Latham & Watkins Advises Starday in US$11 Million Series A Financing

Starday, the AI-driven food innovation company reinventing category growth, announced it has raised US$11 million in Series A funding to accelerate retail expansion and develop first-of-its-kind partnerships with retailers and CPG brands to create bespoke products. The round, led by Slow Ventures and Equal Ventures, includes US$8 million in equity, and US$3 million in a debt credit facility from Silicon Valley Bank, along with investment from large global food and beverage companies. This brings Starday’s total funding to US$20 million in equity and debt.

Latham & Watkins LLP represented Starday in the funding round with an Emerging Companies & Growth team led by Bay Area partner Alex Kassai, with associates Christopher Pham, Jack McKay, and Shan Shan. Advice was also provided on debt matters by Bay Area partner Dan Van Fleet, with associate Ian Drazen.