New England Venture Capital Association recognized Gunderson Dettmer client Affinivax’s sale to GSK for $3.3B as the Life Science Deal of the Year (2022) in its 10th annual NEVY Awards.
Union Square Ventures announces its new $200 million Climate Fund dedicated to investing, mitigating, and adapting to climate change.
Juno Medical, a modern healthcare service provider, announces its $12 million Series A financing co-led by Next Ventures and Serena Ventures.
Pebble Health, a healthcare platform, announces its $12 million second seed financing led by XYZ Venture Capital.
Seedz, an agtech customer engagement platform, announces its $16.5 million Series A financing led by Alexia Ventures.
Companies are increasingly using automation and artificial intelligence (“AI”) to identify and hire qualified candidates more efficiently, accurately, and objectively. In response, regulators and legislators are beginning to enact laws that address AI’s potential for bias and perceived lack of transparency and accountability. New York City Council enacted Local Law 144 of 2021 (“LL 144”) in December 2021, and similar local, state, and federal efforts are on the horizon.
Kapu, a social commerce company, announces its $8 million seed financing co-led by Giant Ventures and Firstminute Capital.
2022 marks Gunderson Dettmer's 10th anniversary in China. Zhen Liu, Head of Gunderson Dettmer's China Practice, together with Beijing partners David Wang and Richard Chang, shared their views in this tribute video to celebrate Gunderson Dettmer's successful decade in China.
Anduril Industries, a defense technology company, announces its $1.48 billion Series E financing led by Valor Equity Partners.
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.
Zapping, an internet subscription TV service company, announces its acquisition of Brazil-based Guigo Television.
Emerging Venture Capitalist Association recognizes 13 investors from Gunderson Dettmer venture capital firm clients in its 2022 EVC List.
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.
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.
Gunderson Dettmer hosted the Tackling the Lifecycle of Affinivax: From Inception to Exit webinar discussing Affinivax’s $3.3 billion acquisition by GSK.
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.
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