Global law firm White & Case LLP has advised Softbank Vision Fund II on its investment as lead investor in the Series C financing of Wiliot, a leader in Sensing as a Service and the Internet of Things (IoT).
"This is once again an exciting investment by Softbank in an innovative Israeli company at the forefront of an emerging industry," said White & Case partner Dan Turgel, who led the Firm's deal team. "Our role advising on this deal follows our work with Softbank on a number of high profile investments and highlights White & Case's experience in delivering transactions in the technology sector and in Israel."
Wiliot is a Sensing as a Service company whose cloud platform connects the digital and physical worlds using its IoT Pixel tagging technology. Its vision is to expand the IoT to include everyday products, adding intelligence to plastic crates, pharmaceuticals, packaging, clothes, and other products, connecting them to the internet and changing the way things are made, distributed, sold, used, reused, and recycled.
The White & Case team which advised on the transaction was led by partner Dan Turgel with support from partners Tim Hickman and Marc Israel (all London), local partner Thilo Wienke (Dusseldorf) and associates Irina Kozlova, Harriet Doble and Luc Rosenberg (all London).
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