Latham & Watkins Advises Black Forest Labs on US$300 Million Series B Financing

"Latham & Watkins LLP represented Black Forest Labs in a US$300 million Series B financing at a US$3.25 billion post‑money valuation. The round included existing backers such as a16z, NVIDIA and General Catalyst, with co‑leads Salesforce Ventures and Anjney Midha (AMP) and participation from Temasek, Bain Capital Ventures, Air Street Capital, Visionaries Club, Canva and Figma Ventures."

Latham & Watkins LLP represented Black Forest Labs in the transaction. Black Forest Labs, a frontier AI research laboratory focused on advanced technologies that shape visual understanding of the world, announced it has raised US$300 million in a Series B financing at a US$3.25 billion post‑money valuation. The funding round involved existing partners including a16z, NVIDIA, Northzone, Creandum, Earlybird VC, BroadLight Capital and General Catalyst. The financing also included investments co‑led by Salesforce Ventures and Anjney Midha (AMP), alongside participation from Temasek, Bain Capital Ventures, Air Street Capital, Visionaries Club, Canva and Figma Ventures. Latham & Watkins LLP represented Black Forest Labs with a team composed by: Bay Area partner Benjamin Potter and Orange County/Bay Area partner Nima Movahedi, leading the Emerging Companies & Growth team; associates Justin Tzeng and Tori Hu; and assistance from Kaesha Freyaldenhoven. Intellectual property advice was provided by Orange County/Los Angeles partner Ghaith Mahmood. Regulatory matters were handled by San Diego/Bay Area counsel Jennifer Howes, with associate Zac Alpert.

Latham & Watkins Advises Black Forest Labs on US$300 Million Series B Financing

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