Fenwick & West LLP represented Hightail Inc., provider of online sharing, storage and file management capabilities, in its recently announced $34 million Series E financing. The round was led by Western Digital Capital with new investor Accolade Partners. Existing investors also participated in the round including Adams Street Partners, Alloy Ventures, Emergence Capital, Sevin Rosen and Sigma Partners. The company has raised a total of $83 million in funding to date.
The new investment will allow Hightail to further expand its cloud services opportunity, which is expected to reach $220B by 2020 according research from GigaOm.