International law firm Bird & Bird has advised Paladin Capital Group, as lead investor, on Steadybit’s USD 6 million Series A fundraising.
Steadybit is a chaos and resilience engineering platform that helps to proactively reduce downtime and provide visibility into distributed software systems to detect issues. By simulating disturbances and potential failures, Steadybit aids organisations in pre-empting and mitigating system vulnerabilities, enhancing overall performance and user experience. This investment aims to fast track Steadybit’s international growth.
Paladin Capital Group was founded in 2001 and has offices in Washington DC, New York, London, Luxembourg, and Silicon Valley. As a multi-stage investor, Paladin’s core strength is identifying, supporting and investing in innovative companies that develop promising, early-stage technologies to address the critical cyber and advanced technological needs of both commercial and government customers.
Combining proven investment experience with deep expertise in global security, cyber technology and cutting-edge research, Paladin has invested in more than 70 companies since 2008 and has been a trusted partner to investors, entrepreneurs and governments for over two decades.
Francois Ruether, Vice President at Paladin Capital Group comments: “We are very excited about Steadybit’s potential to significantly improve the digital resilience of organizations through its ground-breaking chaos engineering platform. We are grateful to Bird & Bird for its support on the transaction.”
Andrea Schlote, Counsel in the Corporate practice at Bird & Bird says: “We were delighted to support Paladin Capital on this exciting transaction in Germany. This is a fantastic example of the work carried out by our venture and growth capital and cyber practices.”
Paladin Capital Group was advised by the following Bird & Bird lawyers: Counsel Andrea Schlote (lead), partner Stefan Münch, Counsel Janine Lanfermann-Schmid, associate Louisa Graf, LL.M. (all Corporate, Munich), partner Dr. Artur-Konrad Wypych, associate Mona Ghohrodi, associate Julia Bellinger (all Employment, Düsseldorf), partner Dr. Rolf Schmich, Counsel Michael Brüggemann, associate Luca Eckrich (all Tax, Frankfurt), partner Dr. Stephan Waldheim, associate Tamy Tietze (both Commercial, Düsseldorf).
