We advised JPMorganChase as co-lead investor in the round

Davis Polk advised JPMorganChase’s Strategic Investment Group, part of the firm’s Security and Resiliency Initiative (SRI), in connection with its co-lead investment in the $800 million Series C preferred stock financing of Castelion Corporation. The equity financing was co-led by SRI, Andreessen Horowitz and funds managed by global investment firm Carlyle. Lightspeed Venture Partners, Lavrock Ventures, Altimeter, General Catalyst and Interlagos joined new investor T. Rowe Price Associates, Inc. in investing in the fundraise. The round values Castelion at $13 billion. 

Castelion is a cutting-edge defense technology company working to restore America’s conventional deterrence capability.

The Davis Polk corporate team included partners Jared Fine and Lee Hochbaum and associates Katie M. Lanphere, Pam Shu and Hannah R. Carter. The national security team included partner Ben Joseloff and associate Daria Adjowa Serwaa Nonnemaker. The financial institutions team included counsel Daniel E. Newman and associate Mary Jane Dumankaya. Partner Ethan R. Goldman provided tax advice. Members of the Davis Polk team are based in the New York, Washington DC and Northern California offices.

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