Latham & Watkins Advises Icon on US$200 Million Series D Financing

ICON, the global leader in advanced construction technology, has announced its US$200 million Series D financing co-led by Baillie Gifford and funds managed by BlackRock with participation from Capital Factory, CAZ Investments, Moderne Ventures, Moonshots Capital, Norwest, Overmatch, the Syndicate, and Tiger Global, among others. The financing will fuel the manufacturing and deployment of ICON’s robotic construction systems, open a large-scale R&D facility in Austin, Texas, advance its next-generation construction technologies, including Titan and Olympus, and rapidly expand ICON’s footprint across Texas, Florida, Washington, D.C., and new US markets.

Latham & Watkins LLP advised Icon in the transaction with a team led by Austin/Houston partner Scott Craig, with associates Mason Taylor and William Brown. Advice was also provided on regulatory matters by Los Angeles/Washington, D.C. partner Paul Rosen and counsel Cate Behles.