Lowenstein Represents Spain-Based Technology Platform Kalipso in Fund Raise to Expand Operations and Development

Lowenstein Sandler LLP represented Kalipso, a Barcelona, Spain-based provider, in its $3.2 million seed venture capital investment. Varsity led the round, while Lanai, Plug and Play, Kima Ventures, and Vento also invested.

"Built by lawyers and engineers, by people with direct experience in the field and that felt the pain, and for the people who deal with this day to day," Kalipso uses AI to "fix the way regulatory compliance actually gets done," according to the company's announcement. The company further explained: "Compliance ends up being a core function of regulated businesses and for decades the teams responsible for it have been left with the wrong tools. Spreadsheets, email threads, PDFs, a policy doc someone last opened in 2023. Meanwhile a thousand other rules are moving and nobody can keep up. We're building the operating system for regulatory compliance. One place to see what laws changed, understand what hits you, and turn it into action."

Cofounders Pierre Ferran (ex-Klarna, and with law degrees in Europe and from Stanford), and Virginia DeBernardi (former GC at Productsup, with 7+ years in compliance, negotiations and scaling operations across multi-jurisdictional environments) turned to Kalipso's outside counsel, Lowenstein Sandler's Emerging Company/Venture Capital (ECVC) New York City and San Francisco based team members. The firm's s ECVC team has recently garnered top 10 rankings from PitchBook's Q1 2026 Global League Tables, as among the 10 most active law firms for Venture Capital and Emerging Company (ECVC) transactions in both the United States and globally. Lowenstein's global rankings reflect the increasing frequency with which Lowenstein Sandler's ECVC team leads European venture deals like Kalipso or Gizmo's recent $22 million venture round, as well as LatAm deals like Lowenstein's representation of Colombia-based Instaleap's recent M&A sale to Instacart (a deal noted by TechCrunch involving Instaleap's "clients across nearly 30 countries in Latin America, Europe, and the Middle East").

Kalipso develops a unified platform that operationalizes regulatory change. It continuously analyzes developments, identifies which obligations apply to each organization, surfaces gaps in existing frameworks, and generates implementation-ready fixes with full source traceability, ensuring every recommendation can be linked directly to the underlying regulatory requirement.

The Lowenstein ECVC deal team for Kalipso's venture round included a mix of the firm's New York and San Francisco-based lawyers: Ed Zimmerman, Abraham J. Kwon, Alyssa A. Frederick, and Waleey Fatai.