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July 27, 2020Client News
Geltor Raises $91.3M Series B Financing

Gunderson Dettmer represented client Geltor, a biodesign startup, in its $91.3 million Series B financing led by CPT Capital with significant commitment from WTT Investment Ltd., to expand its ingredients-as-a-service platform globally.

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July 24, 2020Client Alerts
COVID-19 Screening in the Workplace: CCPA and Other Privacy Implications

This alert is the third in our series of Privacy Topics: Practical Guidance from Gunderson Dettmer – a collection of practical privacy and data security guidance and accompanying materials designed to facilitate your company’s compliance efforts. As companies throughout the U.S. are starting to reopen their offices after months of lockdown due to the COVID-19 pandemic, today’s alert focuses on privacy considerations under the California Consumer Privacy Act (CCPA) and other laws in connection with COVID-19 screening in the workplace. The CCPA went into effect on January 1, 2020, and enforcement by the California Attorney-General began on July 1, 2020, with no delay in enforcement despite the COVID-19 pandemic.

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July 17, 2020Client Alerts
Privacy Alert: EU-U.S. Privacy Shield Is Invalidated in Landmark European Court of Justice Decision

What now? In the landmark Schrems II decision, the European Court of Justice invalidates the Privacy Shield; upholds the Standard Contractual Clauses (but only with additional scrutiny and safeguards). Yesterday’s Schrems II decision, which invalidated the U.S.-EU Privacy Shield Framework and added complexity to the use of Standard Contractual Clauses, has major implications for international data transfers.

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July 16, 2020Client News
Cityblock Health Raised $53.5M Series B+ Financing

Gunderson Dettmer represented client Cityblock Health, a startup focused on using tech to tackle health disparities, in its $53.5 million Series B+ financing led by Kinnevik AB. AIMS Imprint of Goldman Sachs Asset Management and Alphabet

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July 15, 2020Client News
INCE Capital leads Series B in EEO

Gunderson Dettmer represented client INCE Capital as it led the Series B financing of EEO, a Chinese K12 online education startup Empower Education Online Ltd.

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July 14, 2020Client News
IIS/Drivewyze Announced $60M Investment from Sageview Capital

Gunderson Dettmer represented client Intelligent Imaging Systems Inc. (IIS) and its wholly owned subsidiary Drivewyze Inc., the leading providers of safety and efficiency solutions for the transportation industry in North America, in its $60 million investment from Sageview Capital, a growth capital firm investing in leading tech-enabled businesses.

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July 13, 2020Client News
UiPath Raises $225M Series E Financing

Gunderson Dettmer represented client UiPath, the leading Robotic Process Automation (RPA) company, in its $225 million Series E financing bringing the company’s post-valuation to $10.2 billion.

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July 9, 2020Client News
DCM Announces New Funds

Gunderson Dettmer represented DCM in the formation of its new DCM IX family of funds with capital commitments reaching $780 million in the aggregate. 

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July 2, 2020Client News
Datrium Acquisition by VMware

Gunderson Dettmer client Datrium, a virtual server flash storage system designed to simplify the multi-cloud data lifecycle, announced its acquisition by VMware.

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July 2, 2020Client News
XSKY Data Technology $45M Series D

Gunderson Dettmer represented client XSKY (Beijing) Data Technology, a China-based technical company focusing on software-defined-infrastructure products and services, in its $45 million (320 million yuan) Series D financing led by China state-owned Venture Capital Fund.

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June 29, 2020Client News
Tiger Global co-leads $750M Series E in Zuoyebang

Gunderson Dettmer represented Tiger Global as it co-led a $750 million Series E investment in Zuoyebang, a Chinese online tutoring platform. The round was joined by new investor Qatar Investment Authority and return backers SoftBank Vision Fund, Sequoia Capital China, Tiantu Capital and Xiang He Capital.

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June 26, 2020Client News
Oscar Raises $225M Funding Round

Gunderson Dettmer client Oscar, a direct-to-consumer health insurance company, closed a $225 million funding round. Baillie Gifford and Coatue were new investors in this round while Alphabet, General Catalyst, Khosla Ventures, Lakestar and Thrive Capital were previous investors that participated.

