Groq’s $300 Million Series C Financing Round

Paul, Weiss advised D1 Capital on the deal.

Groq Inc. executed a $300 Series C financing round. D1 Capital acted as lead investor, alongside Tiger Global Management. The Spruce House Partnership and Addition, the venture firm founded by Lee Fixel, also participated in the round.

The funding round brings Groq’s total funding to $367 million and allows Groq to grow across industries and accelerate its next-generation products in development.

Groq is a leading innovator in compute accelerators for artificial intelligence, machine learning and high performance computing.

D1 Capital Partners L.P. is a global investment firm that deploys capital in both public and private markets.

The Paul, Weiss team advising D1 Capital included corporate partners Ted Ackerman (Picture), Udi Grofman and Raphael Russo, and former counsel Nathan Sawyer; tax partner David Mayo; and antitrust counsel Marta Kelly.

Involved fees earner: Edward Ackerman – Paul Weiss Rifkind Wharton & Garrison; Udi Grofman – Paul Weiss Rifkind Wharton & Garrison; Marta Kelly – Paul Weiss Rifkind Wharton & Garrison; David Mayo – Paul Weiss Rifkind Wharton & Garrison; Raphael Russo – Paul Weiss Rifkind Wharton & Garrison; Nathan Sawyer – Paul Weiss Rifkind Wharton & Garrison;

Law Firms: Paul Weiss Rifkind Wharton & Garrison;

Clients: D1 Capital Partners;

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Martina Bellini

Author: Martina Bellini