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DEAL NOTE: Crowell & Moring Advises Konvoy Ventures in Multiple Gaming Investments

Firm News | 2 min read | 06.07.21

San Francisco – June 7, 2021: Crowell & Moring represented venture capital fund client Konvoy Ventures in six equity investments set to turbo-charge the gaming space.

  • Konvoy led the $7,500,000 Series A financing of ADG Technology Inc. (DBA Carry1st), a leading mobile game publisher in Africa. More details can be found here.
  • Konvoy participated in the  $7,500,000 Series A financing of Axie Infinity Limited, a gaming studio that uses NFTs to rewards players for their play. More details can be found here.
  • Konvoy participated in the Series A financing of Bunch Live Inc., a party app for multiplayer games. More details can be found here.
  • Konvoy led the Series Seed equity round of Goss Inc., a leading UK-based mobile social media platform that provides women with the opportunity to bet on their interests in a fun, social, and gamified way. More details can be found here.
  • Konvoy led the Series Seed equity round of Finland-based Quicksave Interactive Oy, a game platform developing fun, gaming-based chatting applications. More details can be found here.
  • Konvoy led the Series Seed equity round of Austin, TX-based Muxy Inc., a creator of interactive live video content with the technology to enable streamer/audience engagement with a developer framework and a toolset for viewers to directly impact gameplay.

These investments add to Konvoy’s burgeoning portfolio of companies in the $66 billion gaming industry, and expands their footprint as a top early-stage fund focused on bold innovations within the gaming space. The team was led by San Francisco-based partner Matthew Melville and included New York associate Justin Lurie. Crowell & Moring worked alongside Josh Chapman, Jason Chapman, and Jackson Vaughan to close these cutting-edge gaming investments.

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Firm News | 1 min read | 07.16.24

Crowell & Moring Advises itselectric in $6.5 Million Seed Funding Round

New York – July 16, 2024: Crowell & Moring represented itselectric, a Brooklyn-based electric vehicle curbside charging company, in closing a $6.5 million in a seed funding round. The round was led by Failup Ventures and Uber Technologies, with additional participation from Halogen Ventures, The Partnership Fund for NYC, Pulse Fund, Newlab, Gratitude Railroad, Tale VP, Equity Alliance Fund, LACI Impact Fund, and The Helm. This new funding will support itselectric's expansion to seven U.S. cities in 2024, including Boston, Los Angeles, Detroit, Jersey City, and San Francisco, and will help meet the growing demand for convenient and affordable curbside EV charging solutions.With the rapid growth of EV sales in the U.S. and the increasing need for charging infrastructure, itselectric's innovative Level-2 charging posts offer a scalable solution. These chargers connect behind-the-meter to draw spare electrical supply from adjacent buildings, eliminating the need for utility permitting and coordination. This approach allows for zero-cost installation to property owners and cities, while also providing a revenue-sharing model that benefits property owners. Additionally, itselectric's UL-certified detachable cable EV chargers emphasize safety, customer experience, and product quality.New York-based corporate partner Matthew Moisan led the deal with assistance from counsel Justin Lurie and associate Justin Porter....

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