Leaf assists KaiOS Technologies on its Series B fundraising.

22 May 2019

PRESS RELEASE

May 22, 2019

International law firm, Leaf assists KaiOS Technologies on its Series B fundraising with Cathay Innovation.

LEAF has assisted KaiOS Technologies, maker of the leading mobile operating system for smart feature phones KaiOS, on its 45 million EUR Series B fundraising with Cathay Innovation. KaiOS will use the funds to fulfill its mission to open up new possibilities for individuals, organizations, and society by bringing mobile connectivity to the billions of people without internet in emerging markets, as well as providing those in established markets with an alternative to smartphones.

The cross-border Leaf team advising on this landmark technology project was comprised of Gregory Louvel as lead partner, Jean-Philippe Engel , partner, with support from Chloe Voratanouvong and Charlotte Mantoux.

US law aspects were covered by Buhler Duggal & Henry LLP.

About Leaf

Leaf is a corporate law firm specialized in M&A transactions in China. The team, composed of Chinese and international corporate lawyers, advises mid-cap enterprises and international corporations for their M&A operations in China, their joint-ventures with public and private Chinese players or to structure investment in Asia. Leaf’s team has recently received the award of the M&A Cross-Border Transactions Firm of the Year in China by Finance Monthly and recognized as a member of league of Valuable Practice in M&A by Leaders League in 2018.

About KaiOS Technologies

KaiOS Technologies powers an ecosystem of affordable digital products and services, and exists to empower people around the world through technology. Its flagship product, KaiOS, is the leading mobile operating system with more than 100 million devices shipped in over 100 countries. Kai’s mission is to open up new possibilities for individuals, organizations, and society by bringing mobile connectivity to the billions of people without internet in emerging markets, as well as providing those in established markets with an alternative to smartphones. KaiOS is based on HTML5 and other open web technologies. Devices running on the platform require limited memory, while still offering a rich user experience through access to apps like the Google Assistant, YouTube, Facebook, Google Maps, and Twitter.

About Cathay Innovation

Cathay Innovation is a global venture capital fund, created in affiliation with Cathay Capital Private Equity. It was founded around the shared conviction that supporting digital entrepreneurs by providing them with a platform bridging 3 continents – North America, Europe and China – constitutes a particularly powerful value-creation strategy. As a multi-stage fund, Cathay Innovation partners with visionary entrepreneurs, committed to driving change through technology. Such transformation is accelerated by leveraging Cathay Capital Private Equity’s extensive network with corporates and solid experience in operational excellence. Cathay Innovation has offices in San Francisco, Paris, Beijing and Shanghai.

For further information:

Gregory Louvel – g.louvel@leaf-legal.com

Jean-Philippe Engel – jp.engel@leaf-legal.com

KaiOS Technologies Secures $50 Million of Series B Funding to Connect the Next Billion People