Asymmetric Capital Raises $105M Debut Fund

Choate represented Asymmetric Capital Partners on the formation of its oversubscribed $105M debut fund. Founded by Rob Biederman, former co-CEO of Catalant Technologies, Asymmetric will invest in seed to series C-stage B2B technology companies across four overlapping areas: the digitization of legacy industries, next-generation software and business tooling, marketplaces, and the future of work, retail, and health care. The firm intends both to lead rounds and to co-invest alongside other leading firms, and since its inception earlier this year, Asymmetric has closed a number of high-profile investments, including in Canvas, the Sequoia-backed diversity recruiting platform, and Firstbase, the Andreesen Horowitz-backed remote work platform.