Cravath’s London Office Moves to 100 Cheapside
Venture Capital & Growth Equity
Cravath advises innovative and forward‑thinking technology companies, venture capital investors and other advisors and capital sources on a wide range of transactions pivotal for growth. Our corporate clients include venture capital- and private equity‑backed businesses across software, hardware, fintech, blockchain and digital assets, artificial intelligence (AI), biotechnology, medical devices, clean tech and renewables and other developing areas. Our investor representations include venture capital and growth equity firms, corporate venture capital arms and other institutional partners. This interdisciplinary practice focuses on key venture investment rounds and other financing arrangements, including preferred equity, SAFEs, venture debt and traditional and synthetic royalty arrangements; joint ventures, collaboration agreements and licensing arrangements; and employee tender offers and other pre‑IPO liquidity events. Our attorneys also regularly represent clients in connection with IPOs, direct listings, de‑SPACs, mergers and acquisitions and other late‑stage transactional matters. We are adept at navigating the unique accommodations and considerations for international companies interested in tapping into the U.S. markets, whether through a private capital raise, IPO or other listing alternative.
Our dedicated team partners closely with clients, drawing upon the Firm’s rich history of collaboration with founders and innovators to provide thoughtful, strategic and pragmatic counsel. We understand that rapid growth and revolutionary new technologies lead to complex and unexpected shifts in the legal and regulatory landscape. Our targeted advice ensures that our clients remain at the forefront, prepared to navigate and capitalize on transformative developments. Clients further benefit from our deep specialty expertise in areas such as cybersecurity and data privacy, intellectual property, tax and executive compensation and benefits. In addition, international companies and investment firms frequently turn to Cravath for our extensive transactional and regulatory experience in cross-border matters, including those pertaining to CFIUS and national security.
Illustrative recent transactions include:
- Wiz’s $32 Billion Acquisition by Google;
- The separation by Medal, the largest platform for sharing short-form gaming content, of its AI assistant platform, Highlight;
- Brevan Howard Digital’s investments in digital asset and blockchain companies including Super Turbo, Time.fun and Starlight Tech;
- Bristol Myers Squibb’s investments in biotechnology companies including Asher Bio, COUR Pharmaceuticals and Q32 Bio;
- Tata Technologies Limited’s IPO;
- Monogram Health Holdings’ Series C Financing Round;
- Swvl’s SPAC Combination with Queen’s Gambit Growth Capital;
- Alliance Animal Health’s Significant Growth Investment from L Catterton;
- Vaxxinity, Inc.’s Initial Public Offering;
- IsoPlexis Corporation’s Initial Public Offering;
- SPANX’s Sale of a Majority Stake to Blackstone;
- On Holding’s Initial Public Offering of Class A Ordinary Shares;
- Robinhood’s IPO;
- Cherry AG’s Initial Public Offering of Ordinary Bearer Shares;
- Convey Holding Parent, Inc.’s Initial Public Offering of Common Stock;
- Aras’s Significant Growth Investment by GI Partners;
- Cazoo’s $8.1 Billion Business Combination with SPAC AJAX I; and
- Robinhood’s $3.4 Billion Capital Raise.
Our dedicated team partners closely with clients, drawing upon the Firm’s rich history of collaboration with founders and innovators to provide thoughtful, strategic and pragmatic counsel. We understand that rapid growth and revolutionary new technologies lead to complex and unexpected shifts in the legal and regulatory landscape. Our targeted advice ensures that our clients remain at the forefront, prepared to navigate and capitalize on transformative developments. Clients further benefit from our deep specialty expertise in areas such as cybersecurity and data privacy, intellectual property, tax and executive compensation and benefits. In addition, international companies and investment firms frequently turn to Cravath for our extensive transactional and regulatory experience in cross-border matters, including those pertaining to CFIUS and national security.
Illustrative recent transactions include:
- Wiz’s $32 Billion Acquisition by Google;
- The separation by Medal, the largest platform for sharing short-form gaming content, of its AI assistant platform, Highlight;
- Brevan Howard Digital’s investments in digital asset and blockchain companies including Super Turbo, Time.fun and Starlight Tech;
- Bristol Myers Squibb’s investments in biotechnology companies including Asher Bio, COUR Pharmaceuticals and Q32 Bio;
- Tata Technologies Limited’s IPO;
- Monogram Health Holdings’ Series C Financing Round;
- Swvl’s SPAC Combination with Queen’s Gambit Growth Capital;
- Alliance Animal Health’s Significant Growth Investment from L Catterton;
- Vaxxinity, Inc.’s Initial Public Offering;
- IsoPlexis Corporation’s Initial Public Offering;
- SPANX’s Sale of a Majority Stake to Blackstone;
- On Holding’s Initial Public Offering of Class A Ordinary Shares;
- Robinhood’s IPO;
- Cherry AG’s Initial Public Offering of Ordinary Bearer Shares;
- Convey Holding Parent, Inc.’s Initial Public Offering of Common Stock;
- Aras’s Significant Growth Investment by GI Partners;
- Cazoo’s $8.1 Billion Business Combination with SPAC AJAX I; and
- Robinhood’s $3.4 Billion Capital Raise.
