Fenwick & West LLP represented Wealthfront Inc., provider of financial advice offered by financial institutions and private wealth managers, in its recently announced second round of $20 million financing. The round was led by Index Ventures, and included participation from The Social Capital Partnership, Greylock Partners and DAG Ventures.
The company plans on utilizing the new funds to significantly grow their product and engineering team. More information about Wealthfront’s $20M financing can be obtained from the company blog.
The Fenwick transaction team was led by corporate partner Ted Wang; and corporate associates Daniel Parames and Ryan McRobert.