DLA Piper advises MetaVC Partners in the launch of its first venture capital fund
DLA Piper represented San Francisco-based MetaVC Partners in the formation of its first venture capital fund, which will focus on venture capital investments in early stage startups using metamaterials technology, an area of cutting edge materials science that offers the potential to improve performance and reduce the size and weight of devices such as sensors and lenses.
“Metamaterials as a core technology are poised to be widely adopted by industry,” said managing partners of MetaVC Partners, Chris Alliegro and Conrad Burke. Alliegro and Burke were previously executives of the Invention Science Fund, a startup incubator that created several startups commercializing advances in metamaterials.
MetaVC Partners currently owns stakes in Mangata Networks, which develops advanced satellite computing and telecommunications services, and Neurophos, which focuses on optical neuromorphic computing products.
“It has been a pleasure to bring our extensive fund training capabilities, as well as our extensive experience in the technology sector, to advise MetaVC Partners on the creation of this fund,” said Yoni Tuchman, partner of DLA Piper who led the company’s negotiating team. .
In addition to Tuchman (Los Angeles), the DLA Piper team advising MetaVC Partners included partner SeoJung Park (Silicon Valley) and partner David Pennant (Philadelphia).
The Company’s Global Investment Funds team provides a dynamic and integrated service to sponsors, fund managers and institutional investors, supported by the Company’s international tax and regulatory networks. The team advises clients on the full spectrum of private equity funds, all major investment strategies and all stages of the life cycle of a private equity fund.