Bird & Bird acted for ST Engineering Ventures, the corporate venture capital arm of Singapore Technologies Engineering, on its Series B investment in Skyports Limited, a UK company in the business of designing, building and operating passenger and cargo vertiports to enable safe and efficient flight operations and operates drone delivery, survey and surveillance operations.
The Series B funding round included investments from existing institutional shareholders, including Deutsche Bahn Digital Ventures, Groupe ADP, Solar Ventus, Irelandia and Levitate Capital. These investors were also joined by Japanese conglomerate Kanematsu Corporation, global industrial property group Goodman Group, Italian airport platform 2i Aeroporti, backed by Ardian’s Infrastructure Fund and F2i Italian Infrastructure Fund, and US-based Venture Capital firm GreenPoint. The recent fundraise brings the total raised capital to over US$26.1 million.
The cross-border team acting for the client comprises partners Marcus Chow and Peter Willis, counsel Jolie Giouw and associate Ong Chin Ngee.