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June 25, 2020Client News
Lightspeed India Partners co-leads Series A in Nextbillion.ai

Gunderson Dettmer represented Lightspeed India Partners as it co-led the Series A investment in Nextbillion.ai, a Singapore-based startup building AI-based mapping solutions to support logistics, ride hailing, delivery and autonomous driving businesses.

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June 18, 2020Client News
Prosus Ventures leads Series A in Shipper

Gunderson Dettmer client Prosus Ventures, formerly, known as Naspers Ventures led the Series A investment into Shipper, an Indonesian startup offering logistics management analytics to sellers on e-commerce platforms.

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June 17, 2020Client News
Fabelio Announces Series C

Gunderson Dettmer client Fabelio, an online furniture retailer, raised its million Series C financing led by AppWorks, MDI Ventures and Endeavour Catalyst.

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June 17, 2020Client Alerts
Mandatory Form BE-10 Reporting Requirement for All U.S. Persons with Foreign Investments - Due Dates Extended to August 31, 2020

Form BE-10 is part of a recurring 5-year benchmark survey designed by the U.S. Department of Commerce’s Bureau of Economic Analysis (“BEA”) to gather current economic data on the foreign investment operations of U.S. multi-national enterprises and their foreign affiliates. All “U.S. reporters” with one or more foreign affiliates during their 2019 fiscal year must make Form BE-10 filings regardless of whether they were contacted by the BEA.

The deadlines for filing Form BE-10 with the BEA have been, in both cases, extended to August 31, 2020 (originally May 29, 2020 for filers with less than 50 foreign affiliate filings and June 30, 2020 for filers with 50 or more foreign affiliate filings).

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June 17, 2020Client Alerts
Mandatory Form BE-10 Reporting Requirements for All U.S. Persons with Latin American Investments – Due Date Extended to August 31, 2020

Form BE-10 is part of a recurring 5-year benchmark survey designed by the U.S. Department of Commerce’s Bureau of Economic Analysis (“BEA”) to gather current economic data on the foreign investment operations of U.S. multi-national enterprises and their foreign affiliates. All “U.S. reporters” with one or more foreign affiliates during their 2019 fiscal year must make Form BE-10 filings regardless of whether they were contacted by the BEA. Latin American venture-backed businesses that include U.S. holding companies in their corporate structure may be U.S. reporters.

The deadlines for filing Form BE-10 with the BEA have been, in both cases, extended to August 31, 2020 (originally May 29, 2020 for filers with less than 50 foreign affiliate filings and June 30, 2020 for filers with 50 or more foreign affiliate filings).

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June 17, 2020Client News
Zero Mass Water Raises $50M Series C1

Gunderson Dettmer client Zero Mass Water, developers that use solar energy to provide safe, clean drinkable water from the atmosphere, raised a $50 million Series C1 financing led by Blackrock Innovation Capital Group.

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June 16, 2020Client News
Demandbase Acquires Engagio

Gunderson Dettmer client Demandbase, an account-based marketing platform to help maximize the B2B marketing, acquired Engagio.

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June 16, 2020Client News
FirstMark Capital Announces Two Funds Totaling $650M

Gunderson Dettmer represented FirstMark Capital in the formation of two funds: FirstMark V, focused on early-stage company investments and FirstMark Opportunity Fund III, focused on follow-on investments.

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June 16, 2020Client News
OmniLatam Acquired by Greensill

Gunderson Dettmer client OmniLatam, a financial services platform for companies in Latin America, announced its acquisition by Greensill.

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June 11, 2020Client Alerts
CARES Act: Small Business Loan Program Update

SBA Issues First Guidance Following Passage of the PPP Flexibility Act

Following the enactment on June 5, 2020 of the bipartisan Paycheck Protection Program Flexibility Act of 2020 (the “Flexibility Act”), the U.S. Small Business Administration (“SBA”) has issued new guidance interpreting and implementing the act. As discussed in our previous client alert on the subject, the Flexibility Act amended the Small Business Act and the CARES Act to significantly modify the forgiveness and other provisions of the SBA’s Paycheck Protection Program (“PPP”).

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June 11, 2020Client News
Postman raises $150M Series C

Gunderson Dettmer client Postman, a collaboration platform for API development raised a $150 million Series C financing. The round was led by Insight and included CRV and Nexus Venture Partners.

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