Gunderson Dettmer

Exciting news! We dominated the Q2 2024 PitchBook Global League Tables and released our Q2 Valuation Report. We have once again been recognized as the most active law firm globally by PitchBook. This achievement is a testament to our clear focus and commanding presence in the innovation economy. Credited with 317 financings and a total of more than $19 billion raised for the most promising startup companies worldwide, Gunderson is proud to be at the forefront of driving innovation and growth. Complementing the win, our Q2 Valuation Report breaks down the quarter and provides valuable insights from our partners. This report dives deep into some of the proprietary data we collect, analyzing deals Gunderson finalized in Q2. The data includes Seed financings and SAFEs to later-stage rounds where we cover transaction amounts, pre-money valuations, and deal counts. Among other insights, the data suggests that our clients who closed financings in Q2 2024 are seeing higher valuations across all stages, as compared to the prior quarter. To make this report even more valuable, three of our corporate partners share insightful commentary by deal stage. Drawing from their extensive experience as trusted advisors, they provide unique perspectives and translate market signals into actionable strategies. Stay ahead of the game with Gunderson Dettmer. Read our news insight to learn more about our dominance in the PitchBook Global League Tables and gain valuable insights from our Q2 Valuation Report. PitchBook News: https://bit.ly/46QBjwQ Valuation Report: https://lnkd.in/deJhtNer #GundersonDettmer #PitchBook #ValuationReport #InnovationEconomy #TrustedAdvisors

Gunderson Dettmer represented Wasoko in its merger-of-equals with MaxAB. The merged entity will form Africa's largest network of B2B informal retailers with more than 65 million consumers and 450,000 merchants. Founder and CEO of Wasoko and co-CEO of the combined entity, Daniel Yu, said, “Through our integrated technology stack, our expanded Pan-African reach uniquely positions us to offer the best products and services from across Africa at maximum accessibility and affordability, supercharging our growth beyond what either company could achieve independently.” Congratulations to the companies and our team on the historical milestone. Learn more here. https://bit.ly/3ADb6G8 The Gunderson Dettmer team was led by corporate partner Bradley Krack, Ibrahim Elshamy and Anthony Ramirez and included Mark Foster, Michael Richman, Amy Luong, Natalie Kerr and Sofia Rattes. #Africa #B2B #ECommerce #Merger

Gunderson Dettmer client talkshoplive® and NBCUniversal announce a new partnership that will see the two digitally innovative companies creating and streaming shoppable livestreams featuring top talent as they sell music, books, merchandise and more. TalkShopLive Co-founder and CEO Bryan Moore said, "NBCUniversal is one of the most powerful brands in entertainment. Their massive reach paired with the power and scale of TalkShopLive's multi-embed point-of-sale technology is truly a game changing partnership for what the future of video commerce and bridging the worlds of entertainment and retail together looks like--making every moment shoppable. This partnership is transformative for talent, brands and retailers looking to reach new customers and drive sales." The partnership launched last week starting with a live stream featuring multihyphenate entertainer and creator Paris Hilton. Learn more here. https://prn.to/3X0wr41 #NBC #TalkShopLive #Partnership

Using open-source principles that reduce medical device regulatory time and costs, Gunderson Dettmer client Openwater aims to make hospital-grade medical care accessible worldwide. Openwater's technology integrates semiconductor physics, light, and sound to diagnose and treat diseases at the cellular level. Collaborations with institutions including UCLA, the University of Arizona, the University of Pennsylvania, and Brown University have validated the technology's potential across multiple medical fields. In the announcement of the company's $100 million financing, founder and Chief Executive Officer Mary Lou Jepsen said, “As a brain tumor survivor, I’m not just developing technology; I’m fighting for my life and the lives of millions like me. We’ve shrunk brain tumors and treated depression using lower intensity sound waves than fetal ultrasounds.” Learn more here. https://bit.ly/4g3CoG8 #Openwater #MedicalTechnology #LifeSciences #OpenSource

Gunderson Dettmer sponsored Cloud9 Capital's Open Cloud event that brought together over 100 entrepreneurs from Brazil's leading SaaS companies. Gunderson São Paulo partner Christel Hupfeld Moreno and associate Eduarda Tavares participated in the all-day event, which offered numerous networking opportunities and featured speakers from companies including Bessemer Venture Partners, G5 Partners and Cloud9. The discussions covered the current state of the technology ecosystem, and more specifically software, in Brazil and around the world. #OpenCloud24 #Brazil #SaaS #Software

Congratulations to the Gunderson Dettmer Asia team. We are proud of their continued hard work and dedication to supporting the vibrant venture capital ecosystem in Southeast Asia and India.

