Fenwick & West LLP represented Spigit, Inc. in its recently announced investment of $15 million in a Series E financing. The transaction was led by Warburg Pincus, bringing Spigit’s total amount raised to $41.2 million.
Spigit, based in Pleasanton, CA, is a leader in social innovation software and services. Their platform enables organizations to tap into the collective intelligence of employees, customers, partners and fans to help tackle business objectives. Using sophisticated analytics built on advanced mathematics, Spigit takes us beyond information gathering and analyses to real time decision making and meaningful prediction. The five-year-old company has seen significant success bolstered by a rapidly growing customer base, with milestones in 2011 including: