Latham & Watkins Advises Fontinalis Partners on US$104 Million Fund Formation

Members of the Investment Funds Practice represented the mobility-focused venture firm on the formation of its third fund.

August 20, 2021

Fontinalis Partners, a mobility-focused venture firm with offices in Detroit and Boston, has announced the closing of its US$104 million third fund, Fontinalis III. Fontinalis III brings the firm’s total committed capital to approximately US$270 million, and the fund is comprised of more than 30 limited partners spanning world-class institutional investors, individuals & family offices, and corporate investors with strategic relevance to mobility. In this new fund, the Fontinalis Partners team is primarily focused on investing in early-stage companies, from seed to Series B financings. Fontinalis will continue investing in startups directly impacting the movement of people and goods, as well as “enabling technologies” with outsized impacts in the mobility sector.

Latham & Watkins LLP advised Fontinalis Partners in the fund formation with an investment funds team led by Washington, D.C. partner Amy Rigdon, with associates Mario Richards and Trevor Kim. New York partner Gregory Hannibal advised on tax matters.

 
 
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.