Taylor L.Stevens

Partner

San Diego + 1.858.314.1151 Silicon Valley + 1.650.739.3939

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As a practitioner with an M.B.A., and an active participant in the San Diego and Silicon Valley communities, Taylor Stevens has a strong understanding of the legal issues facing high-growth companies and their acquirors. Taylor has advised clients for more than 25 years in the areas of venture capital transactions, M&A, and capital markets transactions. His practice is focused on the representation of emerging growth and established technology and life sciences companies. He has extensive experience in the full life cycle of the company, from formation through financing and exit transactions.

Taylor has represented clients in a significant number of public and private company mergers and acquisitions. His experience includes auction sales, divestitures, carve-outs, roll-ups, and cross-border transactions. Taylor also regularly counsels emerging growth companies on a broad range of venture capital and debt financing transactions and has been recommended as a leading lawyer by Best Lawyers in America and The Legal 500 United States for his corporate and venture capital practice. He additionally represents venture capital firms and strategic corporate investors in connection with their investments in early stage and emerging growth companies.

Taylor is a member of the Springboard Committee and has previously served on the Executive Committee and the board of directors of CONNECT, a globally recognized trade organization fostering the creation of innovative technology and life sciences products in the San Diego region. Taylor also frequently presents on venture capital and corporate law topics on podcasts and at events, including Plug and Play, Goldman Sachs Legal Conference, FinAccelerate, Digital Assets Week, and Koch Disruptive Technology Venture Capital Investment Seminar.

