Mayer Brown advised Leapfrog Investments (LeapFrog) on its investment in Series B Preferred Shares of PT PasarPolis Indonesia (PasarPolis). PasarPolis raised US$54 million from investors in this financing round.
LeapFrog invests capital, people and knowledge in purpose-driven businesses to help them grow, be profitable and have a real social impact. PasarPolis aims to leverage technology to provide a better consumer experience and will use the capital raised to invest in AI technology for product development and to expand its operations in Indonesia, Thailand and Vietnam.
The Mayer Brown team was led by Corporate and Securities partner Mark Uhrynuk (Hong Kong) and included: Corporate & Securities - partner David Harrison (Ho Chi Minh City), senior associates Carlton Chu (Hong Kong) and Orsolya Szotyory-Grove (Ho Chi Minh City), associate Josephine Wong and registered foreign lawyer Alexander Burdulia (both Hong Kong); and Tax Transactions & Consulting partner Pieter de Ridder (Singapore).