Ballard Spahr advised Square Roots Urban Growers, Inc., an urban farm accelerator, on its $5.4 million series seed financing round led by Collaborative Fund. Partner Nathan Seiler led the firm's legal team.
Square Roots, based in Brooklyn, New York, offers a place for urban farmers to grow greens and learn the business of farming. Its first group of 10 food entrepreneurs grows crops in the organization's hydroponic, controlled-climate container farms. The accelerator was founded last year by CEO Tobias Peggs (former CEO of Aviary and OneRiot) and Kimbal Musk (co-founder of farm-to-table restaurant chain The Kitchen and board member of SpaceX, Tesla, and Chipotle).
Mr. Seiler, based in Ballard Spahr's Boulder office, advises high-growth companies on corporate and securities transactions, including initial formation, venture capital and private equity financings, and public securities offerings, and mergers and acquisitions. Denver-based Associate Kerry E.S. O’Neill also advised Square Roots in this matter.
The attorneys in Ballard Spahr’s Emerging Growth and Private Capital Group have decades of experience helping emerging companies thrive—from entity formation, angel and seed financing, preferred financing rounds, and ultimately through a sale or initial public offering.
About Ballard Spahr
Ballard Spahr LLP, an Am Law 100 law firm with more than 500 lawyers in 13 offices in the United States, provides a range of services in litigation, business and finance, real estate, intellectual property, and public finance. Our clients include Fortune 500 companies, financial institutions, life sciences and technology companies, health systems, investors and developers, government agencies and sponsored enterprises, educational institutions, and nonprofit organizations. The firm combines a national scope of practice with strong regional market knowledge. For more information, please visit www.ballardspahr.com.