Envelop Risk’s $130 Million Series B Financing

In UK White & Case, advised on the matter.

White & Case advised SoftBank Vision Fund II with a team including Tim Hickman (Commercial Law), Marc Israel (Competition Law), Daniel Turgel (Picture – Corporate M&A), Nicholas Greenacre (Executive Compensation), Helen Joseph (Executive Compensation), Jonathan Rogers (Finance), Jonah Anderson (Penal Law).

Envelop Risk closed its US$130 million Series B financing, with Softbank Vision Fund II, as lead investor.

Envelop Risk is a leading data-driven underwriting and risk analytics business, which uses artificial intelligence to drive decision making and risk modelling. Headquartered in Bristol, UK, with offices in London, Bermuda, and San Francisco, Envelop Risk’s proprietary model assesses a wide range of companies, their susceptibility to cyber-attack and the sophistication of their defenses. That data is then benchmarked against emerging and historical attack trends to predict expected losses, which allows for a better understanding of reinsurance pricing.

The White & Case team which advised on the transaction was led by partner Dan Turgel (Picture) and associate Helen Pantelides, with support from partners Jonah Anderson, Nicholas Greenacre, Helen Joseph, Jonathan Rogers, Tim Hickman and Marc Israel (all London), counsel Sara Nordin (Brussels) and associates Nick Crawford, Francis Brown, Mhairi Fraser, Francesca MacSwiney, Harriet Baldwin, Joe Devine, Luc Rosenberg (all London) and Matthias Vangenechten (Brussels).

Involved fees earner: Jonah Anderson – White & Case; Francis Brown – White & Case; Nick Crawford – White & Case; Joe Devine – White & Case; Mhairi Fraser – White & Case; Nicholas Greenacre – White & Case; Tim Hickman – White & Case; Marc Israel – White & Case; Helen Joseph – White & Case; Francesca MacSwiney – White & Case; Sara Nordin – White & Case; Helen Pantelides – White & Case; Jonathan Rogers – White & Case; Daniel Turgel – White & Case; Matthias Vangenechten – White & Case;

Law Firms: White & Case;

Clients: SoftBank Vision Fund II;

Author: Giulia Di Palma