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

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

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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

The contents of this hotline should not be construed as legal opinion. View detailed disclaimer.

This Hotline provides general information existing at the time of preparation. The Hotline is intended as a news update and Nishith Desai Associates neither assumes nor accepts any responsibility for any loss arising to any person acting or refraining from acting as a result of any material contained in this Hotline. It is recommended that professional advice be taken based on the specific facts and circumstances. This Hotline does not substitute the need to refer to the original pronouncements.

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.