Press Release
April 15, 2024

Holland & Knight Advises Raft LLC on Significant Investment from Washington Harbour Partners LP

TYSONS, Va. (April 15, 2024) – Holland & Knight advised Raft LLC in connection with its $60 million investment from Washington Harbour Partners LP (WHP), a leading private investment firm. The transaction was announced on April 10.

Based in Reston, Virginia, Raft is a leading modern technology and data-focused advanced software engineering firm, creating innovative solutions for the most critical mission sets across the U.S. Department of Defense and nation. Raft specializes in next-generation software, data and artificial intelligence (AI) products and solutions to solve the hardest national security challenges.

Raft will use the investment to intensify its research and development efforts. Additionally, Raft will now serve as WHP's platform for advanced software development for the Department of Defense, intelligence communities and select federal-civilian agencies.

Headquartered in Washington, D.C., WHP is a private investment firm with deep experience in the areas of software, defense technologies, cybersecurity, government, and business services and technology-enabled consumer services.

Holland & Knight Partners Adam August and Jose Morales and Associates Christian Kaiser and Diana Andrade led the firm's representation of Raft.

More information on the transaction can be found here.

Holland & Knight regularly ranks among the leading M&A and private equity law firms in reputable, benchmarking league tables published by Bloomberg, LSEG (formerly Refinitiv), Mergermarket, PitchBook and The Deal. In 2023, the firm ranked among the top five most active law firms in the U.S. and top 10 globally for its work in the space. Through the HK Deal FlowSM program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.

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