DLA Piper advises SmartRent in its US$60 million Series C financing
DLA Piper represented SmartRent, a smart home automation provider for property owners, managers, developers and residents, in its US$60 million Series C financing led by Spark Capital with participation from Bain Capital Ventures, RET Ventures, Fifth Wall, Energy Impact Partners and the Amazon Alexa Fund.
SmartRent offers a range of connected, brand-agnostic solutions designed to provide multifamily property owners, managers and residents with increased efficiency, convenience and security across their properties.
"Having served as SmartRent’s counsel in all aspects of its legal representation since its incorporation, we could not be more proud to have represented the company in this seminal financing, which reflects SmartRent’s status as one of Arizona’s premier, high-growth technology companies,” said Stephanie King, a member of DLA Piper’s national Emerging Growth and Venture Capital leadership group and the partner who led the firm’s deal team. “We look forward to continuing to work with the SmartRent team as they revolutionize the smart home industry.”
In addition to King, the DLA Piper deal team representing SmartRent also included partner David Lewis (both of Phoenix).
DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers in the US who provide strategic counsel to emerging companies in high-growth industries, including biotech, manufacturing, communications, software and semiconductors. In 2019, the firm handled more than 697 venture capital financings totaling over US$10.3 billion. Over the last three years, DLA Piper has completed more than 2,100 financings totaling over US$31 billion.
DLA Piper's global Technology sector lawyers work across practice areas and offices to support technology clients – from startups to fast-growing and mid-market businesses to mature global enterprises – doing business around the world.