Cooley’s investment fund has backed equity compensation scheme Easop, in a move described by the startup today (7 September) as a significant milestone towards revolutionising global employee equity management. Easop also announced a strategic partnership with cap table management provider Carta.
Cooley’s fund gives the Am Law top 50 law firm’s attorneys the opportunity to invest in promising early-stage companies. Easop said that the investment signifies more than financial backing and that it will benefit from Cooley’s network, legal expertise and understanding of the U.S. equity compensation space.
NaAl El Berkani, co-founder and chief legal officer of Easop said: “The investment from Cooley’s fund is a great credit to our innovative approach to a complex problem, but it is just the first step towards the greater recognition of our solution among other tier one tech law firms in the U.S. By working closely with law firms, we’ll be able to create a category leader that will be nice and easy to use but also trusted by the best legal practitioners.”
Cooley’s recent investments include Patented.ai, which in June raised $4m pre-seed funding in a round led by Steve Anderson from Baseline Ventures, and AI-powered Word and PDF editor Macro, which in February raised $9.3m in a seed round led by Andreessen Horowitz.