Latham Advises Haven Energy in US$40 Million Financing

Haven Energy, an energy tech company leading the rebuild of America’s grid infrastructure through the deployment and aggregation of distributed energy resources, has announced a US$40 million raise, consisting of an equity round led by Giant Ventures and a debt facility provided by Turtle Hill, with additional equity participation from California Infrastructure Bank, Carnrite Ventures, Chaac Ventures, Comcast Ventures, and Lerer Hippeau. The new funding will accelerate Haven’s partnerships with utility companies and community choice aggregators (CCAs), expand its leasing model and Channel Partner Program for local installers, and support the continued buildout of one of the nation’s largest virtual power plant (VPP) networks.

Latham & Watkins LLP represented Haven Energy in the funding with an emerging companies deal team led by New York partner Peyton Worley, with associates Ed Grigoryan, Daphne Lambadariou, and Martin Taxay. Advice was provided on the debt facility by Orange County counsel Josh Strathman, with associate Sager Moritzky.