Foundry College’s $6 Million Series A Preferred Stock Offering

O’Melveny represented Foundry College in its successful fund raising campaign.

Foundry College raised US$6 million in Series A Preferred Stock financing.

With the funds in place, Foundry College announced that it will launch its first class beginning in January 2019.

Founded by Dr. Stephen M. Kosslyn, former Dean of Social Science at Harvard University and former Chief Academic Officer at the Minerva Schools at KGI, Foundry College is a new type of online two-year college that teaches working adults skills and knowledge that are in demand by employers and unlikely to be automated in the foreseeable future. Foundry College aims to ensure that students have a pathway to long-term job stability and employers can fill hiring gaps for in-demand jobs.

The O’Melveny team was led by Corporate Department Co-Chairman Warren Lazarow (Picture) and Corporate partner Einat Meisel, and included associates Chris Wheeler and A.J. Talt.

Involved fees earner: Warren Lazarow – O’Melveny & Myers LLP; Einat Meisel – O’Melveny & Myers LLP; Chris Wheeler – O’Melveny & Myers LLP; AJ Talt – O’Melveny & Myers LLP;

Law Firms: O’Melveny & Myers LLP;

Clients: Foundry College;

Author: Ambrogio Visconti