Foley represented software incubator CoLabs in the formation of its Qualified Opportunity Fund (QOF) and the conversion of its operating business to a Qualified Opportunity Zone Business (QOZB). The new QOF/QOZB structure allowed Tampa-based CoLabs, which has grown to more than 20 employees, to raise over $6 million from 19 investors.
CoLabs is the one of the first fully-funded operating businesses in the Tampa Bay area to raise capital from investors making tax-deferred investments in opportunity zones. The company specializes in Software-as-a-Service (SaaS) using artificial intelligence and machine learning.
The Foley team was lead by Tampa-based associate Nick Horner (Tampa, FL) and Washington, D.C.-based Of Counsel David Weisblat.
CoLabs is the one of the first fully-funded operating businesses in the Tampa Bay area to raise capital from investors making tax-deferred investments in opportunity zones. The company specializes in Software-as-a-Service (SaaS) using artificial intelligence and machine learning.
The Foley team was lead by Tampa-based associate Nick Horner (Tampa, FL) and Washington, D.C.-based Of Counsel David Weisblat.
Related News
November 18, 2025
Press Releases
Foley Announces Joe Dowdy as Raleigh Office Managing Partner
Foley & Lardner LLP has appointed litigator Joseph Dowdy as managing partner of the firm’s Raleigh, North Carolina, office.
October 20, 2025
Press Releases
Foley Welcomes 2025 New Associate Class
Foley & Lardner LLP welcomes its 2025 associate class—69 new lawyers and clerks across 18 offices and 16 practice areas—highlighting the firm’s nationwide commitment to top legal talent, professional development, and client service excellence.
October 15, 2025
Press Releases
Foley Expands National Litigation Capabilities with Addition of Two Partners in Washington, D.C.
Foley & Lardner LLP announced today that it has expanded its Litigation Department with the addition of Jason Levine and Teresa Taylor as partners in the firm’s Washington, D.C. office. Levine joins the firm’s Antitrust & Competition Practice Group, while Taylor joins the firm’s Government Enforcement Defense & Investigations (GEDI) Practice Group.