Deal Corner
February 24, 2023
Nuveen Leads Investment into Ecozen

DEAL BRIEF

Nuveen Global Impact Fund, LP (“Nuveen”) led the Series C investment round of USD 25 million in Ecozen Solutions Private Limited (“Ecozen”), along with other investors, existing and new. Ecozen manufactures sustainable storage solutions for perishables with the goal of moving towards an eco-friendlier future. Ecozen develops climate-smart deeptech solutions for motor controls, IoT, and energy storage focussed in the agriculture sector.

Nuveen, a leading global investment manager with over $1.3 trillion of assets under management, invest in a plethora of companies for over 120 years across multiple sectors such as real estate, infrastructure, financial services, etc.

OUR ROLE

We, at Nishith Desai Associates, acted as the legal counsel to Nuveen. We advised them on the legal, tax and regulatory aspects of the transaction.

PRESS COVERAGE

https://www.businesstoday.in/entrepreneurship/news/story/climate-focused-deeptech-start-up-ecozen-raises-25-mn-from-nuveen-others-367366-2023-01-24

https://agfundernews.com/omnivore-achieves-partial-exit-in-ecozens-25m-series-c-led-by-nuveen-for-clean-energy-irrigation-cold-chain-tech

https://www.nuveen.com/global/insights/news/2023/climate-smart-deeptech-company-ecozen-raises-25-million-led-by-nuveen

Disclaimer

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Deal Corner

February 24, 2023

Nuveen Leads Investment into Ecozen

DEAL BRIEF

Nuveen Global Impact Fund, LP (“Nuveen”) led the Series C investment round of USD 25 million in Ecozen Solutions Private Limited (“Ecozen”), along with other investors, existing and new. Ecozen manufactures sustainable storage solutions for perishables with the goal of moving towards an eco-friendlier future. Ecozen develops climate-smart deeptech solutions for motor controls, IoT, and energy storage focussed in the agriculture sector.

Nuveen, a leading global investment manager with over $1.3 trillion of assets under management, invest in a plethora of companies for over 120 years across multiple sectors such as real estate, infrastructure, financial services, etc.

OUR ROLE

We, at Nishith Desai Associates, acted as the legal counsel to Nuveen. We advised them on the legal, tax and regulatory aspects of the transaction.

PRESS COVERAGE

https://www.businesstoday.in/entrepreneurship/news/story/climate-focused-deeptech-start-up-ecozen-raises-25-mn-from-nuveen-others-367366-2023-01-24

https://agfundernews.com/omnivore-achieves-partial-exit-in-ecozens-25m-series-c-led-by-nuveen-for-clean-energy-irrigation-cold-chain-tech

https://www.nuveen.com/global/insights/news/2023/climate-smart-deeptech-company-ecozen-raises-25-million-led-by-nuveen

Disclaimer

We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state.

This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list.

NDA Connect

Connect with us at events, 
conferences and seminars.