Wilson Sonsini Goodrich & Rosati advised InBrace on the deal while Crowell & Moring represented Marshall Wace.
InBrace, the orthodontic company behind the novel Smartwire™ category of behind-the-teeth teeth straightening, announced the closing of an oversubscribed $102 million Series D financing by funds affiliated with new investor groups co-led by Farallon Capital Management and Marshall Wace. Additional new investors included funds and accounts managed by BlackRock, Endeavour Vision, MVM Partners, RTW Investments, and Soleus Capital, as well as funds affiliated with existing investors Vivo Capital, Novo Ventures, and venBio.
InBrace is one of the fastest-growing companies in the $40 billion orthodontics market. The company intends to use the proceeds from the Series D financing to accelerate growth by expanding its salesforce, launching new marketing initiatives, and driving further support and integration with new and existing orthodontic providers across the country.
The Wilson Sonsini team that advised InBrace on the financing included Julia Reigel (Picture), Kevin Rogan, and Marianne Stark Bradley.
The Crowell & Moring deal was led by Jon O’Connell with contributions from John Fuson, Anne Li, Steve Ryan, and Justin Lurie.
Involved fees earner: John Fuson – Crowell & Moring LLP; Anne Li – Crowell & Moring LLP; Justin Lurie – Crowell & Moring LLP; Jon O’Connell – Crowell & Moring LLP; Steven Ryan – Crowell & Moring LLP; Julia Reigel – Wilson Sonsini Goodrich & Rosati; Kevin Rogan – Wilson Sonsini Goodrich & Rosati;