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March 28, 2019Client News
Shanghai-based Kyligence raises Series C financing

Gunderson Dettmer client Kyligence, a Shanghai-based data analytics company, has raised $25 million in Series C funding. The round was led by Coatue Management with existing investors Redpoint Ventures, Shunwei Capital and Eight Roads Ventures participating. The company plans to invest the fresh capital in its core technology and products as well as integration with other intelligence providers.

March 13, 2019Client News
Gunderson Dettmer client Newsela raises $50M

Newsela, a developer of an e-learning platform featuring student-tailored news and instructional content, has raised $50 million in Series C funding. The round was led by Technology Crossover Ventures.

March 11, 2019Client News
Gunderson Dettmer client NGINX acquired by F5 Networks

NGINX, the company behind the popular open source project for developing and delivering modern applications, has agreed to be acquired by F5 Networks for approximately $670 million. F5 delivers cloud and security application services that enable the world’s largest companies, service providers and governments to embrace the infrastructure they choose.

March 5, 2019Client News
Gunderson client Wavecrest raises $190M Fund

Boston-based Wavecrest Growth Partners has closed their first with more than $190 million in commitments. Contributions from public pension funds, endowments and foundations, fund-of-funds, insurance companies and family offices were received for the fund.

February 27, 2019Client News
Gunderson Dettmer client Contrast Security raises $65M

Contrast Security, a cybersecurity platform designed to protect application software, has raised a $65 million Series D round of funding. The financing was led by new investor Warburg Pincus with existing investors Battery Ventures, General Catalyst, M12, AXA Venture Partners and Acero Capital participating.

February 21, 2019Client News
DoorDash raises $400M

Gunderson Dettmer client DoorDash has raised $400 million in Series F funding in a round led by Temasek and Dragoneer Investment Group. Existing investors SoftBank, DST Global, Coatue Management, GIC, Sequoia Capital and Y Combinator also participated in the financing. The funding came at a $7.1 billion valuation. 

February 18, 2019Client News
Gunderson Dettmer client GoCardless raises $75M

GoCardless, an online-payment platform network built for international recurring payments, has raised $75 million in Series E funding. The financing round was led by new investors Adams Street Partners, GV and Salesforce with participation from existing investors Accel, Balderton Capital, Notion Capital and Passion Capital.

February 15, 2019Client News
Gimlet Media acquired by Spotify

Gunderson Dettmer client Gimlet Media was acquired by Spotify. Gimlet Media is the developer of a digital media platform that produces podcasts and enables listeners to engage in the podcasting community.

February 15, 2019Firm News
Gunderson Dettmer Named PitchBook’s Most Active Venture Law Firm Globally for the Fifth Year in a Row

With 885 venture deals to its credit in 2018, Gunderson Dettmer is again ranked “most active law firm globally” in PitchBook’s Global Venture Capital League Tables. This result reflects Gunderson Dettmer’s continued market leadership in the venture capital marketplace and reinforces previous recognition as the most active law firm in the world in PitchBook’s 2014, 2015, 2016, and 2017 annual industry reports.

February 13, 2019Client News
Gunderson Dettmer client TuSimple raises $95M

TuSimple, a global autonomous trucking solutions company, has raised $95 million in Series D funding at a $1 billion pre-money valuation. The financing round was led by Sina Group and Composite Capital.

February 4, 2019Firm News
Gunderson Dettmer’s Boston Office Expands Its Fund Formation Practice with Addition of Brian D. Huber

Brian Huber, who will be resident in the Boston office, has significant experience advising fund managers on issues related to fundraising, GP management, and economics, including the tax and structuring aspects of fund formations and investments globally. He helps clients navigate complex issues in the evolving legal and regulatory landscape, such as the impact of recent tax reform on investment and organizational decision-making. Mr. Huber also has significant experience advising fund managers and investors in connection with secondary purchases and sales of fund interests.

January 29, 2019Client News
Gunderson Dettmer client Lyndra Therapeutics raises $55M

Gunderson Dettmer represented Lyndra Therapeutics, a developer of orally administered steady-state release pill, when it raised $55M in a Series B financing. The round of funding was led by Polaris Partners, with new investors HOPU Investments, Gilead Sciences, Invus, the Bill & Melinda Gates Foundation and Orient Life.

January 23, 2019Client News
Gunderson Dettmer client Viking Global invests in BridgeBio

Viking Global has co-led a $299.2M financing round for BridgeBio with KKR. Other existing investors including Perceptive Advisors, AIG, Aisling Capital, Cormorant Capital and Hercules Capital participated. BridgeBio, a clinical-stage biopharmaceutical company focused on genetically targeted therapies, was founded in 2015 and had previously raised $149M. The company will use the fresh capital to support its existing research and development programs as well as expand its efforts to rapidly develop new medicines.

January 22, 2019Client Alerts
2019 Schedule 13G / Schedule 13F Filings

2019 Schedule 13G / Schedule 13F Filings, Form 13H Annual Update Filings,  Annual Privacy Notice Mailing Requirement and Preliminary Reminder of Form ADV Annual Updating Amendment Requirements

January 15, 2019Firm News
Gunderson Dettmer’s Boston Office Adds David D. Gammell to its Leading Emerging Companies Practice

Gunderson Dettmer announced today that David D. Gammell has joined the firm’s leading emerging companies practice, resident in the Boston office.

David Gammell is a prominent corporate lawyer known for his work representing emerging growth companies throughout their lifecycle as well as leading national and international venture capital and growth equity funds. With more than two decades of experience, he has a substantial practice advising early stage companies and entrepreneurs on formation matters, financings, mergers and acquisitions, intellectual property strategy, licensing, technology transfer and strategic alliances. He teaches at MIT and Harvard, and regularly serves as a panelist and judge at conferences and competitions focused on startups and venture-backed companies.

January 8, 2019Client News
Gunderson client Plaid acquires Quovo

Plaid, a developer of a financial and banking services platform, has acquired Quovo. Quovo runs a similar platform on the investments side of the financial services business.

December 14, 2018Firm News
Gunderson Dettmer Wins "Deal of the Year for Asia" and Two Other Awards from FinanceAsia for the $16B Walmart/Flipkart Deal

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.

December 13, 2018Firm News
Gunderson Dettmer Announces New Partners

Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP has announced the promotions of five associates to the partnership, effective January 1, 2019.

December 11, 2018Client News
Gunderson Dettmer client InVision raises Series F

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.

December 11, 2018Client News
Gunderson Dettmer client Plaid raises $250M Series C

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.