BOSTON, July 18, 2022 – Proskauer, a leading international law firm, announced today that it advised ARCH Venture Partners (“ARCH”) on the closing of ARCH Venture Fund XII. The fund closed with $2.975 billion in commitments and will invest in the creation, development and funding of early stage biotechnology companies.
ARCH Venture Partners invests in advanced technology companies and is one of the largest early stage technology venture firms in the U.S. They are a recognized leader in commercializing technologies developed at academic institutions, corporate research groups and national laboratories.
This is the latest fund formation Proskauer has advised ARCH on as part of its long-standing relationship with the firm, which goes back to its founding more than 30 years ago. Most recently, the Firm advised on ARCH Venture Fund XI, which closed in January 2021 with $1.941 billion in commitments, and ARCH Venture Fund X and ARCH Venture Fund X Overage, which closed with a combined $1.46 billion in April 2020.
The Proskauer team was led by partners Robin Painter and David Jones, senior counsel Louis Sorgi, associates Alexandria Martin, Vineet Chandra and Celeste Kim (Private Funds); partner Jeremy Naylor and associate Kim Swiszcz (Tax); and senior counsel Adam Scoll (ERISA).
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