Grant L. Page

Cooley advised Reserv, a tech-enabled third-party administrator, on its $25 million Series B financing, bringing the company’s total funding to $55 million. Lawyers Winston Gu, Grant Page and Adam Bloom led the Cooley team advising Reserv.

Cooley advised Cobre, a Colombia-based treasury platform that has been powering top Latin American chief financial officer (CFO) offices since 2020, on its $35 million Series B funding.

Cooley advised QED Investors, a leading global venture capital firm based in Alexandria, Virginia, as the lead investor in Aplazo’s $70 million equity financing, including a $45 million Series B.

Cooley advised COUR Pharmaceuticals, a clinical-stage biotechnology company focused on the development of first-in-class disease-modifying therapies designed to induce antigen-specific tolerance for immune-mediated diseases, on the close of its $105 million Series A financing.

Cooley advised Reserv, a leader in artificial intelligence-driven insurance claims processing, on a $20 million Series round of financing to expand its generative AI claims data analysis tools. Partner Winston Gu led the Cooley team advising Reserv.

This funding round was co-led by Altai Ventures and Bain Capital Ventures, with participation from 8VC, Outpost Ventures, Convex Group, AXIS Capital, Anthemis Group and Arch Capital Group.

Reserv’s customers have seen a sustained reduction in cycle times for property and auto claims, and this funding will enable the company to extend those results to additional customers. While making critical claim information available in real time through multiple large language model generative AI tools feeding automated workflows, Reserv has grown its revenue more than 50x in the past year.

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