Sidley represented Versatile®, a construction technology pioneer using artificial intelligence (AI) and the internet of things (IoT) to optimize construction processes, in its US$80 million Series B funding led by Insight Partners and joined by Tiger Global.
The financing was also joined by Versatile’s existing investors Robert Bosch Venture Capital GmbH, Entrée Capital, Root Ventures, Conductive Ventures, and veteran construction technology entrepreneurs Leigh Jasper and Rob Philpot, all of whom participated in Versatile’s US$20 million Series A in December 2020. Construction industry veterans, including Tooey Courtemanche and Ralph Gootee, also joined as new investors.
The Sidley team was led by Idan Netser (Emerging Companies, Venture Capital and Tax) and Andrew Harper (Emerging Companies and Venture Capital), and included corporate associates Jim Bishop and Jake Funk.