Latham Advises Axoni in $18 million Financing from Leading Financial Institutions and Venture Investors

Interdisciplinary team advises on Series A financing.

December 22, 2016

Axoni, a leading provider of distributed ledger technology to the financial services industry, has announced the completion of an $18 million Series A financing round led by Wells Fargo and Euclid Opportunities, ICAP’s fintech investment business, bringing Axoni’s total funding to date above $20 million. The financing round also included participation from Goldman Sachs, J.P. Morgan, Thomson Reuters, Andreessen Horowitz, FinTech Collective, F-Prime Capital Partners, and Digital Currency Group.

Latham represented Axoni in the financing with a team led by New York FinTech partner Vivian Maese, with New York partner Jim Gorton, New York counsel Lou Trotta, New York associate Alexander Lazar, and London associate Fiona Maclean. Advice was also provided by New York partner Alan Avery and New York associate Pia Naib on bank regulatory matters; New York partner Jiyeon Lee-Lim on tax matters; New York partner Lawrence Buterman on antitrust and competition matters; Washington D.C. partner Jennifer Archie on data privacy matters; Washington D.C. counsel Kevin DiBartolo and Washington D.C. associate Annie Froehlich on trade regulatory matters; and Silicon Valley partner JD Marple on technology diligence matters.

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