Digital Asset’s $120 Million Series D Funding Round

Proskauer advised 7RIDGE on the deal.

7RIDGE, a Guernsey-based private equity investing partnership, executed its investment in Digital Asset as part of a $120 million Series D funding round. Digital Asset, the creators of the Daml multi-party application platform, will use this financing to continue to expand the breadth of its products, sales reach and core team globally.

Digital Asset helps companies of all sizes and across industries get distributed applications to market faster, and stay there longer. Daml is an application platform where companies can create new multi-party solutions that transform disparate silos into synchronized networks, guaranteeing consistent data.

Proskauer advised 7RIDGE with a team in London led by partner Andrew Wingfield (Picture), and included special counsel Tony Downes and associate Jacky Ball (M&A); partner Warren Allan, special funds counsel Brendan Gallen, and associate Edward Kelleher (Private Funds); partner Matthew Pincus (Tax); and partner John Verwey and associate Michael Singh (Regulatory). In New York, our team included partner Malcolm Hochenberg and associate Bowon Koh (Tax), partners Wai Choy, Jeff Neuburger and associate Kevin Milewski (TMT), and partner Simon Sharpe and associate Sarah Hughes (M&A).

Involved fees earner: Warren Allan – Proskauer Rose; Jacqueline Ball – Proskauer Rose; Wai Choy – Proskauer Rose; Tony Downes – Proskauer Rose; Brendan Gallen – Proskauer Rose; Malcolm Hochenberg – Proskauer Rose; Sarah Hughes – Proskauer Rose; Edward Kelleher – Proskauer Rose; Bowon Koh – Proskauer Rose; Kevin Milewski – Proskauer Rose; Jeffrey Neuburger – Proskauer Rose; Matthew Pincus – Proskauer Rose; Simon Sharpe – Proskauer Rose; Michael Singh – Proskauer Rose; John Verwey – Proskauer Rose; Andrew Wingfield – Proskauer Rose;

Law Firms: Proskauer Rose;

Clients: 7RIDGE;

Author: Federica Tiefenthaler