(Westlake Village, CA) - Partner Brent Reinke and associate Karen Pang of Reed Smith Crosby Heafey's Westlake Village office, recently represented EdenTree Technologies, Inc., a California-based developer of solutions that enable complete infrastructure automation of technology laboratories and networks, in its Series B Preferred Stock financing transaction in which it raised $3 million.
This financing, which closely follows a July 15th closing of a $1.5 million Series A financing in which Reed Smith Crosby Heafey also advised, will fund EdenTree's on-going efforts to enhance the functionality of its already launched Connect_ET product, and to expand the company's operational and infrastructure to support its growth plans.
The financing came from a private lead investor.
Reed Smith LLP, a leading global top 20 law firm with nearly 1,000 lawyers located in 16 U.S. and two U.K. cities, represents Fortune 100 as well as mid-market and emerging companies. Clients include healthcare providers and insurers, technology companies and entrepreneurs, financial services firms, communications and telecommunications companies, manufacturers, universities, nonprofit organizations, real estate developers, and municipalities throughout the United States and in 40 countries. Its active and growing financial services practice includes 40 Act work and insurance regulatory work, as well as commercial and consumer finance. For more information visit reedsmith.com.