McDermott Advises Pathpoint, Inc. in the $12.5 Million Follow-on Investment from Caffeinated Capital
International law firm McDermott Will & Emery represented Pathpoint, Inc., a provider of digital insurance wholesale brokerage services, in its capital raise of an additional $12.5 million from existing investors, led by Caffeinated Capital. The investment, which will support Pathpoint’s continued build out of its wholesale broking operations, includes the purchase of Pathpoint’s Series A Preferred Stock and a Warrant to purchase Series AA Preferred Stock.
The transaction was announced on January 26, 2023.
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