Last week, Gunderson Dettmer Los Angeles teamed up with Plug In Ventures to host a founders beach day event. Gunderson partner Cody Peterson and associates Ibrahim Elshamy, Jared Mayberry, and Nick Feldman joined over 30 founders, VCs, and industry professionals from the region for an evening filled with meaningful conversations, reinforcing the strong community spirit within the VC ecosystem in Los Angeles. Associates Maurice Osei and Mike Mattheiss were also in attendance. #LA #BeachDay #Founders #VC

Gunderson Dettmer represented Viking Global Investors in its investment in BridgeBio's offshoot GondolaBio. According to Fierce Biotech's feature on the announcement, “GondolaBio will conduct R&D, manufacturing and commercialization activities for early-stage clinical or preclinical programs across three indications: a rare inherited metabolic disorder known as erythropoietic protoporphyria, a genetic lung condition called alpha-1 antitrypsin deficiency and a rare genetic disease called tuberous sclerosis complex.” Congratulations to the teams! Learn more here. https://bit.ly/4dulYEV #LifeSciences #BioTech #GondolaBio

How can one compare the effectiveness of one GenAI solution over another for the legal industry?  Some legal use cases are very measurable. Does an AI system select the correct law? That is measurable. But how does one measure the correctness of a contract clause?    This year, Ken Crutchfield of Wolters Kluwer will lead us through a discussion on how we might benchmark different AI outputs and the effectiveness of AI on the outcomes that are important to legal professionals and clients.   Register now to be part of the conversation! https://lnkd.in/gvZQjF9G   This year we are shifting our programming to include more mini-sessions we are calling "Something on My Mind" (SOMM) Sessions, where prominent folks in the LegalTech industry present an interesting problem, hypothesis, new technology or trend they'd like to discuss and get immediate feedback on. Our goal is to catalyze conversations that continue after we part ways.   SOMM sessions this year:   Ken Crutchfield, Wolters Kluwer Benchmarking AI Systems and Assessing Outcomes   Dennis Garcia ⚖️, Microsoft Change Management for Lawyers in the Era of AI    Joe Green, Gunderson Dettmer The New Normal for Teaching and Training Young Lawyers    Conan Hines, Fried Frank Marketing LegalTech with Savvy, Not Hype   Enam Hoque, LawBeta The Effectiveness of Synthetic Data for Legal Contracting Tasks Léo Murgel, Salesforce Real AI Business Impact with Clicks Not Code   William (Bill) Mills, LexisNexis How Will GenAI Affect the Running of Corporate Legal Departments?   Scott Mozarsky, JEGI CLARITY  The Inevitable: MSOs Entering the Legal Market    John Scrudato, Latham & Watkins Collaboration and Open Source in the Legal Industry   Ahmed Shaaban, Fulcrum GT Reimagining the Legal Supply Chain - Where Are We Now and Where Are We Going?   #LegalTech #Innovation #AI #Workshop #Networking #Event   This Workshop is sponsored by Fulcrum GT, JEGI CLARITY, and Wolters Kluwer

Gunderson Dettmer client Lux Capital makes its first Brazil-based investment in leading the $4 million Seed financing of Magie, the first bank on WhatsApp. TechCrunch's feature on the investment states, “Cofounder Luiz Ramalho’s ultimate goal is for Magie to be a more full-fledged financial assistant — and an equalizer. He hopes to potentially charge for a premium subscription, where Magie can help users work through financial decisions, like what kind of loan to take out and at which bank.” Congratulations to the teams! Learn more here. https://bit.ly/3yRe21y #AI #LatAm #Fintech #Banking