Khaitan & Co, Schjødt & Hammarskiöld advised on EvoluteIQ’s USD 53 million financing round led by Baird Capital.
Founded in 2019, EvoluteIQ is revolutionizing enterprise automation with their breakthrough AI platform. They serve Fortune 500 clients across banking, insurance, healthcare, telecom, and manufacturing – moving beyond fragmented tools to comprehensive, autonomous business process management. This strategic investment will accelerate EvoluteIQ’s global expansion in agentic AI automation.
Khaitan & Co advised Baird Capital on Indian law aspects on its $53 million investment in EvoluteIQ, a native AI platform that can be used to automate end-to-end processes across any industry. The core team consisted of Rabindra Jhunjhunwala, Kevin Shah and Arun Kumar with assistance from Moin Ladha (Regulatory) and Deepak Kumar (Employment).
Schjødt advised the shareholders of EvoluteIQ in connection with the growth investment led by Baird Capital. The core team consisted of Karl Klackenberg, Joachim Funariu, Balaj William Duru and Oskar Eriksson.
Hammarskiöld acted as legal advisor to Round2 Capital Partners in connection with EvoluteIQ’s USD 53 million financing round, led by Baird Capital together with Confidus Venture Capital.
Round2 Capital has supported EvoluteIQ since 2021, and this new milestone marks an important step in the company’s continued growth journey.
The Hammarskiöld’s team consisted of Partner Erik Fahlgren (M&A) , Partner Rasmus Fahlén (Finance), Senior Associate Johan Löfquist (Finance) and Associate Emelie Herngren (Finance).
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