Mintz Venture Watch — Volume 5: A Report on Deal Trends from Q1 and Q2 2023

By Daniel I. DeWolf, Lewis J. Geffen, Jeremy D. Glaser

72

Transactions

  

$1.6B+

Deal Value

  

7

Industries

 

Despite choppy market conditions for private companies, the Mintz Venture Capital & Emerging Companies team remained busy advising emerging companies of all sizes and at all stages of growth across a wide range of industries. For the first half of 2023 we completed 72 transactions, with an aggregate deal value in excess of $1.6 billion. Below are a few highlighted transactions:

Technology

Mintz serves as the primary legal counsel to SYN Ventures, a venture capital firm focused on investing in emerging cybersecurity enterprises. Founded by two former Chief Information Security Officers (CISOs), Jay Leek and Patrick Heim, SYN Ventures has emerged as a leading investor in early stage cybersecurity companies. 

Mintz has advised SYN Ventures on numerous financings in the last six months, including the following:

• $17 million Series A extension financing for Sevco Security, Inc.
• $23.5 million Series A financing for Halcyon Tech, Inc.
• $4 million Series Seed financing for Cranium AI, Inc.
• $8 million Series A financing for Paladin Data Insurance Corp.

Energy & Sustainability

Mintz represented Gradiant Corporation, a global end-to-end solutions provider of advanced water and wastewater treatment, in its Series D financing. The Series D financing was led by BoltRock Holdings and Centaurus Capital, which invested an aggregate of $225 million in Gradiant at the initial closing — bringing Gradiant’s total funding to date to more than $400 million and its “unicorn” valuation. The funding will be used to continue the company’s expansion into strategic markets to make Gradiant the preferred water partner of the world’s essential industries. The funding will also support growth into new geographies, such as the Middle East and Europe, and further advance Gradiant’s R&D programs.

For over a decade, Mintz has been a trusted partner of Gradiant, working closely with the company since its inception. As Gradiant continues to expand its business and deliver innovative solutions to leading customers around the world, Mintz has played a pivotal role in providing strategic guidance and legal support.

 

You can also ask us anything at http://mintzedge.com/ask-anything/. We built the MintzEdge website as a resource for entrepreneurs and investors, and hope that all of you take advantage of the site and see how it can help you.

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  • Daniel I. DeWolf
  • Lewis J. Geffen
  • Jeremy D. Glaser

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    • Technology Viewpoints Thumbnail

    Mintz Venture Watch — Volume 4: A Report on Deal Trends from 2022

    February 9, 2023| Article|

    Authors

    Daniel I. DeWolf

    Member / Chair, Technology Practice; Co-chair, Venture Capital & Emerging Companies Practice

    Daniel I. DeWolf is an authority on growth companies and serves as Chair of Mintz's Technology Practice Group and Co-chair of the firm’s Venture Capital & Emerging Companies Practice. He has worked on pioneering online capital-raising methods. He also teaches venture capital law at NYU Law School.

    Lewis J. Geffen

    Member / Co-chair, Life Sciences Practice

    Lewis J. Geffen is a corporate and licensing attorney at Mintz who helps companies manage strategic issues and complex transactions. Lewis provides financing and licensing guidance to biotechnology, pharmaceutical, medical device, and MedTech companies.

    Jeremy D. Glaser

    Member / Co-chair, Venture Capital & Emerging Companies Practice

    Jeremy D. Glaser is Co-chair of Mintz's Venture Capital & Emerging Companies Practice. He has over three decades of experience guiding life sciences and technology companies in growth and financing strategies, including public offerings, financings, mergers and acquisitions, and SEC compliance.