Cooley-Led Design Software Co. Ceros Draws In $100M

Law360 (July 23, 2020, 2:42 PM EDT) -- Cloud-based design platform Ceros said Thursday that it raised $100 million in a financing round led by San Francisco-based technology investment firm Sumeru Equity Partners, in a deal guided by Cooley and Kirkland & Ellis.

New York-based Ceros, advised by Cooley LLP, said that management and unnamed existing investors participated in the round along with SEP, which was represented by Kirkland & Ellis LLP, according to a news release.

The companies said the deal closed in July. As part of the transaction, some of Ceros' existing investors will continue as major shareholders. Board members Lawson DeVries, a managing general partner of...

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