Fenwick & West represented Zuora Inc., a company that delivers a SaaS-based solution for taming operational complexities of recurring revenue businesses, in a $115 million financing. New investors include public market investors Wellington Management Company LLP and Blackrock Inc., as well as Premji and Passport Capital. They join existing investors Benchmark Capital, Greylock, Redpoint, Index, Shasta, Vulcan, Next World Capital, Dave Duffield, co-founder and chairman of the board of Workday, and Marc Benioff, chairman and CEO of salesforce.com—all of whom participated in this latest funding round.
With this new investment, Zuora will continue its global expansion into new geographies and vertical markets, expand its team with world-class sales, engineering and marketing personnel, and fuel continued research and development activities. More information about Zuora’s $115 million financing can be obtained from the company’s press release.
The Fenwick transaction team was led by corporate partner Ted Wang and corporate associates Faisal Rashid and Nam Kim.