Fenwick & West LLP represented Modria, Inc., provider of the leading online dispute resolution system, in its recently announced $5 million Series A financing. The transaction was led Foundry Group. As part of the financing, J. Scott Carr has joined Modria as president and CEO.
The company plans on utilizing the new funds to keep up with the explosion of online activities and ecommerce disputes that have arisen based on new digital transactions, such as reviewing property assessments and filing insurance claims. The Fenwick transaction team was led by corporate partner
Steve Levine and corporate associate Seth Oranburg.