Fenwick & West LLP represented Flipboard, Inc., a digital social magazine that aggregates web links from your social circle and displays the content in magazine form on various devices, in its recently announced $50 million Series C financing. The round was led by Rizvi Traverse Management and included Goldman Sachs, along with existing investors Insight Venture Partners, Index Ventures and Kleiner Perkins Caufield and Byers. Early investor Code Advisors advised the company through the fundraising process.
The new investment will help to continue expanding its infrastructure and product teams to meet the needs of its growing, global readership. More information about Flipboard’s $50M Series C financing can be obtained from the company press release.
The Fenwick transaction team was led by corporate partner Sayre Stevick; corporate of counsel In Lee; and corporate associate Ashley Romero.