Goodwin’s UK Technology team has advised Accel as lead investor in the US$90 million Series C fundraising round in artificial intelligence-based video generation platform Synthesia. The round, which values the company at US$1 billion, was also backed by Nvidia’s venture capital arm NVentures, as well as Kleiner Perkins, GV, FirstMark Capital and MMC.

Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Algolia, Celonis, Chainalysis, Miro, Monzo, Personio, Spotify, Supercell, Trade Republic, UiPath and Vinted are just some of the companies Accel has backed over the last 40 years.

London-based Synthesia is the world’s leading AI video creation platform for enterprises and enables teams to write a script, choose an avatar, and immediately create a custom video.

The Goodwin team consisted of Andrew Davis, Lucy Thomas, Ella Donegan and Matthew Nestor (Corporate TLS, London), Jamie Hutchinson, Cameron Contizano and Natalie Minois (Private Equity, Washington DC) with specialist assistance from Gretchen Scott, Genevieve Watt, Joseph Ndep, Hattie Muncey (IPTS and Data Privacy, TLS, London) Jacqueline Klosek and Alex Intile (Data Privacy, New York and Boston) Robert Carroll (IP Litigation, Boston), Katie Leah and James Eggleston (Tax, London), Kelsey Lemaster and Nicole Brock (Tax, San Francisco and New York), Alex Fisher (Employment, London), Saba Rais (Incentives, London), Richard Matheny III and Justin Pierce (Global Trade, Washington DC), Sarah Jordan, Eram Khan and Sophie Entwisle (Anti-Trust and Competition, London) and Sarah McAtominey (Litigation, London).