Lowenstein Sandler’s Tech Group recently closed two major funding rounds led by its client PeakSpan Capital, a growth equity firm based in New York City and San Mateo with over $1.5 billion in assets under management that has partnered with over 30 high-growth software businesses:
- A $50 million Series C funding for Dispatch, a tech-based B2B last-mile delivery platform, to support Dispatch’s expansion into 50 additional markets across the country while continuing to accelerate the growth of its delivery management software for both customers and drivers.
- A $15 million growth round in FinPay Holdings, Inc., a recognized leader in patient engagement and financial management, providing strategic capital to fuel exponential growth and accelerated product and technology innovation.
Dispatch is a business-to-business delivery platform in which customers use our web app to request deliveries. Nearby drivers can respond to these requests with a mobile app and quickly pick up parts and packages that are then delivered to the final destination. With our network of independent contractor drivers, Dispatch has upgraded the traditional courier space by using technology to make the final-mile delivery process efficient, transparent, and reliable.
FinPay is committed to solving the affordability crisis in healthcare by enhancing the patient financial experience through pre-care engagement, expanding healthcare financial literacy, advocating for cost transparency, and offering affordable payment options to maximize patient payments, affordable access to care and greater patient satisfaction. Its patient engagement and financial management platform provide a technology-enabled, fully managed solution that improves patient education and engagement, fueled by proprietary technology-driven patient analytics, to maximize patient satisfaction and capture patient financial responsibility.
The deal team for the Dispatch round was led by Anthony O. Pergola and Alyssa A. Frederick, and included Lynda A. Bennett, Andrew E. Graw, Darren Goodman, Mark P. Kesslen, Brian A. Silikovitz, Julie Levinson Werner, Samantha Fox, Judith G. Rubin, Batool T. Banker, Samy A. Akli, and Kelsey Repka.
Lowenstein also recently represented PeakSpan in leading an oversubscribed Series A round for Leasecake, the cloud-based operating system for lease and location management.
About Lowenstein Sandler LLP
Lowenstein Sandler LLP is a national law firm with over 350 lawyers based in New York, Palo Alto, New Jersey, Utah, and Washington, D.C. The firm represents leaders in virtually every sector of the global economy, with particular emphasis on investment funds, life sciences, and technology. Recognized for its entrepreneurial spirit and high standard of client service, the firm is committed to the interests of its clients, colleagues, and communities.