Activities
March 28, 2025
Dave Kappos, Noah Phillips and Nick Dorsey Speak at Cornell Tech’s Board of Directors Forum
Cravath partners David J. Kappos, Noah Joshua Phillips and Nicholas A. Dorsey participated in Cornell Tech’s Board of Directors Forum, which was held from March 26‑27, 2025 in New York. The forum, designed for board members and senior leaders, convened business and legal practitioners, Cornell faculty, former senior government regulators and directors of private and public companies to discuss how corporate boards can stay ahead of developing technologies, regulatory trends and geopolitical shifts.
Activities
March 25, 2025
Ellen Park Moderates Session at INTA’s 2025 “New York Workshop: Integrating Intellectual Property, Finance and Valuation”
On March 19, 2025, Cravath of counsel Ellen H. Park participated in the International Trademark Association (INTA)’s “New York Workshop: Integrating Intellectual Property, Finance and Valuation.” The event convened professionals in finance, law, technology, business and other related industries to discuss global trends in IP valuation and how to grow and manage intangible assets. Ellen moderated a session entitled “The 2025 Macroeconomic Outlook for Mergers and Acquisitions and Capital Markets,” which reviewed key economic indicators and their anticipated impact on the M&A landscape, as well as guidance for IP professionals involved in M&A or capital markets on how to effectively navigate the dynamic economic environment.
Activities
March 06, 2025
Nick Dorsey and Kelly Smercina Speak at NOVA and CFGI’s US – IPO Readiness Event
On March 6, 2025, Cravath partners Nicholas A. Dorsey and Kelly M. Smercina participated in NOVA and CFGI’s US – IPO Readiness event, which was hosted by BNY in London. The event convened representatives of the four organizations for a training session on IPO readiness in U.S. capital markets, covering the IPO process and timeline, team and organizational setup and legal considerations.
Publications
February 24, 2025
Cravath Publishes “Tech Explainer” on Scaling Web3
In February 2025, Cravath continued its “Tech Explainers” series, which introduces and explains technical, cutting-edge concepts and describes their importance in a way that is accessible to and easily understood by business and legal professionals outside the technical community.
Publications
February 21, 2025
Bloomberg Law Publishes Article by Dave Kappos, Evan Norris, Sasha Rosenthal‑Larrea and Dean Nickles on Regulatory Landscape for AI
Cravath partners David J. Kappos, Evan Norris and Sasha Rosenthal‑Larrea and of counsel Dean M. Nickles co‑authored an article entitled “Early Trump AI Moves Come in a Complex Regulatory Landscape,” which was published in Bloomberg Law on February 20, 2025. The article provides an overview of the current U.S. federal and state regulatory landscape for AI and looks ahead to potential future developments.
Activities
March 28, 2025
Dave Kappos, Noah Phillips and Nick Dorsey Speak at Cornell Tech’s Board of Directors Forum
Cravath partners David J. Kappos, Noah Joshua Phillips and Nicholas A. Dorsey participated in Cornell Tech’s Board of Directors Forum, which was held from March 26‑27, 2025 in New York. The forum, designed for board members and senior leaders, convened business and legal practitioners, Cornell faculty, former senior government regulators and directors of private and public companies to discuss how corporate boards can stay ahead of developing technologies, regulatory trends and geopolitical shifts.
Activities
March 25, 2025
Ellen Park Moderates Session at INTA’s 2025 “New York Workshop: Integrating Intellectual Property, Finance and Valuation”
On March 19, 2025, Cravath of counsel Ellen H. Park participated in the International Trademark Association (INTA)’s “New York Workshop: Integrating Intellectual Property, Finance and Valuation.” The event convened professionals in finance, law, technology, business and other related industries to discuss global trends in IP valuation and how to grow and manage intangible assets. Ellen moderated a session entitled “The 2025 Macroeconomic Outlook for Mergers and Acquisitions and Capital Markets,” which reviewed key economic indicators and their anticipated impact on the M&A landscape, as well as guidance for IP professionals involved in M&A or capital markets on how to effectively navigate the dynamic economic environment.
Activities
March 06, 2025
Nick Dorsey and Kelly Smercina Speak at NOVA and CFGI’s US – IPO Readiness Event
On March 6, 2025, Cravath partners Nicholas A. Dorsey and Kelly M. Smercina participated in NOVA and CFGI’s US – IPO Readiness event, which was hosted by BNY in London. The event convened representatives of the four organizations for a training session on IPO readiness in U.S. capital markets, covering the IPO process and timeline, team and organizational setup and legal considerations.
Publications
February 24, 2025
Cravath Publishes “Tech Explainer” on Scaling Web3
In February 2025, Cravath continued its “Tech Explainers” series, which introduces and explains technical, cutting-edge concepts and describes their importance in a way that is accessible to and easily understood by business and legal professionals outside the technical community.
Publications
February 21, 2025
Bloomberg Law Publishes Article by Dave Kappos, Evan Norris, Sasha Rosenthal‑Larrea and Dean Nickles on Regulatory Landscape for AI
Cravath partners David J. Kappos, Evan Norris and Sasha Rosenthal‑Larrea and of counsel Dean M. Nickles co‑authored an article entitled “Early Trump AI Moves Come in a Complex Regulatory Landscape,” which was published in Bloomberg Law on February 20, 2025. The article provides an overview of the current U.S. federal and state regulatory landscape for AI and looks ahead to potential future developments.
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