Fenwick & West represented PebblePost, the inventor of the Programmatic Direct Mail® solution, in its $47 million Series B round equity and debt financing. This amount includes a term loan facility with Horizon Technology Finance and secured credit facility with Silicon Valley Bank in addition to $20 million in equity capital from institutional investors and industry angels. This completes PebblePost’s Series B, which includes a previously announced $15 million closing.
The company will use the funds to enhance customer operations, expand its product, enter new markets and add new talent. More information about PebblePost’s Series B financing can be obtained from the company press release.