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Basis Set Ventures Leads US$7 Million Series A Financing for Clara Labs

July 19, 2017

FOR IMMEDIATE RELEASE

SAN FRANCISCO—July 19, 2017—O’Melveny advised Basis Set Ventures (BSV) as lead investor in a US$7 million series A financing for Clara Labs, a startup that automates the process of meeting scheduling for busy professionals. Slack Fund also joined in the round, alongside existing investors Sequoia and First Round.

Basis Set Ventures is an early-stage venture fund focusing on improving work productivity through artificial intelligence for white and blue collar workers. BSV’s US$136 million fund is dedicated to investing in companies that set out to improve work efficiency, particularly workflow automation and vertically focused companies with full-stack solutions.

The O’Melveny team was led by partner Scott Elliott, counsel Noah Kornblith, and associates John Zhu and John Chong.

About O’Melveny
O’Melveny’s clients shape markets, set precedents, and break boundaries. They are stalwarts and innovators, the names you trust, and the next big thing. And for more than a century, O’Melveny has been right beside them, punching through walls and putting up defenses to help our clients achieve their most important goals. With approximately 700 lawyers in 15 offices worldwide guided by the principles of excellence, leadership, and citizenship, we uphold a tradition of treating our clients’ challenges and opportunities as our own. What do you want to achieve? For the answers, please visit www.omm.com.

Contact:
Emily Lattal
O’Melveny & Myers LLP
212.326.2285
elattal@omm.com

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