Fenwick & West represented BlueVine, a leading provider of small business banking, in its $102.5 million Series F financing.
The round was led by ION Crossover Partners with participation from all major existing investors, including Lightspeed Venture Partners, Menlo Ventures, 83North, SVB Capital, Nationwide, Citi Ventures, Microsoft’s venture fund, M12 and private investors. The round also included new investors MUFG Innovation Partners Co., Ltd; O.G. Tech – Eyal Ofer’s VC; Vintage Investment Partners; ION Group; Maor Investments and additional private investors.
BlueVine will use the funding to further build and scale its vision for BlueVine Business Banking, an end-to-end banking platform featuring a business checking account seamlessly integrated with BlueVine’s technology-enabled suite of online financing products. More information about the financing can be obtained from the company announcement.
The Fenwick transaction team included tax partner Idan Netser; corporate associates Ryan Slunaker, James Li and Myles Gutenkunst; and technology transactions counsel Daniel Friedberg and associate Igor Voloshin.