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Baker Botts Represents Aviva in $10.4 Million Corporate Venture Deal for Roost

LONDON, September 7, 2017 - Baker Botts L.L.P., an international law firm, announced today its Corporate Venture Capital (CVC) client Aviva, UK’s largest insurance group, successfully closed a $10.4 Million Series B funding round with Roost for a strategic funding investment in the United States. 

Roost is a leader in Home Telematics for property Insurance carriers and creator of the Roost Smart Battery and the Roost Smart Water Leak and Freeze Detector solutions. 

Baker Botts advises Aviva Ventures, Aviva’s Corporate Venturing arm, on deals in the United Kingdom and the United States. 

“This was our first deal for Aviva Ventures, and we have been instructed on numbers two and three. Aviva is very active,” said Neil Foster, Baker Botts partner and lead lawyer for Aviva. “What is key for our Corporate Venturing clients is that we have offices in the three leading CVC locations in the world: Silicon Valley, London and New York.” 

“Corporate venturing is a specialist subject, and differs from other VC deals in many ways, due to the strategic objectives of our corporate clients. This is an area of major growth for our firm because it is an area of substantial growth for our clients. There is double the number of CVC units today than just four years ago,” Mr. Foster continued. 

Baker Botts is widely recognised for its CVC expertise and has represented many start-up company founders, investors and venture capitalists in London, California and New York. 

The Baker Botts team was led by partners Neil Foster (London) and Brian Lee (Palo Alto) on the Term Sheet. Mr. Lee and associate Clark Wilkes (Palo Alto) lead on the deal. 

For more information, please see Aviva’s news release and Roost’s press release


Baker Botts is an international law firm of approximately 725 lawyers practicing throughout a network of 13 offices around the globe. Based on our experience and knowledge of our clients' industries, we are recognized as a leading firm in the energy and technology sectors. Since 1840, we have provided creative and effective legal solutions for our clients while demonstrating an unrelenting commitment to excellence. For more information, please visit

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