Foley Represents Technology-Focused Growth Equity Fund Riverwood Capital in $123M Series E Funding Round for Alation, a Provider of Data-Cataloging Software

03 November 2022 News

Foley & Lardner LLP recently represented Riverwood Capital, a technology-focused growth equity fund, as an investor in Alation, a provider of data-cataloging software, in its $123 million Series E funding. Thoma Bravo, Sanabil Investments, and Costanoa Ventures co-led the funding round, and Riverwood was joined by additional investors Databricks Ventures, Dell Technologies Capital, HPE, Icon Ventures, Queensland Investment Corp., Salesforce Ventures, Sapphire Ventures, and Union Grove.

With this most recent funding round, Alation is valued at over $1.7 billion, 1.5 times higher than the company’s previous valuation. Alation will use the new capital toward investments in product development, including through acquisitions, and expanding Alation’s sales, engineering and marketing teams, with a focus on the public sector and corporations based in Asia Pacific, Europe, Latin America, and the Middle East.

Riverwood Capital invests in high-growth technology and technology-related companies in need of capital and expertise to scale on a global basis. The Riverwood team was led by Harish Belur, Vizay Kotikalapudi, and Anant Goel.

The Foley team was led by Partner Louis Lehot and included Partners Casey Knapp, Michael Overly, and Raj Tanden, Of Counsel Alidad Vakili, and Associates Ethan Floyd and Tiffany Young.

Foley’s Innovative Technology Team consists of attorneys across 25 offices, including corporate attorneys, litigators, and highly skilled PhDs and engineers who can help navigate the nuances of technological advancements. Foley’s cross-disciplinary team of attorneys and professionals understands the impact of innovative technology and helps clients develop future-proof legal strategies for their businesses. The team supports founders and entrepreneurs with the tools they need to launch their business toward growth, no matter the stage. For more information, visit FoleyIgnite.com.

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