Fenwick & West LLP represented Madrona Venture Group, a Seattle-based venture capital firm, in co-leading its recently announced $15 million Series A financing for Echodyne Corp., a privately-held company focused on bringing metamaterials-based radar products to market. The round was also co-led by Bill Gates and included participation from Vulcan Capital, Lux Capital, The Kresge Foundation and others.
With the new funds, the company will continue to develop breakthrough metamaterials-based radars, which stand to be disruptive to existing radar markets, but also enabling for whole new categories of radars never before contemplated or thought possible. More information about Madrona Ventures’ Series A investment in Echodyne can be obtained from the company press release.
The Fenwick transaction team was led by corporate partner Alan Smith and corporate associate Andrew Albertson; and technology transactions partner Jake Handy.