Latham Advises Lead Investor Dragoneer Investment Group on Waymo’s US$16 Billion Funding, the Largest Funding Round in the Mobility Space

Waymo has announced a US$16 billion investment round valuing the company at US$126 billion post‑money. In addition to Alphabet’s strong sustained support as majority investor, the financing was led by Dragoneer Investment Group, DST Global, and Sequoia Capital, and included significant investments from Andreessen Horowitz and Mubadala Capital, as well as Bessemer Venture Partners, Silver Lake, Tiger Global, and T. Rowe Price. Additional investors included BDT & MSD Partners, CapitalG, Fidelity Management & Research Company, GV, Kleiner Perkins, Perry Creek Capital, and Temasek, underscoring the Waymo Driver’s status as the world’s most trusted, proven, and scalable solution for the future of transportation.

Latham & Watkins LLP represented Dragoneer Investment Group in the transaction with a corporate team led by partners Kristen Grannis and Haim Zaltzman, with counsel Andy Moosmann and associates Maddy Berg, Brian Wolgast, Alberto Cabrera Rivera, and Lauren Stark. Advice was also provided on tax matters by partner Katharine Moir, with associate Dennis Poehland; on intellectual property matters by partner Deborah Hinck, with associates Zachary Shufro and Daniel Barks; on labor and employment matters by counsel Laura Waller; on data privacy matters by associate Austin Anderson; on benefits and compensation matters by partner Josh Friedman, with associate Rebecca Fishbein; on litigation matters by partner Nathan Sandals; and on regulatory matters by partner Kevin Chambers.