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10.24.25
Wilson Sonsini Advises Tesser on $4.5 Million Seed Round
On October 21, 2025, Tesser announced that it has secured $4.5 million in seed funding for its cross-border stablecoin payments solution in a round led by Castle Island Ventures alongside Strobe Ventures and Anthemis, with participation from other strategic investors. Wilson Sonsini Goodrich & Rosati advised Tesser on the transaction.
Founded by Geetha Panchapakesan, a payments veteran who spent 18 years at MoneyGram, Visa Direct, and Circle, the company’s stablecoin payment platform addresses a critical gap: licensed financial institutions want to enable stablecoins, but lack the technical infrastructure to do so quickly and compliantly. The platform handles wallet provisioning, treasury management, compliance orchestration, and reconciliation—abstracting blockchain complexity and allowing institutions to maintain full control over risk and customer relationships.
The Wilson Sonsini team that advised Tesser on the transaction included Jonathan Chan, Kyle Canchola, and Kelly Stern.
For more information, please see Tesser’s news release.
Founded by Geetha Panchapakesan, a payments veteran who spent 18 years at MoneyGram, Visa Direct, and Circle, the company’s stablecoin payment platform addresses a critical gap: licensed financial institutions want to enable stablecoins, but lack the technical infrastructure to do so quickly and compliantly. The platform handles wallet provisioning, treasury management, compliance orchestration, and reconciliation—abstracting blockchain complexity and allowing institutions to maintain full control over risk and customer relationships.
The Wilson Sonsini team that advised Tesser on the transaction included Jonathan Chan, Kyle Canchola, and Kelly Stern.
For more information, please see Tesser’s news release.
Client Highlights
5.01.25
Wilson Sonsini Advises Inco on $5 Million Funding Round
On April 24, 2025, Inco, a project building the universal confidentiality layer for web3, announced a $5 million funding round led by Andreessen Horowitz Crypto Startup Accelerator (a16z CSX). The raise welcomes new investor Coinbase Ventures and includes follow-on support from existing investors 1kx Capital, OrangeDAO, South Park Commons, and Script Capital. This round brings Inco's total funding to $10 million. Wilson Sonsini Goodrich & Rosati advised Inco on the transaction, as well as its prior fundraises.
Inco is leveraging various cryptographic techniques to build a confidential compute protocol for existing blockchains. Its first product, Inco Lightning, is designed to provide confidentiality to any onchain application.
The Wilson Sonsini team that advised Inco on the transaction included Jonathan Chan, Peter Bratton, and Kelly Stern.
Inco is leveraging various cryptographic techniques to build a confidential compute protocol for existing blockchains. Its first product, Inco Lightning, is designed to provide confidentiality to any onchain application.
The Wilson Sonsini team that advised Inco on the transaction included Jonathan Chan, Peter Bratton, and Kelly Stern.
Client Highlights
9.02.22
Wilson Sonsini Advises Carbon on Acquisition of ParaMatters
On August 24, 2022, Carbon, a leading 3D printing technology company, announced that it has acquired ParaMatters, a software provider for additive manufacturing. The acquisition expands Carbon's current software capabilities to include topology optimization. Carbon's technology platform now broadens to enable product design and development teams to create better products in less time using a wide variety of materials and production systems. Terms of the transaction were not disclosed.
Client Highlights
11.01.21
Wilson Sonsini Advises Roblox on Senior Notes Offering
On October 27, 2021, Roblox announced the pricing of $1.0 billion aggregate principal amount of its 3.875 percent senior notes due 2030. The notes were offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended, and outside the United States to non-U.S. persons pursuant to Regulation S under the Securities Act. The sale of the notes closed on October 29, 2021. Wilson Sonsini Goodrich & Rosati represented Roblox in the transaction.
Client Highlights
3.29.21
Firm Advises 4D pharma on Merger with Longevity Acquisition Corporation and Nasdaq ADS Listing
On March 22, 2021, 4D pharma plc, a Leeds, UK-based pharmaceutical company leading the development of Live Biotherapeutic products (LBPs)—a novel class of drugs derived from the microbiome—announced the completion of its merger with Longevity Acquisition Corporation, a Nasdaq-listed Special Purpose Acquisition Company (SPAC). Wilson Sonsini Goodrich & Rosati advised 4D pharma on corporate and intellectual property matters related to the cross-border transaction.
The merger was structured as an acquisition of the SPAC by 4D pharma, a concurrent global PIPE financing, and the concurrent Nasdaq listing of 4D pharma American Depositary Shares (ADSs) and warrants. As a result, 4D pharma ADSs now trade on the Nasdaq Global Market under the ticker symbol “LBPS” and its warrants now trade on the Nasdaq Global Market under the ticker symbol “LBPSW.” 4D pharma ordinary shares continue to be admitted to trading on the London Stock Exchange’s AIM market under the ticker symbol “DDDD.”
The merger was structured as an acquisition of the SPAC by 4D pharma, a concurrent global PIPE financing, and the concurrent Nasdaq listing of 4D pharma American Depositary Shares (ADSs) and warrants. As a result, 4D pharma ADSs now trade on the Nasdaq Global Market under the ticker symbol “LBPS” and its warrants now trade on the Nasdaq Global Market under the ticker symbol “LBPSW.” 4D pharma ordinary shares continue to be admitted to trading on the London Stock Exchange’s AIM market under the ticker symbol “DDDD.”