined purchase price of $0.65 per share of common stock and accompanying warrant, for a total of $17,000,750.00 in aggregate gross proceeds.
Gunderson Dettmer advised Aldeyra Therapeutics, Inc. on a follow-on public offering of 5,250,000 shares at the price to the public of $13.75 per share for a total of $72,187,500 in aggregate gross proceeds. Corporate partner Jay Hachigian, of counsel Keith Scherer, and associates Albert Vanderlaan, Naomi Smith and John Maciejewski led the team advising Aldeyra.
TalkDesk, a provider of cloud-based contact center software, raised a Series B financing of $100M with a valuation of over $1B. Investors in this round of funding included lead investor Viking Global and existing investor DFJ.
With the passage of Senate Bill 826 at the end of September, California has become the first state in the U.S. to require public companies incorporated in California or other public companies with their principal executive offices in California (according their Annual Report on Form 10-K) to have specified numbers of women serving on their Boards of Directors. This alert discusses the new law and its implications for public companies.
The Massachusetts Noncompetition Agreement Act goes into effect on October 1, 2018 and will impact employers’ current practices with respect to post-termination non-competes for Massachusetts-based employees. This is relevant to you if you intend to hire Massachusetts-based employees or bind an existing Massachusetts-based employee to a post-term non-compete provision in the future because you will need to make updates to the non-compete provision in your form PIIA.
Real estate platform Compass has raised $400 million in a Series F round of funding to help grow its domestic business as well as open internationally. The deal, led by Softbank’s Vision Fund and Qatar Investment Authority, has the company valued at $4.4 billion; double its valuation from last year.
UiPath, a robotic process automation software, closed a Series C financing of $225 million with a $3 billion valuation. Sequoia Capital and CapitalG, Alphabet's investment arm, lead the round.
Gunderson Dettmer was recognized for a “Finance & Transactional Impact Deal of the Year” at the 2018 Euromoney LMG Life Sciences Awards. Gunderson Dettmer won the award for its representation of ARMO BioSciences, a late-stage immuno-oncology company, in its $1.6 billion sale to Eli Lilly & Company. Gunderson Dettmer also congratulates Lilly for being shortlisted for the Financial & Corporate In-House Team of the Year award at the same event.
Gunderson Dettmer's Silicon Valley office has relocated to a newly-constructed building in downtown Redwood City, California. The new space reflects evolving work styles, efficient design and new collaboration tools to fit the firm's culture and is designed to appeal to lawyers and clients alike.
Gunderson Dettmer is acting as legal advisor to Cornershop, a leading online marketplace for on-demand delivery from retailers in Mexico and Chile, in its $225 million acquisition by Walmart.
Best Lawyers named twelve Gunderson Dettmer partners to its 2019 peer-reviewed list of the most respected lawyers in their focus areas. Ross L. Burningham, Scott C. Dettmer, Steven R. Franklin, Jay K. Hachigian, James L. Hauser, Sharon J. Hendricks, Andrew Y. Luh, Daniel E. O’Connor, Brooks Stough, Jeffrey C. Thacker, and Thomas F. Villeneuve were all named to Best Lawyers in the United States.
Gunderson Dettmer has been named a finalist in four categories for the 17th Annual M&A Advisor Awards: Corporate/Strategic Deal of the Year ($100M-$250M); Private Equity Deal of the Year ($10M-$50M); M&A Deal of the Year ($25M-$50M) and Information Technology Deal of the Year ($10-$50M).
Gunderson Dettmer announced today that top IPO lawyer Jeffrey Vetter has joined the firm as a partner and will chair its public offerings/public companies practice.
Gunderson Dettmer is acting as legal advisor to Opcity, a market leading real estate technology platform, in its $210 million acquisition by News Corp's subsidiary, Move, Inc., operator of realtor.com.
Gunderson Dettmer acted as counsel to Oscar in its recent $375 million financing by CapitalG, the late-stage growth venture capital fund financed by Alphabet Inc.
Gunderson Dettmer is acting as legal advisor to Cartiva, Inc., a private orthopedic medical device company focused on the treatment of osteoarthritis, in its $435 million acquisition by Wright Medical Group N.V.
Gunderson Dettmer represented Akouos Inc in its $50 million Series A financing round led by NEA with participation from 5AM and Partners Innovation.
With 212 venture deals to its credit in Q2 2018, Gunderson Dettmer is again ranked “most active law firm globally” in PitchBook’s Global Venture Capital League Tables.
Gunderson Dettmer acted as legal advisor to Duo Security, the leading provider of unified access security and multi-factor authentication delivered through the cloud, in its $2.35 billion acquisition by Cisco.
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