Fenwick & West LLP represented Google Capital, a growth equity fund backed by Google, investing in companies that use technology to change the way people experience the world, in leading its recently announced $110 million growth equity investment in MapR Technologies, Inc., provider of a top ranked distribution for Apache™ Hadoop. In conjunction with this investment, Gene Frantz, general partner at Google Capital, will join the MapR Board of Directors.
Google has had a long-standing commitment to Hadoop, making Google Capital an ideal investor for MapR. This investment round recognizes their customers’ rapid adoption, their tremendous results and ROI, and also the capital efficiency of their business model. More information about Google Capital’s growth equity investment in MapR Technologies can be obtained from the company press release.
The Fenwick transaction team was led by corporate partner and chair of the Private Equity Practice Scott Joachim; corporate associate Lara Anthony, and technology transactions associate Andrew Hall.