Foley Represents NEA as a Lead Investor in $50M Funding Round for Fabric8Labs

Foley & Lardner LLP recently represented New Enterprise Associates, Inc. (NEA) as lead investor in the $50 million funding round for Fabric8Labs, the company pioneering electrochemical additive manufacturing (ECAM). NEA was joined by Intel Capital, with participation from existing investors Lam Capital, TDK Ventures, and SE Ventures, as well as new investors Marunouchi Innovation Partners, SK hynix, Ericsson Ventures, Masco Ventures, and Toppan Global Venture Partners.

Powered by its breakthrough ECAM technology, Fabric8Labs is scaling up production of next-generation electronics components that enable leading-edge systems in thermal management (AI/HPC), wireless communications (RF), and power electronics. The funding will be used to expand its U.S.-based advanced manufacturing facilities, boosting capacity to produce tens of millions of components annually. 

NEA is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. NEA invests in technology and health care companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of investing includes more than 270 portfolio company IPOs and more than 450 mergers and acquisitions. 

The Foley team was led by partner Louis Lehot and included partner Alicia Dorner and associates Saige Gallop and Trevor Mullin.