DLA Piper advised Andreessen Horowitz (a16z) as lead investor in Prosper AI’s US$30 million Series A financing round. a16z is a leading venture capital firm with over US$100 billion under management across different funds.

Prosper AI is an agentic AI platform for patient access that answers patient calls, schedules appointments directly in electronic health records, verifies insurance benefits, automates patient billing, and contacts insurers when additional information is needed.

The DLA Piper deal team was led by Partners Josh Seidenfeld, who leads the firm’s Northern California Corporate and Securities practice, and John Hutar, both based in Palo Alto, and included Associates Thomas Heiser (Miami), Melody Lilazy (San Diego), and Nava Majlesi (San Francisco).

DLA Piper’s Emerging Growth and Venture Capital practice includes more than 200 lawyers who provide strategic counsel to emerging companies and venture capital firms in high-growth industries, including technology, healthcare, life sciences, and financial services. Over the last three years, DLA Piper has completed more than 2,100 financings globally, totaling more than US$80 billion. The firm is ranked among the most active global law firms for venture capital deal volume, according to PitchBook.

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