Fenwick & West LLP represented Zuora, Inc., a leader in subscription commerce, billing and finance, in its recently announced $50 million Series E financing. The round included new investors Next World Capital, Vulcan Capital and Northgate Capital, with participation from existing investors Benchmark Capital, Greylock Partners, Index Ventures, Redpoint Ventures, Shasta Ventures, Tenaya Capital, Workday founder and co-CEO Dave Duffield and Marc Benioff, chairman and CEO, salesforce.com. In addition, Abhishek Agrawal of Vulcan Capital and Craig Hanson of Next World Capital joined the company’s board.
The new investment will help the company expand operations and help transform the quickly growing number of companies that are embracing the Subscription Economy. More information about Zuora’s $50M Series E financing can be obtained from the company press release.
The Fenwick transaction team was led by corporate partner Ted Wang; and corporate associates Faisal Rashid and Nam Kim.