Gunderson Dettmer

Gunderson Dettmer released its 2024 Venture Capital Report, analyzing data collected from thousands of venture financing transactions in which the firm has represented clients. The report examines market trends in deal activity, valuation and transaction size and includes spotlight sections on AI and life sciences deal-making. Included throughout are insights from Gunderson partners who provide additional context on market dynamics. Contributors: Tim Ehrlich, Steve Franklin, David Gammell, Michael Irvine, Melissa Marks, Ryan Purcell, Aaron Rubin and Heidi Walas Download the full report here. https://bit.ly/41aYOys #VentureCapitalReport #VC #Report

As noted in our February 20, 2025 Client Insight, FinCEN previously extended the beneficial ownership information reporting deadline under the CTA to March 21, 2025. In that announcement, FinCEN noted that it intended to use such extended time period to further assess its options regarding additional modifications to the reporting rules and deadlines. On February 27, 2025, FinCEN issued a Notice providing its first set of additional guidance in relation to such ongoing assessment. The Notice states that FinCEN will not issue any fines or penalties to any company based on a failure to comply with the current reporting deadlines (i.e., March 21, 2025 for most companies). Further, FinCEN will, by March 21, 2025, issue an interim final rule further extending the reporting deadlines and any enforcement actions will only resume after the passing of such new deadlines. Keep up to date with Gunderson Dettmer here. https://bit.ly/41ySvGm

ICYMI, Gunderson Dettmer partners Andrew Luh, John Olson and Andrew Thorpe hosted the webinar, “The Nimble Dance: Dual Track Transformation via IPO or M&A." Many private company founders and investors dream of finding success – and liquidity – via initial public offering (IPO). Every IPO candidate needs also to consider the alternative possibilities of a merger or acquisition (M&A) exit – whether by proactively designing a structured “dual track” process, or by preparing a playbook for unsolicited M&A bids received prior to IPO launch. Watch the webinar discussing the dual-track strategy and how company leaders can be prepared to pivot quickly between the IPO and M&A paths to maximize value and sidestep challenges. Watch here. https://bit.ly/4gUf8JT #Webinar #GundersonExits #IPO #MergersAndAcquisitions

Phantom acquired SimpleHash to deliver best-in-class token data to users. Simplehash is an industry-leading token data platform that provides real-time, comprehensive blockchain insights. Phantom CEO Brandon Millman said, "By bringing on SimpleHash, we’re ensuring that Phantom users have the most accurate and comprehensive token data. SimpleHash unlocks a whole new level of usability for Phantom users." The Gunderson Dettmer deal team was led by Randall Clark, Aliya Sanders and Valerie Wood. Learn more here. https://bit.ly/3YXdGPT #Phantom #SimpleHash #Crypto #Wallet

Zhen Liu, Head of Gunderson Dettmer’s China practice, was interviewed by Vivian Li of Mergermarket in the article, ”China Exits: Minority Investors Look to Force Their Way Out via Redemptions.” The article explores redemptions in China’s PE/VC investments, examining their role in investor protection and best practices. Zhen said, “99% of the deals Liu has done for offshore structures were without founder liabilities on redemption. However, in the past couple of years, a few “traditional and otherwise standardized” US dollar investors have started to ask founders to back up redemption personally. A more widely accepted type is where the founders are liable, but only secondarily to the company, and/or the liabilities are capped at the value of the shares. In extreme cases, however, certain RMB investors participating in offshore deals would ask founders to have unlimited liabilities.” Read the full article here (subscription required): https://lnkd.in/ejzxscMZ #China #exits #venturecapital

Gunderson Dettmer is proud to share that Massachusetts Lawyers Weekly recognized Boston partner Max Perlman as a 2025 Massachusetts Go To Employment Lawyer. In the article announcing the distinction, Perlman is described as a “go to lawyer” for all employment needs and the “definition of a fixer” who can “always be counted on to fix any problems” and who always knows the best approach to get remarkable results. In addition to his inclusion in the 2025 list, Max was recognized as a Go To Employment Lawyer in 2023 and is only one of seven lawyers in the state to be named to both lists. Congratulations, Max, on this well-deserved honor. See the full publication here. https://bit.ly/3XjcHcN #MA #EmploymentLawyer #LawyersWeekly #Boston

Gunderson Dettmer represented LiblibAI, a leading AI image generation platform in China, in its tens of millions financing led by INCE Capital, marking a record in China’s AI application sector. The latest two rounds of financing were led by INCE Capital and Shunwei Capital, with over-subscription from Future Capital and other existing shareholders, and Giant Network acting as the industrial investor in this round. Founded in May 2023, LiblibAI enables cutting-edge content creation through multi-scenario and multi-dimensional applications and interactions. The new funding will support the enhancement of creator ecosystems, research and development, and AI-driven creative infrastructure, further strengthening technology and user experience. In the announcement of the transaction, INCE Capital founding partner Stella Zhou said, “As the largest professional image generation modeling community in China, LiblibAI has established a good reputation in the industry with its open data ecosystem and excellent core competitiveness. With the team’s top technical R&D strength and community operation capability, the dual-core drive makes LiblibAI stand out in the fierce market competition. We have confidence in the future of LiblibAI, and believe that they can continue to play to their strengths, based on China’s designer ecosystem, integrate global model supply chain resources, and empower more content creators with the power of AI.” Congratulations to LiblibAI and its investors on this significant milestone! https://lnkd.in/g57QEmfR #AI #China Zhen Liu, Huihui Cai, Chen Gao

Lambda CEO and co-founder Stephen Balaban said, “AI is fundamentally restructuring our economy. Lambda is investing billions of dollars to build the software platform and infrastructure powering AI. We build software tools that delight the AI Developer, and a platform that truly puts AI into the hands of the many." The company’s GPU cloud and on-prem hardware enables AI developers to easily, securely and affordably build, test and deploy AI products at scale. Congratulations to Lambda on its $480 million Series D financing to accelerate the expansion of the Lambda Cloud platform, Lambda Model Inference API and Lambda Chat AI Assistant. Learn more here. https://bit.ly/3Qz0z3s #Lambda #AI #SeriesD

Gunderson Dettmer is proud to share that Forbes recognized 5 company clients in its 10th annual Fintech 50 list, making up 10% of the companies highlighted. This recognition underscores the impact and innovation of these businesses as they continue to scale and adapt in an evolving fintech landscape. The list features companies that are not only growing rapidly but also driving change, even as industry valuations and investment trends shift. Congratulations to our clients for this well-earned recognition! Brico, Kudos, Parafin, Pulley and SQUIRE Learn more here. https://bit.ly/3QxnM6d #Forbes #Fintech50 #Fintech

Frontera CEO and co-founder Amol Deshpande said, “As a parent of a son with autism, I saw firsthand how challenging the system is for clinicians. Faster diagnoses and accelerated care lead directly to better outcomes later in life." The company has introduced its revolutionary, multi-modal Frontera Digital Phenotyping solution, an AI-powered digital phenotyping technology that transforms how children access and receive treatment. Congratulations to Frontera on its launch and $32 million Seed financing co-led by Lux Capital and Lightspeed. https://bit.ly/4hNjDqR #Healthcare #Frontera #AutismCare #AI