Global law firm Ashurst has advised Entrepreneurs First on it US$200 million fundraising, with investment from new and existing investors, including John & Patrick Collison, Eric Schmidt, Matt Cohler and Charlie Songhurst.
Entrepreneurs First operates a platform that runs cohorts and accelerator programs for talented and ambitious individuals to build companies from scratch, providing initial capital and infrastructure support. Entrepreneurs First's programs operate globally, with a core focus in the UK, Europe and the US, with Entrepreneurs First's portfolio of companies now valued at over $16 billion.
The fundraising will fuel Entrepreneurs First's continued support of the ecosystem and investment in entrepreneurs, by providing further capital to expand its offering and support the initial capital requirements of innovative businesses.
The Ashurst team was led by corporate partner Jacob Gold, senior associate Dillon Fuzi and associate Rebekah Oakes. Partners Patricia Allen and Sharon Kim, and associate Aaron Robertson advised on tax matters, partner Bradley Rice provided support on the financial regulatory aspects and counsels Jeffrey Johnson and Margaret Sheehan provided support on US securities laws aspects.
