Fenwick & West LLP represented Accel Partners, a global venture capital and growth equity firm, in leading its recently announced $61 million equity investment in Pond5, an online marketplace for video footage and stock media. This is the company’s first time raising outside funding.
With the new funds, the company will continue to build vibrant products for artists and consumers of video globally. More information about Accel Partners’ equity investmen t in Pond5 can be obtained from the company blog.
The Fenwick transaction team was led by corporate partner and chair of the Private Equity Practice Scott Joachim; corporate partner Steven Levine; corporate associates Brian Kelly, Kelli Newman and Will Black; technology transaction partner Stephen Gillespie and tax associate Will Skinner.