Fenwick & West represented Stormpath, Inc., a powerful identify API platform, in its $15 million Series B financing. The financing was led by Scale Venture Partners with continued support from prior investors New Enterprise Associates and Pelion Venture Partners.
The new capital will allow Stormpath to build more advanced features like SAML and deeper authorization, deeper client side support for mobile, single sign-on across customer services, and foolproof token authentication to connect users, applications and devices securely. More information about Stormpath’s $15 million financing can be obtained from the company press release.
The Fenwick transaction team was led by corporate partner Ted Wang and corporate associates Jacob McQuown and Jordan Koss.