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Experience

  • Representation of KKR in $200 million Series B financing of portfolio company OneStream Software at $6 billion valuationJones Day represented Kohlberg Kravis Roberts & Co. L.P. in connection with the $200 million Series B financing of its portfolio company OneStream Software at a $6 billion valuation.
  • Koch leads investment in Upgrade at $3.4 billion valuationJones Day represented Koch Disruptive Technologies in connection with its investment in the Series E round of Upgrade, Inc. at a $3.4 billion pre-money valuation.
  • Sempra Energy sells PXiSE Energy SolutionsJones Day advised Sempra Energy in the sale of membership interests in PXiSE Energy Solutions to Yokogawa Electric Corporation.
  • Koch invests in Footprint at $1.6 billion valuationJones Day advised Koch Strategic Platforms in its $150 million investment in the Class C Preferred Stock of Footprint International Holdco, Inc.
  • Hookit sells company to Kore SoftwareJones Day advised Hookit in the sale of 100% of Hookit’s stock to KORE Software, a portfolio company of Serent Capital.
  • Koch Strategic Platforms invests in Astranis Space Technologies valuing company at $1.4 billionJones Day represented Koch Strategic Platforms in connection with its participation in the $250 million Series C financing round of Astranis Space Technologies, a builder of small, low-cost telecommunications satellites to connect the four billion people who currently do not have access to the internet.
  • Western Digital invests in Esperanto Technologies Inc.Jones Day advised Western Digital in its investment in Esperanto Technologies Inc., a developer of high-performance, energy-efficient computing solutions for artificial intelligence and machine learning applications.
  • LendingTree invests in EarnUpJones Day advised LendingTree, Inc. in the $31 million Series C financing round of EarnUp, a San Francisco-based Fintech company offering payment and data solutions for the mortgage industry.
  • Koch Disruptive Technologies leads investment in Ibotta at $1 billion valuationJones Day advised Koch Disruptive Technologies ("KDT"), an investment firm dedicated to investing in emerging high-growth technologies across a range of industries, on its investment in Ibotta, Inc., the leading mobile rewards platform in the United States.
  • ENEOS Innovation Partners invests in Persefoni AIJones Day represented ENEOS Innovation Partners in connection with its investment in the $50 million Series C-1 financing of Persefoni AI Inc.
  • City of Hope invests in Reimagine CareJones Day represented City of Hope in connection with the $25 million Series A financing of Reimagine Care, a technology-driven, home-based cancer care company.
  • Sempra Energy unit PXiSE Energy completes equity financing with Mitsui & Co.Jones Day advised Sempra Energy in connection with the issuance by its subsidiary, PXiSE Energy Solutions, LLC, of up to a 20 percent equity investment to Mitsui & Co., Ltd., as well as the negotiation and entering in of a strategic collaboration agreement for the development and sale of PXiSE's technology.
  • KKR completes investment in OneStream SoftwareJones Day advised Kohlberg Kravis Roberts & Co. L.P. in connection with its affiliated funds' investment in OneStream Software LLC, a leading provider of cloud or on-premise Corporate Performance Management solutions for mid-sized to large enterprises, in a transaction that values the privately held company at more than US$1 billion.
  • Koch Disruptive Technologies invests in OutriderJones Day represented Koch Disruptive Technologies in connection with its lead investment in the $65 million Series D financing of Outrider, a Colorado-based provider of autonomous zero-emission systems for use in distribution yards.
  • Western Digital sells IntelliFlash™ business to DataDirect Networks, Inc. (DDN®)Jones Day advised Western Digital Corp. in the sale of its IntelliFlash™ business to DataDirect Networks, Inc. (DDN®), a global leader in artificial intelligence (AI) and multi-cloud data management.
  • Koch invests in GameChange SolarJones Day is advising Koch Strategic Platforms in the $150 million investment in the Series A Preferred Stock of GameChange Solar Holdings Corp.
  • Celularity acquires certain assets from TNK TherapeuticsJones Day advised Celularity Inc. in connection with its acquisition from TNK Therapeutics of certain intellectual property rights related to TNK's proprietary chimeric antigen receptor ("CAR") constructs and related CARs.
  • Nicoya Health merges with Coya Therapeutics and raises Series A FinancingJones Day represented Nicoya Health, Inc. in its merger with and into Coya Therapeutics, Inc., and the surviving company's $10 million Series A Preferred Stock financing.
  • Western Digital sells ActiveScale™ business to QuantumJones Day advised Western Digital Corporation's subsidiary Western Digital Technologies, Inc. in the sale of its ActiveScale™ business to Quantum Corporation.
  • Omnes Capital leads $10 million financing round of WhiteLab GenomicsJones Day represented Omnes Capital as a lead investor in connection with the $10 million financing round of WhiteLab Genomics, a Y-Combinator backed AI-powered predictive software simulation platform for the design of gene and cell therapies.
  • Pelion Ventures invests in CocoJones Day represented Pelion Ventures Partners with its investment in Coco, a last-mile delivery service that deploys human operated sidewalk robots to transport goods from merchants to their customers.
  • Koch Disruptive Technologies leads $150 million investment in INSIGHTECJones Day advised Koch Disruptive Technologies, a subsidiary of Koch Industries, Inc. focused on finding and funding innovative and emerging companies, as the lead investor in a $150 million Series E funding round for INSIGHTEC, a commercial stage medical device company.
  • Western Digital acquires Tegile SystemsJones Day represented Western Digital, a leading provider of storage technologies and solutions that enable people to create, leverage, experience, and preserve data, in connection with its acquisition of Tegile Systems, Inc., a developer of flash and persistent-memory storage solutions for enterprise data center applications.
  • Investor participates in $100 million Series C financing round of RefleXion MedicalJones Day represented a health care investor in connection with the $100 million Series C Preferred Stock financing of RefleXion Medical, a medical technology company developing the first and only biology-guided radiotherapy system (BgRT) for targeted cancer treatment.
  • Western Digital acquires Kazan NetworksJones Day advised Western Digital Corporation (NASDAQ:WDC) in its acquisition of Kazan Networks Corp., a provider of industry leading NVMe™-over-Fabric (NVMe-oF) ASIC and adapter products for next-generation data center architectures.
  • Mercato Partners invests in Salt StackJones Day represented Mercato Partners, as lead investor, in connection with a $15.5 million Series A Preferred Stock financing in Salt Stack, Inc., an intelligent orchestration software provider.
  • Fortino Capital invests in KaizoJones Day advised Fortino Capital Partners NV as lead investor in the Series Seed-2 Preferred Stock financing of Kaizo, Inc., which provides a unified, actionable and integrated workplace performance management platform for the world's largest remote-working population, customer support.
  • VersaPeutics merges with VersaChemJones Day represented VersaPeutics, Inc., a San Diego biotechnology company devoted to treating nervous systems disorders, in connection with its merger with VersaChem, Inc.
  • Western Digital acquires Upthere, Inc.Jones Day advised Western Digital in its acquisition of Upthere, Inc., a leading developer and producer of cloud storage technology.
  • Hookit raises capital in Series C roundJones Day represented Hookit, a leading sponsorship analytics and valuation platform, in connection with the sale and issuance of $16 million of Series C Preferred Stock and concurrent tender offer to the holders of its junior preferred securities.
  • Western Digital invests in CodasipJones Day represented Western Digital, a leading provider of storage technologies and solutions that enable people to create, leverage, experience, and preserve data, in connection with its investment in Codasip GmbH, the leading supplier of RISC-V® embedded processor IP.
  • Stance raises capital in $50 million Series C roundJones Day represented Stance, Inc., a designer, manufacturer, and distributor of unique socks dedicated and branded to individuality and expression, in connection with its issuance of $50 million of Series C Convertible Preferred Stock in a private placement led by August Capital and Kleiner Perkins Caufield & Byers.
  • Western Digital invests in UPMEMJones Day represented Western Digital, a leading provider of storage technologies and solutions that enable people to create, leverage, experience, and preserve data, in connection with its purchase of Series A Preferred Stock in a private placement by UPMEM, a fabless semiconductor company developing next generation hardware solutions for data intensive applications in the datacenter.
  • Celularity raises capital in Series A roundJones Day represented Celularity Inc., a biotechnology company that sources and develops transformative therapies derived from the placenta, in connection with its issuance of Series A Convertible Preferred Stock in a private placement to strategic and entrepreneurial investors.
  • Stance raises capital in $30 million Series D roundJones Day represented Stance, Inc., a premium apparel company, in connection with its issuance of $30 million of Series D Preferred Stock in a private placement.
    • View All

