Fenwick & West LLP represented Accel Partners, a global venture capital and growth equity firm, in leading its recently announced $45.5 million growth equity investment in UserTesting, an advanced user experience platform, with participation from OpenView Venture Partners. In conjunction with the investment, Kobie Fuller, principal at Accel, will join the company’s board of directors.
The new funding will enable UserTesting to continue its triple-digit annual growth rate and expand its capabilities beyond app and website testing. More information about Accel Partners’ $45.5M growth equity investment in UserTesting can be obtained from the company press release.
The Fenwick transaction team included corporate partner and chair of the Private Equity Practice Scott Joachim; corporate attorneys In Lee and Ashley Romero; technology transactions attorney Chris Joslyn; executive compensation and employee benefits attorneys Shawn Lampron and Kristin O’Hanlon; employee practices attorneys Dan McCoy and Dan Obuhanych and tax attorney Will Skinner.