Fenwick & West LLP represented Wealthfront Inc., one of the largest and fastest growing automated investment service (AIS), in its recently announced $35 million Series C financing. Index Ventures and Ribbit Capital led the round, joined by existing investors The Social+Capital Partnership, Greylock Partners and DAG Ventures, as well as a few new investors and technology leaders.
The company will use the new funds to invest in the people and technology required to scale, and by doing so accelerate the pace of new features and services to handle more than a thousand times the assets we manage today. More information on Wealthfront's $35M Series C Financing can be obtained from the company press release.
The Fenwick transaction team was led by corporate partner Ted Wang; and corporate associates Daniel Parames and Ryan McRobert.