Awards & Recognition
January 15, 2021

Polsinelli represented Dive Technologies, Inc. (https://divetechnologies.com/), a Boston-based subsea robotics designer and manufacturer, in a new round of preferred stock financing totaling $4 million.

Tanis Venture Management led the financing, with participation from Mill Town Capital, Virginia Tech Carilion Innovation Fund, CAV Angels, and various other investors.

More information about the financing can be obtained from Dive’s announcement.

The Polsinelli Venture Capital and Emerging Growth Companies team involved in the transaction included Daniel DeConinck and Prithvi Tanwar. Polsinelli serves as outside general counsel to Dive and will continue to advise the company with respect to ongoing legal matters.  Polsinelli congratulates Dive on the financing and looks forward to its ongoing success.

About Polsinelli

Polsinelli is an Am Law 100 firm with more than 900 attorneys in 21 offices nationwide. Recognized by legal research firm BTI Consulting as one of the top firms for excellent client service and client relationships, the firm’s attorneys provide value through practical legal counsel infused with business insight, and focus on health care, financial services, real estate, intellectual property, middle-market corporate, labor and employment and business litigation. Polsinelli PC, Polsinelli LLP in California.