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by Legal Desire
4 December 2025

Latham & Watkins Advises Black Forest Labs in US$300 Million Series B

Advising firms

Deal team

8 lawyers named
LawyerFirmSeniorityPracticeOffice
Benjamin Potter Lead Latham & Watkins LLP Partner Emerging Companies & Growth Bay Area
Nima Movahedi Latham & Watkins LLP Partner Emerging Companies & Growth Orange County/Bay Area
Justin Tzeng Latham & Watkins LLP Associate Emerging Companies & Growth Not stated
Tori Hu Latham & Watkins LLP Associate Emerging Companies & Growth Not stated
Kaesha Freyaldenhoven Latham & Watkins LLP Not stated Emerging Companies & Growth Not stated
Ghaith Mahmood Latham & Watkins LLP Partner intellectual property Orange County/Los Angeles
Jennifer Howes Latham & Watkins LLP Counsel regulatory San Diego/Bay Area
Zac Alpert Latham & Watkins LLP Associate regulatory Not stated

Stated terms

Stated value
USD 300m (US$300 million)
What the figure measures
Issue size
Client
Black Forest LabsIssuer
Counterparties
a16z (Investor)
NVIDIA (Investor)
Northzone (Investor)
Creandum (Investor)
Earlybird VC (Investor)
BroadLight Capital (Investor)
General Catalyst (Investor)
Salesforce Ventures (Investor)
Anjney Midha (AMP) (Investor)
Temasek (Investor)
Bain Capital Ventures (Investor)
Air Street Capital (Investor)
Visionaries Club (Investor)
Canva (Investor)
Figma Ventures (Investor)