AKUA’s $3 Million Series Seed Funding Round


O’Melveny represented AKUA, an IoT innovator leading the data-driven transformation of the global supply chain, in its US$3 million series seed financing.

AKUA sets itself apart from the competition by directly serving the interests of cargo owners, empowering them with direct, real-time information on the condition, location, and progress of their time-sensitive, high-value products. The funding round was led by Crosslink Capital, with additional contributions from Talis Capital and Enterprise Security Syndicate.

The O’Melveny team was led by partners Warren Lazarow (Picture) and Brian Covotta, with counsel Tim Hagen, associate Annie Woodworth, and senior paralegal Randy Silva.

Involved fees earner: Warren Lazarow – O’Melveny & Myers LLP; Brian Covotta – O’Melveny & Myers LLP; Tim Hagen – O’Melveny & Myers LLP; Annie Woodworth – O’Melveny & Myers LLP;

Law Firms: O’Melveny & Myers LLP;

Clients: AKUA;

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Author: Ambrogio Visconti