ERM advises Capital One Bank as co-investor in the financing of fintech unicorn Melio, both by way of direct investment and by way of warrants linked to commercial milestones tracking a commercial agreement as between Capital One and the company. Due to complex US bank regulatory matters, and timing of the investment, Capital One’s joining of the previously negotiated C round (alongside investors such as Coatue, General Catalyst, Accel, Bessemer Venture Partners, and others) required re-negotiation of various elements of the previously signed series C SPA, as well as significant changes to the target’s articles.
Jeremy Seeff, partner at ERM’s High-Tech & Venture Capital practice, acted for Capital One Bank together with associates Dr Laura Jelinek.
For media coverage of the deal, please click here.