Our Private Equity Group is considered the go-to practice for complex, bespoke and firm-defining transactions. With clients ranging from the world’s leading institutional asset managers to prominent middle-market private equity and growth equity firms, we offer comprehensive advice to general partners, limited partners, co-investors and other equity stakeholders, as well as portfolio companies, lenders and financial sponsor groups. The depth and continuity of our relationships across the industry gives us a nuanced understanding of each client’s objectives and allows us to provide seamless, efficient counsel across the investment lifecycle.
D1 Capital Leads Investment in Groq
- Client News
- April 14, 2021
Paul, Weiss advised D1 Capital as lead investor, alongside Tiger Global Management, in a $300 Series C financing round in Groq Inc. Groq is a leading innovator in compute accelerators for artificial intelligence, machine learning and high performance computing. The funding round brings Groq's total funding to $367 million and allows Groq to grow across industries and accelerate its next-generation products in development. The Spruce House Partnership and Addition, the venture firm founded by Lee Fixel, also participated in the round.
The Paul, Weiss team included corporate partners Ted Ackerman, Udi Grofman and Raphael Russo, and former counsel Nathan Sawyer; tax partner David Mayo; and antitrust counsel Marta Kelly.