Fenwick & West LLP represented Greenwave Systems, a global Internet of Things (IoT) software and services company, in its recently announced Series C financing. The $45 million in equity was co-led by EDBI and Singapore Technologies Telemedia. Other investors, including existing stakeholders E.ON and The Westly Group, also contributed to the new round.
Greenwave plans to use the funds to accelerate its international strategy and provide growth capital for other strategic investments. More information about Greenwave’s $45 million Series C financing can be obtained from the company press release.
The Fenwick transaction team included corporate partner Bill Schreiber and corporate associate Philip Henry.