The firm's corporate team assisted the pioneering financial research company with an equity investment from the multinational bank and advised the company on related licensing and commercial arrangements, as Limeglass prepares for its next phase of growth.
Fieldfisher's Manchester office has advised fintech start-up Limeglass on its equity investment from J.P. Morgan.
Limeglass is a corporate client of the firm, and the work was carried out by corporate partner, Tom Ward with the support of associate Rachel Leigh.
Fieldfisher's Manchester IP and technology teams also advised Limeglass on its commercial services and software licensing arrangements with J.P. Morgan. This part of the deal was led by technology, outsourcing and privacy partner Sam Jardine, assisted by associate Annabelle Gold Caution.
Limeglass, whose technology automatically analyses paragraphs in research documents in real-time, taking into account their underlying context and structure, recently completed J. P. Morgan's In-Residence Program, which incubates emerging technology companies to develop production-ready solutions solving for critical banking problems.
Limeglass' technology enables banks like J.P. Morgan to personalise their research product for internal and external audience, maximising the value for users and ensuring the correct research reached the correct audiences.
Hussein Malik, head of transformation and implementation for sales and research at JP Morgan said: “The insights our research teams produce daily are a huge source of value to our clients. We are continuously investing in technology to help deliver industry-leading content and to help us and our clients further mine that value.”
Fieldfisher is recognised for the strength of its expertise in venture capital (VC) financings for fintech/SaaS businesses, and its related technology and commercial proficiency in such deals, where core licensing arrangements are a central part of the financing and deal negotiation process.
The firm's Manchester office is frequently instructed by entrepreneurial businesses seeking assistance on deals with major investors. In 2018, Fieldfisher advised on £330 million of VC deals, the majority of which were in the technology industry. Corporate partner Tom Ward was also recently named as one of Legal Week's "40 under 40 Rising Stars in Private Equity".