Fenwick & West LLP represented Act-On Software, Inc., a leading marketing automation provider for small and mid-market enterprises, in its recently announced $42 million venture financing. The round was led by Technology Crossover Ventures (TCV), with participation from existing investors Norwest Venture Partners, Trinity Ventures, US Venture Partners and Voyager Capital. In addition, David Yuan of TCV will join the Act-On board of directors.
The company will use the new funds to accelerate its business and further fuel its revenue on all fronts, including new product development, sales expansion, employee growth and brand recognition.
The Fenwick transaction team was led by corporate partner Alan Smith and corporate associates Morgan Sawchuk and Maureen Montgomery.