Foley Advises LG Technology Ventures on Its Participation in The Sandbox’s $93M Series B Venture Capital Financing

Finance Technology

Palo Alto, Nov 4, 2021 ( – Foley & Lardner LLP represented LG Technology Ventures on its participation in The Sandbox’s $93 million Series B fundraising round. The Sandbox is a metaverse that offers players and creators a decentralized platform to create 3D worlds and game experiences, as well as to store, trade and monetize their creations. It is a subsidiary of Animoca Brands, which develops and publishes products in digital entertainment, blockchain and gamification.

The Sandbox team will use the investment to scale its growth as an entertainment destination for brands, intellectual properties, and celebrities to engage with fans through virtual experiences. Its metaverse is made up of non-fungible tokens called Land, which players can buy to host games, build multiplayer experiences, create housing or offer social experiences to the community.  

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The Foley team was led by Partner Louis Lehot with assistance from Associate Ashley Youn-Jae Lee.

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Louis Lehot

Louis Lehot:
Louis Lehot is a partner and business lawyer with Foley & Lardner LLP, based in the firm’s Silicon Valley, San Francisco and Los Angeles offices, where he is a member of the Private Equity & Venture Capital, M&A and Transactions Practices and the Technology, Health Care, and Energy Industry Teams. Louis focuses his practice on advising entrepreneurs and their management teams, investors and financial advisors at all stages of growth, from garage to global. Louis especially enjoys being able to help his clients achieve hyper-growth, go public and successfully obtain optimal liquidity events.
Source :Foley & Lardner LLP

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