Fenwick & West represented 1661, Inc. (“GOAT”), one of the world’s leading digital sneaker marketplaces, in its merger with Flight Club New York Ltd., a pioneer of sneaker consignment. Along with the merger, GOAT and Flight Club announced a new funding round of $60 million led by Index Ventures, with participation from previous GOAT investors Accel, Matrix Partners, Upfront Ventures and Webb Investment Network.
GOAT and Flight Club will continue to operate as independent brands, and focus on utilizing the strengths across the combined companies to scale online and retail operations to meet customer demand both domestically and internationally. More information about GOAT’s merger with Flight Club can be obtained from the company announcement.
The Fenwick transaction team included corporate lawyers Sam Angus, Kee Kim, Ryan McRobert and Annie Omata; technology transactions lawyers Ralph Pais and Julia Arruda; executive compensation and employee benefits lawyers Marshall Mort and Elizabeth Chang; and tax lawyer Ora Grinberg.