Orrick Advises Coatue in UiPath's $568 Million Series D

May.01.2019

Orrick has advised lead investor Coatue Management on UiPath’s $568 million Series D funding round, bringing its post-money valuation to $7 billion. Other investors in the round included Dragoneer, Wellington, Sands Capital, funds and accounts advised by T. Rowe Price Associates, Accel, CapitalG, Sequoia, IVP and Madrona Venture Group.

UiPath is a leading robotic process automation software company and one of the highest-valued AI companies worldwide. The company plans to use the additional funding for strategic investments and research and development.

Orrick has advised Coatue on numerous investments over the years. Most recently, it counseled Coatue on its follow-on investment in DoorDash’s $400 million Series F and its investment in Swiggy’s $1 billion Series H.

The Orrick team was led by John Bautista and Josh Pollick, and included Julia Ledbetter, David Benhamou and Jake Routhier. Additional assistance was provided by Harry Clark, Maria Sergeyeva, Mike Yang, Katherine Hogan, Tim Greene, Daniel Yost, Janice Dow, Kyle Kessler and Joyce Chen.

Related Lawyers

John Bautista Partner, Technology Companies Group, Mergers & Acquisitions

San Francisco; Santa Monica; Silicon Valley

See my bio

D:+1 650 614 7652
E: [email protected]

Practice:

Technology & Innovation Sector
Technology Companies Group
Mergers & Acquisitions
Corporate Governance
Fintech
Blockchain and Virtual Currency

vCard

See full bio

John Bautista Partner

San Francisco; Santa Monica; Silicon Valley

John focuses his practice on advising emerging companies and investors, and represents both public and private high-tech and life sciences companies in many areas, including corporate and securities law, venture capital financings, mergers and acquisitions, public offerings, public company representation and technology licensing.

The Recorder named John the “2019 Innovator of the Year” for his work as the chief lawyer on the Long-Term Stock Exchange, a U.S. Securities and Exchange Commission-approved exchange designed to change the paradigm of traditional stock markets by rewarding entrepreneurs and investors committed to long-term business strategies. Financial Times recognized John as one of the Top 10 Most Innovative Individuals of the Year in 2017, calling him “one of the most influential lawyers in the technology ecosystem of Silicon Valley.” He is ranked Band 2 by Chambers USA California, for Venture Capital and Chambers USA Nationwide, ranked him Band 3 for Startups & Emerging Companies.

John is a Board member and co-founder of the Long-Term Stock Exchange, which is creating a new stock exchange for public companies supporting long-term investors, as well as an advisor and co-founder of Clerky.com, a company automating legal work for early-stage companies. He is also recognized for his work with Y Combinator companies.

Prior to joining Orrick, John was a founding attorney of Venture Law Group and served on the Executive Committee. John previously practiced at Wilson, Sonsini, Goodrich & Rosati. John also served as Mayor of the City of Cupertino, California and a council member from 1993-1997, where he helped build important public partnerships, including with Apple Computer, the Mid-Peninsula Open Space Preserve, and San Jose and California Water Companies.

Josh Pollick Partner, Technology Companies Group, Mergers & Acquisitions

Santa Monica

See my bio

Practice:

Technology & Innovation Sector
Technology Companies Group
Mergers & Acquisitions
Fintech

vCard

See full bio

Josh Pollick Partner

Santa Monica

Josh represents high-growth technology companies and venture capital firms in many areas, including corporate and securities law, corporate formations, venture capital financings, mergers and acquisitions, public offerings, secondary offerings and SPAC transactions.

Josh has been recognized by Chambers and Partners USA, Legal500, and Super Lawyers for his work representing startups and venture capital funds.

Josh’s company-side representations include Dave, Deel, FabFitFun, Grow Therapy, Retool and Stripe.

In addition to his company-side representations, Josh has represented leading venture capital firms and other strategic investors, including Coatue, Darsana Capital and D1 Capital.