Fenwick & West LLP represented its client Coupons.com Incorporated in its recently announced investment of $200 million from institutional investors. The company plans to use the investment to further accelerate its growing momentum in shifting the newspaper-dominated coupons industry to digital as well as expand the coupon industry. Up to $100 million of the funds is also available to facilitate liquidity for stockholders.
Coupons.com, based in Mountain View, CA, is a leading provider of digital coupons. Its digital coupon network is comprised of tens of thousands of websites across the Internet, including retailer sites that span 46,000 store locations, as well as affiliate publisher’s sites. At the center of the network is Coupons.com, the 43rd largest website in the U.S. (Nielsen, April 2011). The Coupons.com digital coupon network also includes consumer electronics, shopping carts and kiosks, as well as apps, including the company’s own Grocery iQ and Coupons.com mobile applications.
Established in the heart of Silicon Valley in 1972, Fenwick & West provides comprehensive legal services to technology and life sciences clients of national and international prominence. The firm is ranked by Dow Jones as the fourth most active U.S. law firm in helping IT clients raise venture capital, by MergerMarket as one of the top five technology M&A practices in the North America and by Corporate Board Member as one of the top five corporate law firms in northern California for publicly traded companies.