Add a bookmark to get started

7 June 20232 minute read

DLA Piper advises Point72 in EliseAI’s US$35 million Series C funding

DLA Piper LLP (US) advised Point72 Private Investments, an institutional private investing platform and affiliate of Point72 Ventures, in EliseAI’s US$35 million Series C financing round. Point72 led the fundraising round with additional participation from Koch Real Estate Investments, an affiliate of Koch Investment Group.

Elise A.I. Technologies Corp. creates transformative technology to help businesses work better and more efficiently, streamlining communication between company and customer. With its state-of-the-art AI platform, EliseAI moves industries forward in time, helps lower operational costs and offers more value to customers.

“We were pleased to advise our client Point72 in leading the fundraising round for EliseAI, an exciting and innovative AI platform,” said Charles Torres, the Vice Chair of DLA Piper’s Emerging Growth and Venture Capital practice and the partner who led the deal team. “On behalf of our deal team, we were thrilled to bring to bear our industry-leading experience and skill set to close the fundraising round quickly.”

Along with Torres (New York), the DLA Piper team that advised Point72 included partners Larissa Bifano (Boston), Jordan Bailowitz (Baltimore); counsel Lael Bellamy (Atlanta); and associates Maria Schwartz, Edward Rooker (New York) and Austin McCarthy (Boston).

DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers who provide strategic counsel to emerging companies in high-growth industries, including technology, healthcare, pharma & biotech, financial services, manufacturing, and communications. Over the last three years, DLA Piper has completed more than 2,100 financings globally totaling over US$80 billion.