    September 2024 Podcast

    JONES DAY TALKS®: A Trip to the Dark Side – Venture Capital Down Rounds and Recaps

    April 2024 Reprint

    United States Venture Capital (Legal 500 Country Comparative Guide)

    February 2024 Podcast

    JONES DAY TALKS®: Corporate Venture Capital Investing

    October 2020 Commentary

    California Mandates Representation of Underrepresented Communities on Boards of Public Corporations

    Additional Speaking Engagements

    • October 22, 2024
      FinAccelerate Conference: Corporate Structuring & Financing Considerations for Emerging Growth FinTech Companies
    • September 20, 2024
      A Trip to the Dark Side - Venture Capital Down Rounds and Recaps
    • September 11, 2024
      The Downround Climate: How Down is Down?
    • July 16, 2024
      Plug and Play (Semiconductor Vertical): Corporate and Investment Considerations
    • May 21, 2024
      Digital Assets Week: Financing Your Growth-Stage Company
    • April 10, 2024
      Venture Capital Investment Series: Downrounds & Pay-to-Play Financings
    • February 5, 2024
      Corporate Venture Capital Investing
    • October 25, 2023
      Venture Capital Investment Series: Market Update & Exit Considerations
    • October 10, 2023
      FinAccelerate Program: Company Investments
    • October 12, 2023
      Venture Capital Investment Series: Anatomy of Capitalization Tables & Downrounds
    • September 28, 2023
      Venture Capital Investment Series: Investment Terms & Financing Documents
    • June 10, 2021
      General Counsel Training Seminar
    • October 30, 2019
      Koch Disruptive Technology Venture Capital Investment Seminar
    • November 2, 2016
      Goldman Sachs 10KSB Legal Conference
    • March 2015
      Surf Industry Manufacturers Association (SIMA) Emerging Brands Conference
    • March 2014
      Surf Industry Manufacturers Association (SIMA) Emerging Brands Conference

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