Los Angeles – October 26, 2021 – Cooley advised Los Angeles-based venture capital firm UP.Partners, which supports companies that are transforming the moving world, on the closing of its inaugural $230 million fund. Partner John Clendenin led the Cooley team advising UP.Partners.
Alaska Air Group, ARK Invest founder and CEO Cathie Wood, Toyota subsidiary Woven Capital, Standard Industries, Hillwood and OSM Maritime joined the fund, among others. UP.Partners will dedicate the fund to investing in emerging technologies facilitating the reinvention of transportation and logistics, which together represent 10% of global gross domestic product, or about $10 trillion annually.
UP.Partners invests in the pioneering entrepreneurs who are creating the key enabling technologies that help move people and goods in a cleaner, faster, safer and more efficient way in a multidimensional world. It convenes and partners with some of the world’s most innovative investors and companies in aerospace, automotive, maritime, technology (hardware and software), telecom, finance and media to foster a virtuous ecosystem. Together they are working to harness the movement of electrons, atoms and capital to accelerate a brighter future for mobility worldwide.
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