Fenwick & West LLP represented Moov Corporation, provider of an enterprise-class, cloud-based platform for Web development, in its recently announced $16 million financing. The round included participation from Jafco Ventures and Trinity Ventures, with existing investor Andy Bechtolsheim contributing. As part of the financing, Joe Horowitz, managing general partner at Jafco Ventures, and Paul Sallaberry, a former Veritas and Oracle executive, have joined the Moov Corporation Board of Directors.
The company plans on utilizing the new funds to further the vision of fundamentally transforming Web development to create unmatched business agility for organizations of all sizes. Read more about Moovweb’s $16M financing.