Fenwick represented Afero, a leading secure Internet of Things (IoT) Platform as a Service (PaaS) provider, in its $50 million Series C financing. The round was led by Crosspoint Capital Partners, and Home Depot also participated in the investment round.
Afero will use the new capital to accelerate its next stage of growth and extend its platform to connect and secure everything. More information can be obtained from Cross Point’s announcement.
The Fenwick transaction team was led by corporate partners Mark Stevens and Ryan Slunaker and included associates Shajee Rizvi and Kevin Cergol.