Fenwick & West represented Fundbox, the leading cash flow optimization tool for small businesses, in a $40 million Series B financing. The round was led by General Catalyst Partners. Existing investors Khosla Ventures, Shlomo Kramer, Blumberg Capital and others along with new investor NyCa Investment Partners also participated. The company also announced a new credit facility in partnership with Silicon Valley Bank and other institutions.
The financing will enable the company to further accelerate its rapid expansion, innovation and product development, as well as increase its marketing efforts to reach small businesses. More information about Fundbox’s $40M Series B financing can be obtained from the company’s press release.
The Fenwick transaction team was led by corporate partner Sam Angus, corporate associate Yael Li-Ran Perl and tax associate Idan Netser.