UP.Partners Closes $230 Million Fund

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.

About Cooley LLP

Clients partner with Cooley on transformative deals, complex IP and regulatory matters, and high-stakes litigation, where innovation meets the law.

Cooley has 1,500 lawyers across 17 offices in the United States, Asia and Europe.

This content is provided for general informational purposes only, and your access or use of the content does not create an attorney-client relationship between you or your organization and Cooley LLP, Cooley (UK) LLP, or any other affiliated practice or entity (collectively referred to as “Cooley”). By accessing this content, you agree that the information provided does not constitute legal or other professional advice. This content is not a substitute for obtaining legal advice from a qualified attorney licensed in your jurisdiction and you should not act or refrain from acting based on this content. This content may be changed without notice. It is not guaranteed to be complete, correct or up to date, and it may not reflect the most current legal developments. Prior results do not guarantee a similar outcome. Do not send any confidential information to Cooley, as we do not have any duty to keep any information you provide to us confidential. This content may be considered Attorney Advertising and is subject to our legal notices.