Fenwick represented Alpha Edison and Lightspeed Venture Partners in their investment in United Dwelling’s $10 million Series B financing. Alpha Edison is an early stage venture firm that partners with courageous entrepreneurs to build industry-changing technology platforms, and Lightspeed is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors.
United Dwelling was created to facilitate converting underutilized garages or backyards into attractive housing at a price low enough to be truly affordable, providing homeowners with the same income they would gain if they did this themselves. More information about the financing is available from the news announcement.
The transaction team included corporate partner Michael Brown and associates Ari Haber and Lisa Richards.