Latham & Watkins Advises Sublime Systems on its US$40 Million Series A Financing

Sublime Systems, a developer of technology to produce decarbonized cement, has announced that it has closed a US$40 million Series A funding round, led by climate-tech focused fund Lowercarbon Capital with participation from existing investors including The Engine, Energy Impact Partners, and others. The company will use the new capital to ramp up production at its pilot plant, build its team, conduct product testing, and advance offtake commitments from new customers and partners.

Latham & Watkins LLP, who has represented Sublime Systems since the company’s incorporation, represents Sublime Systems in the financing with a Boston-based team led by corporate partner Dan Hoffman, with associates Martha Anderson and Daniel McCarthy. Advice was also provided on IP matters by partner Sarah Gagan.